Indian Stocks Rebound as Crude Oil Prices Retreat

Indian stock markets finished higher after spending most of the day in negative territory.

The Sensex and Nifty are major measures of how Indian shares are performing.

Buying increased during the final hour of trading.

A major reason was that crude oil prices fell sharply.

Lower oil prices can improve sentiment among investors.

Brent crude dropped 3% to USD 89.32 per barrel.

Analysts said expected US sanctions against Iran were less severe than markets had anticipated.

This helped oil prices and bond yields move down from recent highs.

The gains came on the monthly derivatives expiry day, when some investors also closed or adjusted positions.