Indian shares opened higher on Monday, tracking firm global cues and easing crude oil prices after U.S. President Donald Trump held off on a fresh attack on Iran and said an agreement was close. The benchmark BSE Sensex was up 540 points, or 0.7 percent, at 78,634 in early trade, while the broader NSE Nifty index traded up 172 points, or 0.7 percent, at 24,555. ITC rallied 2.7 percent despite reporting a 27 percent slump in its Q1 net profit, and Indian Oil Corporation surged 2.4 percent despite a standalone net loss of Rs. 2,661.3 crore for the June quarter. ZEE Entertainment Enterprises plummeted 12 percent after SEBI's investigation revealed missing title deeds related to loans secured by Essel Group entities.
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Oil price tumble on Iran deal hopes reduces input costs for refiner