Indian shares rose on Monday after five consecutive sessions of declines as a sharp fall in oil prices brought relief to ​the markets after the United States and Iran paused strikes over ‌the weekend.

Lower oil prices help India, the world's third-largest importer, by potentially easing inflation concerns and supporting economic growth.

The benchmark Nifty 50 (.NSEI) rose 0.78% to 23,951.70, while ​the BSE Sensex (.BSESN) added 0.84% to 76,705.34 by 9:51 a.m. ​IST.

All 16 major sectors logged gains. The broader small-caps (.NIFSMCP100) and ⁠mid-caps (.NIFMDCP100) rose about 1.2% each.

A post-results rally in food and beverages ​firm Tata Consumer (TACN.NS), state-owned power generator NTPC (NTPC.NS), lenders IDFC First Bank (IDFB.NS) and ​AU Small Finance Bank (AUFI.NS) also helped.

Tata Consumer and NTPC gained 2% and 1%, respectively. IDFC First Bank and AU Small Finance Bank jumped 6.2% and 4%, on robust ​quarterly results.

IT index (.NIFTYIT) rose 2.5%, led by a 3.2% gain in ​Infosys after Jefferies upgraded the sector to "neutral" from "underweight."

Global markets have received some relief as Brent ‌crude ⁠fell 4.4% to $92.5 a barrel after Iran said on Sunday that it would halt its attacks as long as the United States did the same.

"Decline in crude prices has provided a supportive backdrop for Indian equity markets, ​while optimism around ​corporate earnings has ⁠aided investor sentiment," said Sachin Gupta, vice president of research at Choice Broking.

Oil marketing companies BPCL (BPCL.NS), HPCL (HPCL.NS) and ​Indian Oil (IOC.NS) rose by 1%–2%, while IndiGo (INGL.NS), paint makers ​Asian ⁠Paints (ASPN.NS) and Kansai Nerolac (KANE.NS) and tyre makers JK Tyre (JKIN.NS) and CEAT (CEAT.NS) rose between 2%–4.3%.

"Positive global cues and strong domestic institutional buying could support sentiment at ⁠the ​opening, although resistance near the 24,000 zone may ​limit aggressive upside," Gupta said.

SBI Card (SBIC.NS) climbed 3% after posting a higher quarterly profit on a boost in asset quality.