Indian Shares Snap Three Day Slide on IT and Pharma Gains
Indian benchmark indexes rose today as IT stocks rebounded and Sun Pharma surged following a major acquisition. Markets found support from easing geopolitical tensions.
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Equity markets in India broke a three-day losing streak on Monday, buoyed by a significant recovery in technology shares and a major acquisition in the pharmaceutical sector. The Nifty 50 index climbed 0.81% to close at 24,092.7, while the Sensex rose 0.83% to 77,303.63. The market rebound was broad-based, with all 16 major sectoral indices finishing in positive territory.
