Buying support boosts indices; gains continue for the third consecutive day
Domestic indices, which had traded with gains for the past two days, opened on a positive note on Wednesday as well. The restoration of peace in West Asia and the clearing of the path for smooth oil supplies from the Strait of Hormuz injected optimism into international markets. A decline in crude oil prices and the strengthening of the rupee against the dollar (trading at 94.32) further bolstered domestic indices. Against this backdrop, the Sensex and Nifty are trading with gains for the third straight day.
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