Indian shares snap losing streak; Reliance, Axis Bank cap gains
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Indian shares opened higher on Monday, ending a losing streak, with the Nifty 50 up 0.61% and the BSE Sensex up 0.62%. Despite this, quarterly earnings from Reliance and Axis Bank limited gains. Sun Pharma's shares rose 4.3% after announcing an $11.8 billion acquisition of Organon. Axis Bank fell 4.1% due to a slight drop in profit, while Reliance traded flat after missing profit expectations. The previous sessions saw both indexes lose 2.7% amid rising crude prices linked to the Iran war crisis.
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