Markets trade higher as Nifty crosses 24,500, Sensex up 0.7%
Indian stock markets opened higher on Monday, with the Nifty 50 rising 0.69% to 24,552.95 and the BSE Sensex gaining 0.72% to 78,658.01, driven by a nearly 5% drop in Brent crude prices. The rally saw 14 of the 16 major sectoral indices register gains, alongside small-cap and mid-cap stocks rising 0.7% and 0.4%, respectively. The Indian rupee strengthened by 31 paise to 95.12 against the US dollar, supported by foreign institutional investor inflows and backing from the Reserve Bank of India.