The rupee surged 78 paisa to close at 85.97 per dollar, its biggest single-day gain in a month, supported by falling oil prices and improved risk sentiment after a ceasefire between Israel and Iran.
Market Wrap: Sensex falls 142 points, Nifty holds 23,900; HDFC Bank shares tumble 3%
Indian stock market closed in the red, with benchmark indices Sensex and Nifty falling up to 0.2% as Iran-US tensions simmered and rupee declined. Broader