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Indian shares rise as oil, Fed fears ease; financials gain on Q2 updates
Indian shares advanced on Monday after their longest weekly losing streak in 25 years, supported by a pullback in oil prices and easing concerns over aggressive US monetary tightening. The Nifty 50 rose 0.60% to 22,555.75, while the Sensex gained 0.66% to 72,382.47. India’s blue-chips have fallen for eight straight weeks through Friday, pressured by record foreign selling, elevated oil prices and a sharp rise in global bond yields. On Monday, market sentiment improved after softer-than-expected US jobs data reduced expectations of a Federal Reserve rate hike later this month, offering relief t...
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