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Ep-1300 | Stock Market News #dailymoneyshow
Original: Ep-1300 | stock market news #dailymoneyshow
Takeaway
BJP's projected wins in three states and softer US-Iran rhetoric drove the rally, but Strait of Hormuz risk to energy supplies is unresolved.
Summary
- Sensex rose 355 points to 77,269 and Nifty added 121 to 24,019; mid-cap +0.62%, small-cap +1.07%, Bank Nifty flat
- Five state election results: BJP set for clear majority in West Bengal, Puducherry and Assam, viewed as a 'semi-final' before 2029 general elections
- Analysts estimate BJP's West Bengal win could lift state spending and add up to 0.5% to GDP
- Trump tweeted he is reviewing a fresh Iran proposal and that the US will help safely release third-country ships stuck at the Strait of Hormuz
- Crude oil supply uncertainty persists until US-Iran deal is finalized; energy supply chain still at risk
Daily Money ShowState ElectionsBJPUS-Iran WarCrude Oil
Original description
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