Sensex, Nifty Surge on Ceasefire Agreement

Sensex, Nifty Surge on Ceasefire Agreement

The Sensex and Nifty surged nearly 4% on Wednesday, following the announcement of a ceasefire agreement between Washington and Tehran. The Sensex skyrocketed 2,946 points to close at 77,563, while the Nifty jumped 874 points to settle at 23,997. The gains were led by oil stocks, which declined following the announcement of the ceasefire agreement. The agreement has been hailed as a major breakthrough in the region, and has been welcomed by investors and analysts. The Sensex and Nifty have been volatile in recent weeks, but the surge on Wednesday suggests that investors are optimistic about the Indian economy.