India’s BSE Sensex rose about 1.6% to 76,670 at the open on Monday, reaching its highest level since early May, as investors joined a broad global risk rally following reports of a breakthrough peace agreement between the US and Iran. The development boosted risk appetite ahead of a memorandum of understanding set to be signed in Switzerland on Friday, raising hopes of easing geopolitical tensions and reducing risks to global energy supplies. Brent crude prices also fell more than 4% to around $83 per barrel, the lowest since March. Meanwhile, investors are also monitoring the upcoming US Federal Reserve policy decision for signals on the future path of interest rates. Financials, technology, and consumer durables were among the top-performing sectors. Among individual stocks, HDFC (+2.3%), BSE (+3.5%), Billionbrains (+2.5%), IFCI (+2.9%), L&T (+3.5%), and Ashok (+5.2%) were notable gainers, while MTAR (-0.7%), Data Patterns (-2.9%), and Paras (-1.7%) declined

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