Sensex surges 500 points, Nifty nears 19,800 on global cues; here’s all you need to know

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Key Points

The BSE Sensex surged by 500 points, reaching 66,538, while the Nifty50 traded at 19,827, marking a gain of 136 points around 10.50.

Among Sensex stocks, Axis Bank, ICICI Bank, L&T, Wipro, and Tata Motors all opened with gains, with Power Grid Corporation opening with losses...

According to him, the key factors supporting the markets include the strength of the US economy, declining US bond yields, and the hope that the Israel-Hamas conflict will remain localized, thereby not affecting crude oil prices..

Dovish comments from US Federal Reserve officials contributed to lower Treasury yields, while market observers vigilantly monitored developments in the Middle East..

Foreign institutional investors (FIIs) continued their selling streak for the 15th consecutive session on Tuesday, selling Indian shares worth a net of Rs 1,005 crore..

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