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The BSE Sensex surged more than 2,600 points and the Nifty 50 rose over 3 per cent in early trade.
The Sensex surged over 2,600 points and Nifty 50 rose more than 3% in early trade.
KEY POINTS
- A ceasefire involving Iran led to a steep decline in global crude oil prices.
- Lower crude prices have improved India's inflation outlook, currency stability, and corporate profitability.
- ONGC and Coal India shares declined due to the negative impact of falling oil prices on upstream companies.
- Investor attention is now focused on the Reserve Bank of India's policy statement for inflation and growth cues.
COMPANIES
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