Market close: Nifty 50, Sensex snap three-day losing run; investors earn nearly ₹2 lakh crore in a day
Nifty 50 today: Key equity indices the Sensex and the Nifty 50 ended with gains on Tuesday, snapping their three-day losing run, on widespread buying across various sectors amid positive global cues. While the Israel-Hamas conflict endures and concerns about its potential spread to other nations persist, investors appear to have shifted their attention towards corporate earnings and macroeconomic indicators.
The market is hoping that the ongoing Israel-Hamas war will remain confined to its current boundaries and will not spread to other countries. According to a Reuters report, "US President Joe Biden will visit Israel on Wednesday.
After visiting Israel, Biden would travel to Jordan to meet King Abdullah, Egyptian President Abdel Fattah al-Sisi and Palestinian Authority President Mahmoud Abbas." Market analysts believe this may deter Iran and the Lebanese militant organisation Hezbollah from any potential involvement in the ongoing conflict. “Stocks edged higher and bond prices slid on Tuesday as markets continued to retrace last week's moves to safe-haven assets, focusing on corporate earnings prospects and the resilience of the U.S.
economy rather than tensions in the Middle East," rported Nifty 50 closed the day at 19,811.50, up 80 points, or 0.40 per cent while the Sensex closed the day at 66,428.09, up 261 points, or 0.39 per cent. (More to come)"Exciting news! Mint is now on WhatsApp Channels
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