Indian Shares Rebound on IT Gains and Sun Pharma Deal
The Nifty 50 and Sensex rose today as IT stocks recovered from a recent slump. Sun Pharma shares jumped 9% following an $11.8 billion deal to acquire Organon.
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India equity markets staged a recovery on Monday, rebounding from a three-session losing streak as the technology and pharmaceutical sectors led a broad-based rally. The Nifty 50 index climbed 0.67% to reach 24,057.45, while the BSE Sensex rose by an identical margin to settle at 77,183.24 by mid-morning. This turnaround follows a 2.7% decline for both benchmarks recently, triggered by rising energy costs linked to geopolitical tensions involving Iran.
