June 22 (Reuters) – Indian shares advanced on Monday, tracking gains in Asian peers after progress in U.S.-Iran peace talks reduced fears of a collapse in negotiations.
The benchmark Nifty 50 rose 0.5% to 24,129, while the BSE Sensex added 0.51% to 77,190.36, as of 9:17 a.m. IST.
All 16 major sectors advanced at the open. The broader small-caps and mid-caps gained 0.5% and 0.4%, respectively.
Broader Asian markets rose 0.9%, while Brent crude fell 1.3% and stayed below $80 a barrel, offering relief to oil-importing economies.
A joint statement from Qatar and Pakistan said the first round of U.S.-Iran talks had ended with progress on a roadmap for a final deal within 60 days.
The update helped calm investor nerves after U.S. President Donald Trump threatened fresh strikes on Iran, even as Vice President JD Vance met Iranian officials for the first talks under an interim peace deal.
Reporting by Bharath Rajeswaran in Bengaluru; Editing by Janane Venkatraman and Nivedita Bhattacharjee.
