6 hrs ago
Sensex, Nifty Rise as Investors Track US-Iran Talks
India’s main stock market indexes rose in the latest session.
The Sensex increased by more than 564 points.
The Nifty also went up and gained for the fourth day in a row.
Investors were watching talks between the United States and Iran.
Lower crude oil prices helped make investors feel somewhat more comfortable.
Foreign investors also put money into the market.
Global stock markets were generally positive.
However, concerns about world tensions continued to make investors cautious.
The Sensex gained 564.03 points, or 0.76%, to close at 74,858.99.
The Nifty rose 67.90 points, or 0.29%, to end at 23,414.30.
The Nifty advanced for a fourth consecutive session.
Cooling crude oil prices, foreign fund inflows and stronger global equities supported the markets.
Moderating energy prices eased concerns about India’s import bill, inflation and corporate margins, though geopolitical uncertainty remained.
- Who
- Indian stock-market investors, supported by foreign fund inflows and positive global equity trends.
- What
- The Sensex and Nifty rose, with the Nifty advancing for a fourth consecutive session.
- Where
- India’s stock markets, including the BSE and NSE.
- When
- September 22; the gains were recorded in the previous trading session, described as Monday.
- Why
- Cooling crude oil prices, fresh foreign fund inflows and positive global equities supported the rise, while geopolitical uncertainty remained a concern.
Key facts
- Sensex close
- 74,858.99
- Sensex change
- Up 564.03 points, or 0.76%
- Sensex intraday high
- 74,987.40
- Nifty close
- 23,414.30
- Nifty change
- Up 67.90 points, or 0.29%
- Nifty streak
- Fourth consecutive session of gains
- Market factors
- Cooling crude oil prices, foreign fund inflows and positive global equities
Quotes
Ponmudi R
CEO of Enrich Money, an online trading and wealth technology firm
“The moderation in energy prices offered some relief on concerns over India's import bill, inflation outlook and corporate margins, although the broader backdrop remained cautious amid persistent geopolitical uncertainty.”
timesnownews.com
Sources
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