Sensex, Nifty 50 Surge 5.8% Amid US-Iran Ceasefire Glow; Key Factors for Next Week
The Indian equity markets witnessed a stellar performance in the week ending April 10. The indices rose nearly 6 percent, marking the biggest weekly gain since February 2021. This strong rally was primarily fueled by the announcement of a two-week US-Iran ceasefire. Additionally, falling oil prices below US$100 per barrel and optimism surrounding West Asia de-escalation bolstered investor sentiment.The Nifty 50 spiked 1,337 points, achieving a 5.89 percent gain to close at 24,051. Similarly, the BSE Sensex rallied significantly, climbing 4,231 points by 5.77 percent to reach 77,550. Broader indices also reflected underlying strength, with the Nifty...