India, June 16 -- Indian shares rose notably on Monday as oil prices stabilized after settling 7 percent higher on Friday, and data showed India's wholesale price inflation eased further in May to a 14-month low amid cheaper costs for primary articles, fuel, and power.
Oil prices fell today after no damage has been reported to Iran's energy infrastructure so far. Also, U.S. President Donald Trump has expressed optimism about brokering peace between Israel and Iran.
Speaking to reporters before departing for the G7 Summit in Canada, Trump said, "There's a good chance" that a ceasefire could be reached, although he added, "sometimes they have to fight it out."
On the data front, provisional data from the Ministry of Commerce and Industry r...