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.
