Sensex jumps 550 pts from day’s low, Nifty above 22,650: Decline in oil prices among key factors behind market rally. The Sensex surged by 585.25 points or 0.78 percent from the day’s low, reaching an intraday high of 74,741.25. Similarly, the Nifty rose by 178.1 points or0.79 percent, touching 22,676.75 during the morning session. Among the top gainers were Power Grid, Bajaj Finance, Baja Finserv, NTPC, Hindustan Unilever, Adani Ports, Bharti Airtel, Nestle India, HCL Technologies, and Infosys. On the other hand, IndusInd Bank, Mahindra & Mahindr, Zomato, Titan, Larsen & Toubro, and Maruti Suzuki India were among the major laggards. The suspension of certain U.S. tariffs on Mexican and Canadian imports, along with a delay in the full imposition of tariffs, offered relief to global markets. In Asian markets, Tokyo and Seoul were trading higher, while Shanghai and Hong Kong were quoting in the red zone. The intensity of FII selling has shown signs of easing. The shooting star candlestick pattern observed on Friday signals indecision or a potential downtrend. If the market avoids slipping below 22,470, the objective of 23,000 could remain intact. Alternatively, if a downturn occurs, the support level at 22,245 will be crucial to watch.