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Stock markets rally for 4th day; Sensex jumps over 500 points

Mumbai, Apr 7 (PTI) Stock market benchmark indices Sensex and Nifty ended higher on Tuesday, as a drop in crude oil prices and a rally in global markets calmed investors’ sentiment. Also, buying in IT stocks aided recovery in the markets after early losses. The 30-share BSE Sensex jumped 509.73 points, or 0.69 per cent, to settle at 74,616.58. During the day, it hit a high of 74,686.32 and a low of 73,282.41, gyrating 1,403.91 points. The 50-share NSE Nifty climbed 155.40 points, or 0.68 per cent, to end at 23,123.65. From the 30-Sensex firms, Tata Consultancy Services, HCL Tech,

Rupee falls 10 paise to close at 93.00 against US dollar

Mumbai, Apr 7 (PTI) The rupee depreciated 10 paise to close at 93.00 (provisional) against the US dollar on Tuesday, as investors remained on edge ahead of US President Donald Trump’s deadline for the opening of the Strait of Hormuz and the Reserve Bank’s monetary policy review. Forex traders said the USD/INR pair is trading under pressure, dragged down by unabated withdrawal of foreign capital, a firm dollar, and higher crude oil prices amid a volatile geopolitical situation. Moreover, market participants will remain watchful of evolving geopolitical headlines and the upcoming RBI monetary policy decision. At the interbank foreign exchange

Pakistan’s efforts to end West Asia war approaching ‘critical’ stage: Iran’s envoy

Islamabad, Apr 7 (PTI) Pakistan-led peace efforts to end the US-Israeli war against Iran were approaching a “critical” stage, Iran’s envoy to Islamabad said on Tuesday. Ambassador Reza Amiri Moghadam’s comments came amid reports that Pakistan was making hectic efforts to bring the US-Iran conflict to an end by arranging a ceasefire and following it up with detailed talks. Pakistan’s “positive and productive endeavours in Good Will and Good Office to stop the war is approaching a critical, sensitive stage…,” the Iranian diplomat said in a post on X. Pakistan positive and productive endeavours in Good Will and Good Office

Israel refrains from striking Lebanese-Syrian border crossing after mediation efforts, source says

BEIRUT, April 7 (Reuters) – The Israeli military has refrained from striking a key border crossing between Syria and Lebanon after both pressed the U.S. on the ​need to keep it open, a Lebanese source familiar with ‌the matter said on Tuesday. The Israeli military on April 4 issued a warning for the Masnaa crossing, the main border point between Lebanon and Syria, saying it would ​strike it “in the near future” because Lebanese armed group Hezbollah was using ​it to smuggle weapons. The crossing has been used by both Lebanese ⁠and Syrians fleeing the expanding war in Lebanon, where

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