Sensex jumps 800 points; Nifty up 250:Markets rebound after Trump’s ‘War is very complete’ remark

There is a surge in the stock market on March 10. Sensex is trading at the 78,000 level with a gain of more than 500 points. Similarly, Nifty is also up by around 150 points, trading at 24,200. Today, banking, auto and FMCG shares are showing significant gains. Crude Oil falls to $89
In the global market, crude oil prices saw a major decline today, Tuesday March 10. During early trading in Asia, Brent crude prices fell by about 8.5% to $92.50 per barrel. Earlier yesterday, it had gone close to $115. Meanwhile, US oil (WTI) has also fallen by about 9% to reach $88.60 per barrel. This decline in oil prices came after US President Donald Trump’s statement where he mentioned the war would end soon. Asian shares gain US markets declined on March 9 Trump Says – War Will End Soon
This decline in crude oil prices and market rally is mainly attributed to US President Donald Trump’s recent statement. On Monday, Trump said that the current war will end ‘very soon’. His statement has reduced the uncertainty surrounding the global supply chain and increased investor confidence. However, current prices still remain about 30% higher compared to levels before the war began.