Nifty Reclaims 24,000 as Oil Drop Boosts India Stocks
Indian stocks surged Monday, with the Nifty 50 closing up 1.3% at 24,028.10 and the Sensex gaining over 1,000 points as crude prices fell below $100 a barrel. The rupee strengthened 0.4% to 95.2775 per dollar. Oil and bank shares led gains after reports of progress in U.S.-Iran peace talks. Investors remain cautious as negotiations continue.