Indian shares advance on bargain buying
Indian shares edged higher on Monday, supported by bargain-buying following recent losses. Heavyweight stocks led the recovery even as broader mid-caps and small-caps declined.
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India shares edged up 0.76% on Monday morning on bargain-buying, halting a six-week losing streak driven by lower Brent Crude Oil prices. The Nifty 50 rose 0.29% to 23,414.30 and the BSE Sensex added 74,858.99 following recent market slides. Benchmarks had previously tumbled for six straight weeks, marking their longest weekly losing streak in six years.
