Stock markets climb in early trade amid drop in oil prices

MUMBAI: (May 29) Benchmark indices Sensex and Nifty climbed in early trade on Friday following a decline in crude oil prices on reports that the US and Iran reached an understanding to extend the ceasefire for another 60 days.

Buying in IT stocks and a positive trend in global markets also added to the optimism.

The 30-share BSE Sensex climbed 352.22 points to 76,220.02 in early trade. The 50-share NSE Nifty went up by 95.65 points to 24,002.80.