Sensex surges nearly 800 points as easing Middle East tensions trigger market rally
Mumbai/IBNS, July 29 -- The Indian stock market staged a strong rebound on Wednesday after ending marginally lower in the previous session, with investor sentiment improving amid positive global cues and easing concerns over geopolitical tensions in the Middle East.
The rally was supported by broad-based buying across banking, IT and auto stocks, while positive trends in Asian markets also lifted domestic sentiment.
Investor confidence improved after fears of a wider conflict in the Middle East eased, with markets reacting positively to signs that tensions in the region had not escalated further.
Market participants are also closely tracking corporate earnings, foreign institutional investor (FII) activity and developments surrounding ...
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