India’s Sensex rises 0.8% to 74,894.9 as oil prices fall

  • BSE Sensex ended higher after crude prices fell and foreign fund inflows resumed.
  • 74,894.9 was the Sensex close, representing an increase of about 0.8%.
  • UltraTech Cement, HCL Tech, Eternal, Titan, ITC and Tech Mahindra posted the biggest gains.

India’s BSE Sensex closed 0.8% higher at 74,894.9 on Monday, ending a two-day decline. The advance was supported by a significant fall in global crude oil prices and the return of foreign fund inflows. Investors also remained hopeful that this week’s UN General Assembly could produce diplomatic progress toward resolving the Iran conflict, while a partial recovery in Saudi Arabia’s oil shipments helped ease inflation concerns. UltraTech Cement, HCL Tech, Eternal, Titan, ITC and Tech Mahindra led individual stocks, gaining between 1.8% and 4.1%. Bharti Airtel, Power Grid and Infosys lagged, falling 1.9%, 1.2% and 1%, respectively.

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