BusinessSensex and Nifty Rally on Crude Prices, Q2 Results, and Bond Yields
Indian equity markets rallied sharply with Sensex rising over 508 points (0.7%) to about 72,896 and Nifty 50 above 22,700. Gains were driven by easing crude oil prices, strong Q2 business updates, and lower global bond yields, boosting investor sentiment. India VIX dropped 7% to below 14, indicating reduced market anxiety. Midcap and Smallcap indices also rose, led by Private Bank and Oil & Gas sectors, while IT declined. Market breadth was positive ahead of RBI's policy decision.
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