Indian Shares Snap Losing Streak on Strong Earnings
Indian shares broke a four-session losing streak on Monday led by strong earnings from key firms like Dr Reddys and JSW Steel. However, inflation fears driven by high crude oil prices capped overall market gains.
Xurve View
Insights:
Xurve View
India shares rose Monday, snapping a four-session losing streak as strong corporate earnings from key benchmark constituents lifted market sentiment. The Nifty 50 rose 0.68% to 22,753.2, and the Sensex added 0.66% to 73,606.75 after falling as much as 0.9% earlier in the session. Gains remained capped as investors assessed inflation risks from Brent Crude Oil futures trading near $115 a barrel ahead of the Federal Reserve policy decision.