Sensex, Nifty jump over 2.5% as global conflict fears ease
Business
Sensex and Nifty jumped over 2.5% on Wednesday morning, snapping back from recent lows as worries about global conflict eased.
By 9:20am Sensex was up nearly 1,872 points at 73,819 while Nifty climbed to 22,900.
Most stocks were in the green, showing a wave of positive sentiment.
Trump comment sends oil to $105
The boost came after US President Donald Trump suggested military action against Iran could end soon, calming nerves and pushing oil prices down to $105 a barrel.
With Asian markets also rising and India's market volatility index dropping by 10%, investors felt confident enough to buy back into stocks.