Sensex Crosses Key 60,000 Level On Oil Prices Fall To Six-Month Lows

Equity benchmarks rose early on Wednesday, extending gains from previous session, with the Sensex index breaching the 60,000 level, tracking a fall in oil prices that dropped to their lowest level since mid-February amid concerns over global growth outlook. Indian stocks opened higher as a softening inflation print steered expectation of slowing pace of interest rate hikes, with sentiment boosted by that fall in crude prices and strength in Asia from global markets.

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