Markets trade higher as Nifty crosses 24,500, Sensex up 0.7%

On Monday, the Indian stock market opened higher.

The Nifty 50 index went up by about 0.7% to 24,552.95, and the Sensex rose by 0.72% to 78,658.01.

Most of the 16 main sector groups also gained.

Small‑cap and mid‑cap stocks were up 0.7% and 0.4% respectively.

Oil prices fell about 5% to $83.5 a barrel after the U.S. president said he would talk with Iran, which made people hopeful that Middle East tensions might ease.