Mumbai
US President Donald Trump has said to reduce tariffs on China. After this, the Indian stock market is also seeing a strong increase in the US and Asian markets on Wednesday. This has reached beyond 80000 Sensex. The Sensex is open at 80,142.09 against the previous closing level of 79595.59 points and is at around 9:30 pm with a strength of 544.43 points or 0.68 per cent at 80,140.02. At the same time, the Nifty is currently at 24,333.55 with a strength of 166.30 points or 0.69 per cent. The Nifty is open at 24,357.60 this morning against the closing level of 24167.25 points. Earlier, the stock market has closed up for 6 consecutive days.
NIFTY BANK Cross 56000
On Wednesday, the Nifty Bank also crossed 56000. The Nifty Bank opened at 56,097.10 against the previous closing level of 55647.20 points and went up to 56,097.10 in early trade. It is at 55,675.25 at around 9:30 pm to 55,675.25.
Trump will reduce tariffs on China
Let us know that the US stock market rose on Tuesday. On Thursday, the Asian markets also saw strength. US President Donald Trump said that he had no intention of removing American Fed President Jerome Powell, which led to a boom in the stock markets.
Investors will look at the quarterly results of LTIII, Tata Consumer Products, Bajaj Housing Finance, 360 One WAM Limited, Can Fin Holmes, Dalmia India etc.
Great boom in the market yesterday
The market was strengthened on Monday too. The Sensex rose 187 points to close at 79,595.59, while the Nifty was up 41 points to close at 24,167.25. Earlier, six consecutive business seasons had seen a boom.
Property worth 33.55 lakh crores increased in 6 days
The assets of investors have increased by Rs 33.55 lakh crore in the last six days. Since April 9, the Sensex has climbed about 5,748 points or 7.78%. Meanwhile, the market cap of listed companies in BSE has increased to Rs 4,27 lakh crore.
Support from global market
The Indian stock market has also received positive indications from the global market. On Tuesday, the US stock markets rose a tremendous rise. Dow Jones rose around 1,016 points, while S&P 500 and Nasdaq also saw a rise of more than 2.5%. The reason for this is the hope of the American Treasury Secretary, in which he said that some relief can be seen soon regarding America-China tariff.
Strong start of Asian markets too
America’s positive trend also affected the Asian markets. Japan’s Nikkei 225 and South Korea’s KOSPI also opened rapidly today, which also strengthened the domestic market.
