Stock market news, April 20 -- The equity benchmarks Sensex and Nifty 50 rose over 6 percent in the past four trading sessions due to a temporary halt in tariffs by the US, the return of foreign investors to the domestic market, and forecasts for above-normal rainfall during the upcoming southwest monsoon season, all of which boosted investor confidence. Additionally, a drop in retail inflation to its lowest level in nearly six years has amplified expectations for a potential third interest rate cut by the Reserve Bank of India (RBI), as noted by market analysts.
In the last four trading days, the BSE benchmark index increased by 4,706.05 points, or 6.37 percent, while the Nifty 50 gained 1,452.5 points, equivalent to a 6.48 percent rise...
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