India’s Sensex closes 0.8% higher at 74,894.9 as oil prices fall

  • BSE Sensex closed 0.8% higher at 74,894.9, ending a two-day losing streak.
  • Falling crude prices, returning foreign fund inflows and partially recovering Saudi shipments supported sentiment.
  • The National Stock Exchange’s roughly $2.3 billion IPO was due to close Monday, while Moneyview’s IPO was scheduled to open Sept. 24.

India’s BSE Sensex closed 0.8% higher at 74,894.9 on Monday, ending a two-day decline as falling global crude prices and renewed foreign fund inflows supported equities. Investors also hoped this week’s UN General Assembly could bring diplomatic progress toward resolving the Iran conflict, while partially recovering Saudi oil shipments eased inflation concerns. The roughly $2.3 billion National Stock Exchange IPO was due to close Monday, and fintech platform Moneyview planned to open its IPO on Sept. 24 at a targeted valuation of up to about 59.85 billion rupees ($624 million).

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