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India’s BSE Sensex rose about 0.7% to 77,383 in early trade on Thursday, following gains in the previous session, as lower crude oil prices lifted sentiment in the import-dependent economy. Brent crude slipped below $71 a barrel after signs of progress in indirect US-Iran talks eased concerns over India’s inflation and import bill. Among individual stocks, V-Mart Retail gained after reporting a 23% increase in quarterly revenue and 9% same-store sales growth. Banking shares were also in focus after Indian Bank and Punjab & Sind Bank reported double-digit growth in gross advances. Despite the upbeat start, investors remained cautious ahead of key US unemployment data due later in the day, which is expected to remain unchanged at 4.3% and could offer fresh clues on the Federal Reserve’s interest-rate path. Top performers included Vedanta Oil and Gas (11.6%), RHIM (9.4%), Sonata (8.5%), Exide (5.2%), Infosys (4.6%), and Vedanta (4.1%).
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