Sensex rises 790 points as crude oil prices retreat; Nifty gains nearly 1%

India’s benchmark Sensex and Nifty rebounded by about 1% on Wednesday, with the Sensex up 790.54 points to 76,991.22 and the Nifty rising 197.55 points to 24,021.65. The move was driven mainly by a 1.69% drop in Brent crude to USD 75.78 per barrel, alongside strong buying in banking and IT stocks. The report also referenced moves in Brent, the Nasdaq, the S&P 500 and the Nikkei, but the Brent decline was highlighted as the direct trading catalyst.

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