ET Market Watch: Sensex up 1,000 points; dollar drops, oil cools, ceasefire kicks in
Transcript
Hi, you're listening to ET Markets Radio, I am your host Neha V Mahajan. Welcome to a fresh episode of ET Market Watch, where we bring you the latest news from the world of stock markets every single day. Let's get to it:Sensex surged 1,000 points!Here's what powered Thursday's rally in just 3 points.1. Weak Dollar:Trump criticised Fed Chair Powell and hinted at replacing him.The dollar slipped, and hopes of a rate cut rose.Global money flowed into emerging markets like India.2. Ceasefire Relief:The Israel-Iran conflict eased.Oil supply fears dropped.That supported India's inflation outlook and fiscal position.3. Crude Prices Fell:Brent dropped to $67 a barrel.That eased inflation worries and lifted market sentiment.Metal stocks rose 2.3%, and banks and financials gained too.BSE market cap jumped by ₹3.3 lakh crore in a day.Bottom line?The dollar weakened, tensions cooled, and oil softened.That created the perfect storm for a bullish day.
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