D St Soars On Wings Of Peace And Chances Of An Oil Windfall
Economic Times
Indian markets surged on Wednesday, reversing Tuesday's losses, buoyed by falling crude oil prices and a positive sentiment from the monsoon's arrival.
Key sectors like banking and IT led the gains, with analysts pointing to expectations of discounted Iranian crude benefiting the economy. Despite mixed Asian markets, domestic investors showed strong buying, offsetting foreign outflows, as the VIX eased.
Gains in the broader markets were modest, with the Nifty Midcap 150 rising 0.1% and the Smallcap 250 gaining 0.2%. Of the 4,430 stocks traded on the BSE, 2,168 advanced and 2,101 declined.
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