Sensex soars 388 points over Iran nuclear deal

A deal aimed at ending Iran's nuclear programme, which has the potential to ease geopolitical tension in Middle East, sent oil prices lower by more than 2.5% in global markets, which in turn led to a 388-point gain in the sensex which closed at 20,605 on Monday. Dalal Street investors were enthused by the prospect of a slide in petro-product prices in India, one of the main reasons for the current high inflation and weak rupee.

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