Oil also hit 13-month highs, helped by rising optimism about a return in fuel demand
The Nifty Pharma index edged up 3 per cent, followed by gains in the Nifty PSB index (up 2.3 per cent), and the Nifty Pruvate Bank index (up 2 per cent)
The group, known as OPEC+, met on Wednesday to review compliance and left oil cuts levels unchanged
The Bank did not elaborate the extent of its exposure and the steps it is taking to protect its interest
If the US killing of Iranian general Qasem Soleimani on Friday leads to conflict between Washington and Tehran, oil facilities could be targeted in Gulf states
Trade war worries hit global equities again on Monday, while stoking a rally in safe-haven assets including the Japanese yen, core government bonds and gold
The mood across financial markets was cautious after China announced last week it would slap extra tariffs on 128 US