Stock market today: Nifty 50 settles above 24,309, Sensex surges 900 points snapping three-day losing streak

Stock market today: Domestic equity benchmarks Sensex and Nifty 50 snapped their three-day losing streak on Wednesday, August 7, tracking strong global cues and a recovery in global markets. The 30-share BSE benchmark surged 900 points and the NSE Nifty settled above 24,300. The indices began Wednesday on a positive note, following the trend set by other Asian markets, as traders re-evaluated concerns about a US recession. Additionally, domestic real estate stocks surged after the government eased its recently introduced property tax regulations.