Stock Market
Indian stock market surges as Brent crude dips below $100 after Trump’s Iran remarks
Mumbai/IBNS: The Indian stock market opened higher on Tuesday, recovering part of the losses it suffered a day earlier.
The rebound came after a correction in crude oil prices, which also revived global markets.
At noon, the BSE Sensex was up over 500 points, while NSE Nifty 50 gained more than 100 points.
Brent crude slipped below $100 per barrel after US President Donald Trump hinted at a possible resolution of the Iran conflict.
The market had seen a sharp decline on Monday due to concerns over oil supply amid escalating tensions between Iran and the US-Israel region.
The rupee strengthened, opening at ₹91.92 against the US dollar, while gold and silver prices also rose on the Multi Commodity Exchange of India (MCX).
Market expert Anil Singhvi told Zee Business that he expects support for the Nifty 50 at ₹23,700–23,900 and for the Nifty Bank at ₹55,275–55,550, citing Trump’s remarks on the Iran situation.
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