Economy · India
Indian Stock Markets Surge Amid Trade Deal Hopes and IT Gains
Indian stock markets experienced a significant surge on October 21, with the benchmark Sensex rising over 400 points and the Nifty IT index gaining nearly 3 percent. This upward movement occurred after three consecutive sessions of losses, during which both Nifty and Sensex had declined approximately two percent each. The market sentiment was influenced by hopes of an India-US trade deal and a surge in Brent crude oil futures to $113.5 a barrel. In a separate, highly volatile event, the Sensex reportedly swung over 2,200 points in just four minutes due to "CAS chaos."
How outlets across the spectrum covered it
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- Centre (3): Hindustan Times, Telangana Today, The Financial Express
- Right (1): Times Now