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The Economic Times
The Economic Times
Business
Debaroti Adhikary

Why is market rising? Sensex jumps 1,000 points in 2 days, Nifty crosses 23,400. 3 key factors behind the surge

NSE Iran Oil United States Stock Market

The Indian stock market extended sharp gains for the second consecutive session on Wednesday, with Sensex recovering more than 1,000 points and Nifty crossing 23,400 as markets stood resilient despite fresh escalations in the Iran-US war.

Over these two sessions, Sensex jumped 1,010 points to hit an intraday high of 74,535 on Wednesday. Nifty meanwhile gained around 287 points to rise to 23,410 today in the afternoon. The gains over the two sessions added more than Rs 5 lakh crore to the total market capitalisation of all companies listed on BSE, pulling it up to over Rs 460 lakh crore.

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