After opening on a bright note, Indian stocks gradually shed ground and slipped into negative territory around early afternoon on Wednesday but recovered swiftly and gained in strength as the day progressed to eventually end the session with strong gains.
Slightly lower oil prices, the rupee's recovery against the U.S. dollar, and optimism over a potential U.S.-Iran peace deal contributed to market's rise.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.