Indian Benchmarks Advance on Easing Oil and State Elections
Indian benchmarks rose as Brent crude prices eased and state election results favored the ruling alliance. Technology and banking losses limited session gains.
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India equity benchmarks rose on Monday morning as the Nifty 50 added 0.51% to 24,119.30 and the BSE Sensex gained 0.46% to 77,269.40. Lower oil prices and state election trends supported 13 of 16 major sectors. The gains reflect investor relief over easing energy costs and a strengthened parliamentary position for the ruling coalition.
