Stock Market Rally: 5 Key Factors Driving Sensex And Nifty Higher (File Photo)
\n\nWhat is driving the rally for the Nifty and the Sensex today? With the Sensex surging over 1,200 points and trading past 82,300; and the Nifty gaining over 300 points and trading past 25,300 (at the time of filing this copy). Experts believe easing crude oil prices and improving global sentiment as investors tracked US-Iran peace talks remain one of the most significant developments. Given below are the key factors for this market momentum that experts have highlighted.
\n\nWith Brent crude prices trading at 92 dollars per barrel, lower oil prices are particularly beneficial for India, which depends heavily on imports to meet its energy requirements. Cheaper crude can help reduce the country's import bill, ease inflationary pressures, support the rupee and improve the margins of oil-dependent companies.
\n\nInvestor sentiment has also improved amid hopes of a possible de-escalation in the US-Iran conflict. US officials are playing down the possibility of further military action against Iran helped ease concerns about disruptions to global oil supplies. The outcome of the US midterm elections has also raised expectations of greater political pressure on the Trump administration to pursue a…
Original source: https://www.timesnownews.com/business-economy
