Bulls return to D-Street as falling oil prices ease geopolitical jitters

May 7, 2026

Indian stock markets experienced a significant rally on Wednesday. Both the Nifty 50 and S&P BSE Sensex saw gains exceeding 1 percent. This surge followed a sharp drop in oil prices due to potential US-Iran accord news. Easing tensions boosted investor confidence, leading to a broad market uplift. Volatility also decreased, indicating reduced near-term risk.

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Vikas Khemani’s Carnelian Asset Management files draft document with Sebi for its first fund

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