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The Economic Times
The Economic Times
Debaroti Adhikary

Sensex rises over 300 points; Nifty above 24,350 as oil prices slide. What lies ahead?

Nifty NSE Oil Iran the Strait of Hormuz Geojit Investments Stock Market

The Indian stock market extended gains on Wednesday, with Sensex and Nifty trading in the green as oil prices slipped on fresh hopes that the Strait ​of Hormuz could reopen soon after Iran said it has resumed talks with Oman on managing the strategic waterway.

Sensex gained 321 points to 77,970 while Nifty 50 rose around 42 points to 24,377 on Wednesday. Broader markets also opened in the green, with Nifty Smallcap 100 and Nifty Midcap 100 indices rising to 0.45%.

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