Sensex Jumps 2,600 Points On US-Iran Ceasefire Agreement
Sensex and Nifty jumped at the opening bell on Wednesday as oil prices fell below $100 a barrel after Iran agreed to safe passage through the Strait of Hormuz. This came shortly after US President Donald Trump announced a ceasefire, stating that the United States will suspend bombing and attacks on Iran for two weeks.
BSE Sensex started Wednesday's trading session at 77,290.63, higher by 2,674.05 points or 3.58 per cent. Similarly, NSE Nifty50 opened with a gain of 731.50 points or 3.16 per cent at 23,855.15. However, the markets will also keep a close watch on RBI's repo rate announcement today. The announcement and inflation outlook are set to weigh on market sentiments.
