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Business
Indian Stock Markets Extend Gains, Nifty Crosses 24,000 Mark
🗓 17 Jun 2026, 04:01 PM
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Indian equity markets opened flat on Monday, with the GIFT Nifty hovering around the 24,000 mark. The market sentiment appears to be positively impacted by the decline in crude oil prices.
Indian stock markets continued their upward trend in early trading sessions, with the benchmark Nifty index surpassing the 24,000-point level. The GIFT Nifty futures indicated a flat opening for domestic equities.
The positive sentiment in the market is partly attributed to the softening of crude oil prices. Global crude oil rates are reportedly nearing a three-month low, which typically benefits an oil-importing nation like India by reducing inflationary pressures and import costs.
While the opening was flat, the sustained momentum suggests investor confidence. Further details on specific sectoral movements and trading volumes are awaited as the trading day progresses.
The positive sentiment in the market is partly attributed to the softening of crude oil prices. Global crude oil rates are reportedly nearing a three-month low, which typically benefits an oil-importing nation like India by reducing inflationary pressures and import costs.
While the opening was flat, the sustained momentum suggests investor confidence. Further details on specific sectoral movements and trading volumes are awaited as the trading day progresses.