Tech, banking stocks lift Sensex 200 points higher; Nifty above 25,150
The BSE Sensex was trading 237 points, or 0.29%, higher at 82,210. The Nifty50 was up 65 points, or 0.26%, trading at 25,193 around 9:20 am.
Oil prices slid 3% after a media report said Israel is willing not to strike Iranian oil targets, easing fears of a supply disruption.
A fall in oil prices is positive for India, the world's third-largest oil importer, as the commodity makes up a significant part of the country's import bill.
Angel One shares opened 8.6% higher after the company reported its best-ever quarterly performance across key financial metrics for the three-month period ending September 30, 2024.
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