Market
Market soars! Sensex, Nifty rally on West Asia hopes
Mumbai/IBNS: The Indian stock market surged on Wednesday, buoyed by investor optimism over potential US-Iran peace talks, according to media reports.
The BSE Sensex jumped over 1,100 points at the opening and extended gains beyond 1,300 points during early trade.
The NSE Nifty 50 opened above 24,160 and climbed nearly 400 points.
IT, financial services, metals, and PSU bank stocks led the rally, reflecting strong bullish sentiment, while pharma and healthcare stocks lagged behind.
Trump gives hope for Iran war
US President Donald Trump on Tuesday (local time) said he hopes for an end to the Iran war soon.
"I think it’s close to over, yeah. I view it as very close to being over," Trump told Fox News as quoted by The Times of India.
Trump dials Modi
US President Donald Trump on Tuesday spoke with Prime Minister Narendra Modi, discussing the situation in West Asia.
Along with bilateral ties, both leaders emphasised the importance of keeping the Strait of Hormuz open and secure.
Modi’s X post
The Prime Minister wrote, “Received a call from my friend President Donald Trump. We reviewed the substantial progress achieved in our bilateral cooperation in various sectors.
“We are committed to further strengthening our Comprehensive Global Strategic Partnership in all areas. We also discussed the situation in West Asia and stressed the importance of keeping the Strait of Hormuz open and secure.”
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