Indian shares closed Monday's session on a buoyant note as hopes for a U.S.-Iran peace deal sent oil prices sharply lower and eased inflationary concerns.
Oil prices tumbled nearly 5 percent and the rupee extended gains for a third straight session to hit a two-week high at around 95.28 to the dollar after U.S. President Donald Trump said on Saturday a peace deal with Iran had been "largely negotiated."
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.