Markets up 1.6% as US open to talks with Iran

Indian markets rose on Monday as the Nifty soared 1.6% to 24,774.30 points. The Sensex closed 0.7% higher at 78,639.03. Vinod Nair said, “The decline in crude oil prices provided relief to markets by easing concerns over inflation.” Most sectors improved, while the rupee strengthened for the sixth consecutive session.