Sensex rises 107 points, Nifty ends at 25,044 as oil prices ease
Buying in bank and financial shares lifted both indices on 9 November, the first full trading day after Deepavali.
India’s main share indices closed slightly higher on 9 November, as oil got cheaper and investors bought bank shares.
The BSE Sensex rose 107.25 points, or 0.13%, to 81,106.65. The NSE Nifty 50 gained 58.25 points, or 0.23%, to 25,044.65.
Banks and other financial companies, which carry heavy weight in both indices, led the gains. Lower crude prices help India, which imports most of the oil it uses, because they ease pressure on inflation and on the rupee.
The session came after the special one-hour Muhurat trading session on Deepavali, when markets ended slightly lower. In the days before the festival, the Sensex had jumped 1,718 points in one session, taking the Nifty back above 25,000.
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