Punjab Newsline | New Delhi
After a one day break, the domestic stock market opened on a strong note in Wednesday’s trading session. The Sensex surged by over 1,350 points, while the Nifty successfully crossed the 24,200 mark. During early trade, the Sensex touched a high of 78,270.42, while the Nifty reached 24,280.90. Banking and realty indices also saw a sharp rise of around 2%.
The rally was supported by multiple factors, including renewed hopes of peace talks between the United States and Iran. Positive global market trends and a decline in crude oil prices below $100 per barrel further boosted investor sentiment.
In early trade, the 30-share BSE Sensex jumped 1,422.85 points to hit a high of 78,270.42, while the 50-share NSE Nifty climbed 438.25 points to reach 24,280.90. Meanwhile, the Indian rupee strengthened by 20 paise to 93.15 against the US dollar, supported by falling crude oil prices, a weaker dollar, and optimism over the possible resumption of diplomatic ties between the US and Iran.