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Sensex, Nifty rebound on global rally after Trump’s Iran move

Trump said on social media that he had extended the deadline for Iran to reopen the Strait of Hormuz, the strategically located shipping lane between the Persian Gulf and the Gulf of Oman, and that he would hold off strikes against Iranian energy sites for five days

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The 30-share BSE Sensex jumped 1,516 points to 74,212.47 in early trade. The 50-share NSE Nifty surged 386.95 points to 22,899.60. Representational Pic

The 30-share BSE Sensex jumped 1,516 points to 74,212.47 in early trade. The 50-share NSE Nifty surged 386.95 points to 22,899.60. Representational Pic

Equity benchmark indices Sensex and Nifty rebounded in early trade on Tuesday, in line with a rally in global markets, after US President Donald Trump announced a temporary halt on strikes targeting Iranian energy infrastructure.

The 30-share BSE Sensex jumped 1,516 points to 74,212.47 in early trade. The 50-share NSE Nifty surged 386.95 points to 22,899.60.

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