Mumbai
After a strong fall on Monday, there has been a stormy boom in the stock market today. The BSE Sensex is trading by climbing more than 1700 points, while the Nifty is seeing a rise of 500 points. Sensex up to 1:30 PM was at 74,800 and Nifty at 22,650. This boom in the market has come before the decision of RBI’s MPC meeting.
It is expected that the Reserve Bank of India (RBI) can cut the repo rate by 25 basis points. With the boom in the market, the BSE market capitalization has also risen and it has increased by Rs 4.61 lakh crore to crossing Rs 393.86 lakh crore. Nifty Consumer Durable Index has increased by more than 2 percent in metal, realty and finese sector. India Vix has fallen 10.2% to 20.47.
Why stormy boom in the market?
Due to the huge bounce in the US and Asian markets, the Indian market is also seeing a boom. Especially IT stocks are seeing a boom. At the same time, Nikkei of Japan has risen 5.6 percent.
The decisions of RBI MPC meeting are coming on April 9, in such a situation, it is expected that the repo rate may decrease by 25 percent. With which the market remains true.
After a big fall on Monday, investors have shopped fiercely, due to which the Nifty and Sensex are seeing a boom. Big investors are also including good stock on this dip in their portfolio.
Crude oil prices have declined. It has come below $ 65 per barrel. Which is the lowest level of August 2021. Trump’s tariff has led to a big decline.
All of the BSE top 30 shares were trading in the green zone. Zomato and Titan shares have more than 4 percent of the faster. At the same time, shares of SBI, LT and Asian Paints have increased by 3 percent.
Today’s top gainer
Five star business shares have gained 7 percent. PG Electropast’s stock has gained 6.36 per cent, 5 per cent in Kaynes Technology shares, 6 per cent in policy market shares, 6 per cent in LIC Housing Finance and 5 per cent in Bikeon shares.
