$IBN

ICICI BANK LTD

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Sensex surges 1.1k pts on renewed US-Iran talks

Indian stocks rose to a two-week high on Monday as renewed US-Iran peace-talk signals lowered oil prices. Trump said Washington and Iran had largely negotiated an MoU to reopen the Strait of Hormuz. Brent fell 5.5% to $97.8/bbl. Nifty gained 1.3% to 24,032 and Sensex rose 1.4% to 76,489. Financials led; HDFC Bank and ICICI Bank jumped. OMCs rose after petrol and diesel price hikes.

Stock Markets Surge as Crude Oil Dips Below $100 Amid US-Iran Deal Hopes

Indian equities rose in early trade as crude oil fell below $100 and global sentiment improved on US-Iran deal hopes. The BSE Sensex gained 908.98 points to 76,317.85 and the NSE Nifty rose 262.65 to 23,977.70. Brent dropped 5.58% to $97.76/bbl. FIIs sold Rs 4,440.47 crore of equities on Friday, exchange data showed.

ICICI Bank, L&T drag Nifty below 24,050; Sensex falls 252 points as rupee hits record low

Indian equity benchmarks closed lower on Tuesday, with the Nifty falling below the 24,050 mark and the Sensex declining by 252 points. This downturn was primarily driven by major drags from ICICI Bank, Larsen & Toubro, Bharti Airtel, and HDFC Bank. The rupee also hit a record low against the US dollar, while Mahindra & Mahindra and other mid-cap stocks showed significant gains.