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West Asia war: Drop in crude oil prices, Sensex jumps 4 pc jump sharply after US-Iran ceasefire
Updated On: 08 April, 2026 01:36 PM IST | Mumbai | mid-day online correspondent
Sensex jumped 2,988.82 points, or 4 per cent, to 77,605.40, while the Nifty rose 890.35 points, or 3.85 per cent, to 24,014 and Brent crude prices fell sharply by 13.70 per cent to USD 94.44 per barrel
Analysts said the drop in oil prices is positive for India as it helps control inflation and supports the rupee. Representational Pic/File
Sensex and NSE Nifty surged sharply in Wednesday afternoon trade, tracking a strong rally in global markets and a decline in crude oil prices following the announcement of the US-Iran ceasefire, reported the PTI.
Sensex jumped 2,988.82 points, or 4 per cent, to 77,605.40, while the Nifty rose 890.35 points, or 3.85 per cent, to 24,014.
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