-- Indian benchmark indices closed with marginal gains on Monday as ongoing uncertainty around the US-Iran situation and higher crude oil prices kept investors cautious.
The BSE Sensex rose 26.76 points, or 0.03%, to end at 78,520.30, while the NSE Nifty 50 gained 11.30 points, or 0.1%, to close at 24,364.85.
Market sentiment remained fragile amid mixed global cues and tensions in the Middle East. The two-week ceasefire between the U.S. and Iran is set to expire on Tuesday. Reports of renewed tensions around the Strait of Hormuz point to a possible escalation, casting doubt on the continuation of the ceasefire.
Among stocks, Hindustan Organic Chemicals (BOM:500449) surged over 11% after initiating steps to restart operations at its phenol and cumene plant in Kochi, according to a Monday filing. The restart follows the resumption of liquified petroleum gas supply by Bharat Petroleum Corporation.
Sterling and Wilson Renewable Energy (NSE:SWSOLAR, BOM:542760) gained over 9% after emerging as the lowest bidder for a 34.9 billion rupees EPC contract from Coal India for a large solar project in Rajasthan, according to a Monday filing. The company also secured an additional 50 MW project in Maharashtra.