The Nifty50 and Sensex rose, tracking gains in Asian peers and low oil prices. On the domestic front, market participants will monitor the outcome of assembly elections in four states and one union territory on Monday.
The Nifty50 was trading 0.77 per cent or 193.10 points higher at 24,190.65, and the Sensex was trading 0.77 per cent or 589 points down at 77,502.53.
Hindustan Unilever, Bajaj Auto, and Maruti Suzuki India were the top gainers in the Nifty50.
In the broader markets, the Nifty MidCap and the Nifty SmallCap indices were trading 0.72 per cent and 0.92 per cent higher, respectively.
Sector-wise, the Nifty Auto, the Nifty Realty, and the Nifty Metal advanced the most. Meanwhile, the Nifty Media, Nifty IT, and the Nifty Private Bank declined the most.
Brent crude slumped as much as 2.45 per cent in Monday’s session as US President Donald Trump announced operation ‘Freedom’, under which Washington will ensure safe passage for stranded ships in the Strait of Hormuz.
Brent crude’s May contract was trading 0.39 per cent down at $107.75 per barrel on the Intercontinental Exchange.
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