Indian stock market crosses $5 trillion again after U.S.-Iran deal
India's stock market just crossed the $5 trillion mark again, thanks to falling oil prices after a U.S.-Iran peace deal eased worries about global energy and politics.
It's a big moment for investors and shows how quickly markets can bounce back when things calm down internationally.
BSE mid and small caps surge
Over the past four days, BSE-listed companies saw their value jump over 6%, with smaller stocks outpacing the big names.
Since April, Sensex is up 7%, but mid-cap, small-cap, and micro-cap indices have soared even higher, up to 26%.
On Wednesday alone, Sensex was trading at 77,205.70 points.
Indian investors offset foreign outflows
Even with foreign investors pulling out money, strong support from Indian investors and lower market volatility helped fuel this rally.
The Nifty 50 index also gained 95.65 points, or 0.40%, to trade at 24,084.80 as everyone keeps an eye on rupee moves and new policies that could attract more investment.