Sensex Jumps 787 Points, Nifty Near 23,000 as Iran Ceasefire Hopes Lift Indian Stocks

Indian equities bounced back hard on Monday, closing up over 1% after early selling gave way to renewed buying as talk of a potential U.S.-Iran ceasefire eased oil prices. That relief prompted investors to snap up banks and consumer stocks. The Sensex finished 787.30 points stronger at 74,106.85. The Nifty 50 climbed 255.15 points, settling at 22,968.25.