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Mkts snap 5-day losing streak as geopolitical tensions ease
Business Standard
|October 29, 2024
ICICI Bank propels Sensex to best session in a month
Domestic equity markets snapped their five-day losing streak on Monday, buoyed by the easing of geopolitical tensions after Israel's restrained retaliatory attack on Iran, which led to a correction in oil prices, and buying in ICICI Bank.
Upbeat results from the country's second-largest private sector lender, which has substantial weight in the benchmark indices, powered the Sensex to its best session in two weeks.
In intraday trade, the Sensex rose by 1,138 points, or 1.43 per cent, to 80,540. The 30-share index, however, gave up some gains amid profit booking. It finished the session at 80,005, with a gain of 603 points or 0.76 per cent, highest since September 26.
Diese Geschichte stammt aus der October 29, 2024-Ausgabe von Business Standard.
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