Sensex, Nifty rise on ceasefire hopes; L&T drags as IndiGo, M&M lead gains
Indian equity benchmarks Sensex and Nifty 50 rose on Wednesday, driven by easing crude oil prices and improving global sentiment after US Secretary of State Marco Rubio declared that 'Operation Epic Fury is concluded'. The Sensex was up 553.72 points or 0.72 per cent at 77,571.51, while Nifty 50 gained 173.85 points or 0.72 per cent to 24,206.65.
Indian equity benchmarks opened higher on Wednesday, driven by easing crude oil prices and improving global sentiment. The Sensex was up 553.72 points or 0.72 per cent at 77,571.51, while Nifty 50 gained 173.85 points or 0.72 per cent to 24,206.65. The rally followed Wall Street's record-setting session overnight, with S&P 500, Nasdaq, and Dow Jones closing at fresh highs. IndiGo parent InterGlobe Aviation and Mahindra & Mahindra were among the top gainers on the Nifty 50. Larsen & Toubro was the sharpest loser, falling 3.19 per cent ahead of its results. Crude prices fell, with Brent crude down 1.67 per cent to around $108 per barrel and WTI crude slipping 1.80 per cent to $100.43.
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