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Indian stock markets rebounded strongly on Tuesday, with Sensex and Nifty gaining nearly 2% each after recovering from morning lows. This surge, driven by a strong rupee and positive investor sentiment, added Rs 2 lakh crore to the market capitalization. IT stocks led the gains, while India Vix saw a significant decline.
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The Indian rupee closed stronger on Tuesday, supported ​by the unwinding of residual ​arbitrage positions, while traders braced for a U.S. deadline ​to reach a deal with Iran and the Reserve Bank of India’s monetary policy decision.
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Wall ​Street’s main ​indexes opened lower ​open on Tuesday as investors assessed comments ‌from ⁠the U.S. ⁠and Iran ​for any clues on where ​the conflict was headed, before President ​Donald Trump’s ⁠deadline for ‌Iran ​to ​reopen the Strait ⁠of Hormuz.
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European shares rose on Tuesday, led by media and banking stocks, though a looming deadline for Iran to reopen the Strait of Hormuz kept investors on edge.
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On Tuesday, Sensex rose 510 points to 74,617, with six BSE 1000 stocks reaching 52-week highs, signaling strong momentum and bullish investor sentiment, suggesting potential for continued market gains.
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