opened with gains – The rupee weakened by 9 paise to 94. 42 against the US dollar in early trade on Monday as the market kept an eye on developments in the US-Iran talks despite softening crude oil prices providing support to emerging market currencies. Indian stock markets opened with gains on Monday after progress in talks between America and Iran.

The Nifty 50 rose 0. 5 per cent to 24,129, while the Sensex rose 0. 51 per cent to 77,190.

36. All 16 major regional indices opened with gains.

Small-cap and mid-cap stocks also rose 0. 5 percent and 0.

4 percent, respectively. The rupee fell 9 paise to 94.

42 against the US dollar in early trade on Monday amid ongoing talks between the US and Iran in Switzerland. Read this also US Fed hints at rate hike this year: What it means for Indian markets Last week, the rupee gained 0.

8 per cent to close at 94. 32 against the US dollar. It touched a multi-month high of 94.

18 and has now risen for six consecutive sessions after recovering from its record low of around 97 last month.