Share Market News: Strong surge in the stock market on the hope of resumption of US-Iran peace talks, Sensex rises 1,400 points

Mumbai: Domestic stock markets witnessed a rise on Wednesday and BSE Sensex jumped over 1,400 points on hopes of resumption of peace talks between the US and Iran. The Sensex started at 77,981.10 with a gain of 1,133.53 points. Within a short time it was up 1,422.85 points to reach 78,270.42 points. At the time of writing, the Sensex stood at 77,984.60 points, up 1,137.03 points (1.48 percent) compared to the previous trading day. The Nifty 50 index of the National Stock Exchange also opened up 321.15 points at 24,163.80.

At the time of writing, it stood at 24,184.45 points with a gain of 341.80 points or 1.43 percent. After US President Donald Trump’s statement that peace talks between Iran and the US can resume in Pakistan after two days, investors were seen enthusiastic, which led to buying in Indian stock markets along with other Asian markets.

Indices of IT, metals, public sector banks, realty and consumer durables groups were up more than two per cent. Indices of auto, private banks, FMCG, finance, media and oil and gas groups are also currently up by more than one percent. Among Sensex companies, shares of Indigo, Infosys and TCS are up by more than three percent. Shares of HCL Technologies, Eternal, Bajaj Finance, L&T, Tech Mahindra, UltraTech Cement, Tata Steel and Adani Ports are up more than per cent.