Indian benchmark indices rebound as Asian markets rally:Oil prices rise as Israel extends Lebanon offensive

On Monday, June 1, the Sensex is trading up 100 points at 74,800. Nifty has also gained 10 points, reaching 23,550. In today’s trading, there is more buying in IT shares. Mixed sector-wise performance: Sectorally, on the NSE, indices like Nifty PSU Bank and Consumer Durables were among the losers. While on the other side of the spectrum, Nifty IT rose the highest by 3.57%. South Korea’s market rose more than 4% On Friday, American markets closed higher Foreign investors sold shares worth ₹56,000 crore in 30 days Oil prices jump after Israel extends Lebanon offensive Oil prices climbed more than 2% on Monday as the West Asia conflict raged, with Israel expanding its ground offensive in Lebanon over the weekend. The prices of global oil benchmark, Brent crude, rose to $93 per barrel on Monday. Rupee dips The rupee depreciated 9 paise to 94.94 against the US dollar in early trade on Monday weighed down by elevated crude oil prices as the Israel-Lebanon conflict escalated. On Friday, Sensex fell 1092 points to close at 74,775 On May 29, Sensex fell 1092 points to close at 74,775. Nifty also fell 359 points to close at the level of 23,547. Metal-auto shares witnessed the maximum decline.