Sensex Soars 2,600 Points, Nifty Jumps 750 After Israel-US-Iran Ceasefire Boost
Sensex jumps 2,600 points and Nifty rises 750 as markets rally after ceasefire announcement and easing oil prices.
Domestic equity markets surged sharply at the opening bell on Wednesday, tracking global cues after easing oil prices and a ceasefire announcement linked to tensions involving Iran.
Sensex and Nifty jumped at the opening bell on Wednesday as oil prices fell below $100 a barrel after Iran agreed to safe passage through the Strait of Hormuz. This came shortly after US President Donald Trump announced a ceasefire, stating that the United States will suspend bombing and attacks on Iran for two weeks.
The BSE Sensex started Wednesday's trading session at 77,290.63, higher by 2,674.05 points or 3.58 per cent. Similarly, the NSE Nifty50 opened with a gain of 731.50 points or 3.16 per cent at 23,855.15.
Meanwhile, the Reserve Bank of India kept the repo rate unchanged at 5.25 per cent amid uncertainty over Iran war.
Aakash Khuman
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