Nifty Reclaims 24,000 as Oil Drop Boosts India Stocks
Indian stocks rallied Monday, with the Nifty 50 climbing back past 24,000 and the Sensex gaining over 1,000 points. The drop in crude prices took some pressure off a market that’s been dealing with war risks, a weak rupee and foreign outflows for weeks. At 15:23 IST, the Nifty traded at 24,028.10, up 1.30%. The Sensex stood at 76,484.87, up 1.42%, heading into the close.