Stock Market Today (November 11): Sensex, Nifty Rise As Oil Prices Cool On Iran Peace Hopes
\n\nBoth the Nifty and the Sensex began the trading day on a firm note. The Nifty gained over 250 points and opened at 25,337.80 and the Sensex surged over 1,000 points and opened at 82,248.68. All sectoral indices witnessed significant gains in early trade. The Indian rupee opened at 93.72 to the dollar versus Monday's close of 93.93 to the dollar. Crude oil prices eased, with Brent crude trading at 92 dollars per barrel (at the time of filing this copy).
\n\nWhile US President Donald Trump has described the Iran war as "militarily effectively over" and indicated that further strikes are unlikely, Tehran has disputed claims of ongoing negotiations with Washington. Iran’s security chief Mohsen Rezaei has said no talks are currently underway, highlighting differences between Washington’s assessment of diplomatic progress and Tehran’s public position. Independent market analyst, Ambareesh Baliga told Times Now Digital, "again we see and read conflicting statements on the West Asia issue due to which oil prices have bounced back a bit. This could limit the run away rally of last week, however, still hopeful of an early resolution."
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Original source: https://www.timesnownews.com/business-economy
