D-Street Shrugs Off Fresh Escalation In West Asia As Sensex Rebounds Over 500 Points, Nifty Above 24,000

Equity benchmark indices staged a strong recovery on July 9 after witnessing a sharp sell-off in the previous session as investors shrugged off renewed geopolitical tensions between the US and Iran.

At 9:55 AM, the BSE Sensex was up by 558.30 points, or 0.73 per cent, at 77,061.90, while the NSE Nifty 50 traded higher by 175.35 points, or 0.73 per cent, to 24,057.40.

Crude oil prices gained as the renewed West Asia conflict raised concerns over supply disruptions