Indices snap three-day losing streak as RIL, L&T lead rebound
The domestic equity market advanced on Thursday, snapping a three-session losing streak, supported by gains in Reliance Industries and Larsen & Toubro as global risk appetite improved following a sharp sell-off triggered by the Middle East crisis. The benchmarks had declined steeply since Friday after the US-Israel strikes on Iran pushed crude oil prices higher and heightened inflation concerns. The Nifty ended above the 24,750 mark, led by gains in metal, consumer durable and auto stocks.
The domestic equity market advanced on Thursday, snapping a three-session losing streak, supported by gains in Reliance Industries and Larsen & Toubro as global risk appetite improved following a sharp sell-off triggered by the Middle East crisis. The benchmarks had declined steeply since Friday after the US-Israel strikes on Iran pushed crude oil prices higher and heightened inflation concerns. The Nifty ended above the 24,750 mark, led by gains in metal, consumer durable and auto stocks.
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