Markets bounce back as crude oil drops below $90 per barrel; Sensex climbs 287 points
Brent crude slid 3% to $89.32 a barrel, easing energy costs as foreign investors bought ₹1,181.66 crore in equities, exchange data showed.
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Sensex, Nifty Recover Losses as Crude Oil Drops Below $90 a Barrel
Indian benchmark indices, Sensex and Nifty, recovered intraday losses to close higher, driven by late-day buying and a significant decline in Brent crude oil prices, which fell 3 per cent to USD 89.32 per barrel.
Oil prices traded in Europe and the US are falling to their lowest levels in a week.
Stock Market Today: Sensex Surges Nearly 287 Points, Nifty Ends Above 24,300 as Crude Falls Below $90
Indian stock markets staged a notable turnaround on Tuesday after beginning the session in negative territory. The benchmark indices recovered from early losses and finished higher, supported by late-session buying, softer crude oil prices and gains in several large-cap stocks. The post Stock Market Today: Sensex Surges Nearly 287 Points, Nifty Ends Above 24,300 as Crude Falls Below $90 appeared first on tennews.in: National News Portal.
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