Stock Market Live Updates: Nifty50 ends above 24,300; BSE Sensex rises over 900 points as crude oil prices drop on US-Iran peace talk hopes

Stock Market Live Updates: Nifty50 and BSE Sensex rallied in trade on Wednesday to close in green as oil prices dropped. Stock markets have been under pressure, weighed down by high crude oil prices, and a falling rupee. Chart indicators point to continued weakness, with the Nifty staying below its 50-day EMA for eight straight sessions, reinforcing the prevailing downtrend. However, the broader trend remains constructive as long as the Nifty holds above 23,800, though some consolidation in the near term cannot be ruled out, say analysts. Oil prices declined for a second consecutive session, as expectations built that supply disruptions from the Middle East could ease if a peace deal materialises. Track TOI’s coverage on Sensex and Nifty: