Stock Markets End Higher for Fifth Day in a Row on Lower Crude Prices, Optimism over U.S.-Iran Peace Deal
Trent led gains as blue-chip stocks rose on expectations of a stable US rate cycle and softer crude prices.
- On Wednesday, the BSE Sensex jumped 347.14 points to close at 77,155.62, while the NSE Nifty rose 96.55 points to settle at 24,085.70.
- Among the 30 Sensex firms, Trent led gainers with a 7.06% increase, while Bajaj Finserv shares closed with a 1.16% dip as 20 companies ended in the green.
- Following the US-Iran peace framework and the Strait of Hormuz reopening, Brent crude fell below USD 79, aiding the Rupee's 10 paise appreciation to 94.50 against the USD.
- Technical Research Analyst Hitesh Tailor at Choice Equity Broking Private Limited stated, "The overall market bias remains positive to bullish."
- The BSE MidCap Select Index surged 1.20% and the BSE SmallCap Select Index gained 0.31%, while Sanofi Consumer Healthcare India shares will trade ex-date soon for a Rs 75 final dividend.
15 Articles
15 Articles
Market Closes Higher with Sensex Gaining 347 Points, Nifty Up by 97 as Easing Crude Prices Boost Market Sentiment
Get latest articles and stories on Business at LatestLY. Indian equity benchmark indices extended gains for the fourth consecutive session on Wednesday, supported by easing crude oil prices and positive global cues. Business News | Market Closes Higher with Sensex Gaining 347 Points, Nifty Up by 97 as Easing Crude Prices Boost Market Sentiment.
Sensex, Nifty extend winning run to fourth consecutive session, Trent jumps over 7%
Benchmark stock indices Sensex and Nifty rose for the fourth consecutive session on Wednesday, propelled by a further decline in crude oil prices and firm buying in metal and IT stocks. The 30-share BSE Sensex jumped 347.14 points or 0.45 per cent at 77,155.62. During the day, it hit a high of 77,218.99 and a low of 76,768.49, gyrating 450.5 points. The 50-share NSE Nifty zoomed 96.55 points or 0.40 per cent to settle at 24,085.70. The broader m…
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