Nifty 50 Bounces Back on US-Iran Chill and Cheap Crude

The Nifty 50 bounced up nearly 0.8% on Monday, shaking off a five-day slump! Thanks to a cooler vibe between the US and Iran and falling crude prices, investors were feeling optimistic. The rupee also got a lift, helping the BSE Sensex soar by 568.91 points. With lower energy costs easing inflation fears, the economy was looking a bit brighter!