Indian mkts join global relief rally on Trump's comments

Indian shares settled higher on Tuesday, climbing from their lowest levels in nearly a year, as crude oil prices eased in a relief rally enabled by comments from US President Donald Trump read by market participants as de-escalatory.

- Reuters

The Nifty 50 ended 0.97% higher at 24,261.60 and the BSE Sensex rose0.82% to 78,205.98.

The benchmark indexes had posted their sharpest fall in a month on Monday, with the volatility index surging to a 21-month high after crude oil cleared $100 a barrel. Higher crude oil prices area key risk for net energy importer India.

“Today's market is just reflecting what is happening on the crude side and the global risk-off sentiment taking a backseat temporarily,” said Aishvarya Dadheech, founder and chief investment officer at Fident Asset Management.