Stock markets take winning run to 4th day as crude oil prices drop sharply; Nifty surges 1.6%

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Stock markets extended their winning streak to four days amid a sharp drop in crude oil prices, with the Indian Nifty index surging 1.6%. Foreign fund inflows contributed to market optimism, pushing the BSE Sensex up by 544.39 points to close at 78,639.03 during the trading day.

Foreign fund inflows also added to markets' optimism. Extending the winning momentum to the fourth day, the 30-share BSE Sensex jumped 544.39 points, or 0.70%, to settle at 78,639.03. During the day, it surged 800.46 points, or 1%, to 78,895.10