Stock market today: Sensex and Nifty50 rallied strongly in trade on Wednesday after optimism surrounding renewed US-Iran peace talks led oil prices to drop. While Nifty50 went above 24,200, BSE Sensex rose over 1,200 points.
Trump is attempting to rebuild his tariff regime using alternative legal avenues after the court ruled that his earlier reliance on emergency powers to impose duties was unconstitutional.
Tamilaga Vettri Kazhagam president Vijay’s rally in Tiruppur was cancelled after at least 15 supporters collapsed due to severe heat and overcrowding. The decision was made following police advice to prevent a repeat of the Karur stampede, with Vijay departing for Coimbatore.
A devastating fire ripped through a Rohini shanty settlement early Wednesday. A couple and their three-year-old daughter perished in the blaze. Firefighters battled the flames for hours. The fire spread rapidly due to plastic waste. Several shanties were destroyed. Investigations into the cause are underway.
Oil prices dipped for a second day as hopes for US-Iran talks eased supply worries. Brent crude futures fell to $94.27, and WTI to $90.24, though later saw a slight uptick. Diplomatic signals suggest negotiations might restart, potentially impacting flows through the Strait of Hormuz.
