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Sensex gains over 700 points, Nifty crosses 25,900 mark
Business
Big day for Indian stocks—Sensex shot up by 727 points and Nifty crossed the 25,900 mark on Wednesday.
The surge came as investors felt upbeat, with both indices higher by midday.
Adani stocks lead the rally
A mix of good vibes fueled the rally: strong exit polls hinting at political stability in Bihar, talk of a possible US-India trade deal, and a slight drop in global oil prices.
Over 2,300 stocks advanced (compared to just under 1,400 falling), showing most investors were feeling bullish.
Adani Enterprises and Adani Ports led the gains with around 6% jumps each, while some like Shriram Finance lagged behind.