Market Surges 255 Points on West Asia Ceasefire Hopes, Nifty Closes Near Day's High

• Stock market saw a dramatic U-turn at 12 PM after news of a potential West Asia ceasefire.
• Nifty closed up 255 points at 22,968, while Sensex gained 787 points, ending at 74,107.
• Ceasefire hopes eased crude oil pressure, reduced global tensions, and lowered inflation risk.
• Axis Bank, HDFC Bank, Trent, TVS Motor, and Senco Gold led the rally.
• Rupee strengthened to 93.06/$ due to RBI regulations curbing speculative positions.

Key Questions Answered

Will the ceasefire news continue to boost market sentiment?

Ceasefire news could continue to boost market sentiment, with analysts suggesting further gains if a ceasefire is achieved.

What impact will easing crude oil prices have on inflation?

Elevated crude oil prices are projected to push inflation beyond 6%, potentially triggering interest rate hikes.

Which sectors could benefit most from global tension reduction?

Sectors like shipping, logistics, and cryptocurrency could benefit from reduced global tensions.