Indian shares snap losing run on IT boost and lower oil
The Nifty 50 and BSE Sensex recovered on Tuesday as value buying in the information technology sector helped snap a four-day losing streak. Markets found relief as Brent crude fell to 93.7 dollars following comments from Donald Trump regarding ongoing negotiations with Iran.
The Nifty 50 rose 0.43% to 23,483.55 and the BSE Sensex gained 0.52% to 74,649.84 on June 2, snapping a four-session losing streak. The recovery followed a 3% slide triggered by geopolitical tensions and record foreign capital outflows from India. Investors are now rotating into undervalued sectors while monitoring energy costs and global diplomatic developments.
### IT Sector Leads Market Recovery Information technology stocks climbed 4.2% on Tuesday, extending two-session gains to 7%. The sector is benefiting from a shift in investor sentiment as global software demand evolves.
