Key Highlights:
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Market Rally & Macroeconomic Boost
The Sensex ended sharply higher, breaking a three-day losing streak with a surge of around 555 points. The Nifty also pushed above the 24,600 mark, as investors cheered robust GDP figures and a partial reprieve from U.S. tariffs. -
Relief from U.S. Tariff News
A U.S. court ruling recently declared several Trump-era tariffs illegal—though they remain in force until mid-October—offering some relief to export-dependent sectors. -
Corporate Sentiment & Forex Movement
Notable stock performance backed the rally—PG Electroplast jumped 3% following a ₹1,000 crore investment. In contrast, the rupee weakened slightly, trading around 88.26 to the U.S. dollar in early trade