Indian Stock Market Surges Amid Iran-US Ceasefire Relief
The Indian stock market experienced its best week in five years, driven by positive sentiment following a ceasefire in the West Asia war. The S&P BSE Sensex rose by 918.60 points, closing at 77,550.25, while the NSE Nifty50 gained 275.50 points, ending at 24,050.60. Lower crude oil prices and expectations of a concrete truce deal contributed to the bullish trend. Major gainers included Asian Paints Ltd and ICICI Bank Ltd, while IT stocks like Infosys Ltd and Tata Consultancy Services Ltd saw declines.