Indian stocks rise on Iran peace deal and credit scheme
Indian benchmarks rose over 1.2% as falling oil prices and a $1.9 billion credit scheme lifted sentiment. Bank stocks led the broad market gains on Wednesday.
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India's Nifty 50 rose 1.24% to 24,330.95 on Wednesday morning as falling oil prices and a $1.9 billion credit guarantee boosted sentiment. The gain marks the largest single-day advance since April 15 for the benchmark index. Lower energy costs ease inflation pressures for the world's third-largest oil importer.
