Mumbai
Good news has been received for those investing in the stock market. The domestic stock market saw a significant rise on Tuesday. The BSE Sensex closed at 75,301.26 with 1131.31 points i.e. 1.53%. The National Stock Exchange’s Nifty also reached 22,834.30 points with a rise of 325.55 points, or 1.45%. Shares of financial and metal companies were the biggest rise. All sectors were in green mark. The market has gained momentum due to good performance of markets around the world, improvement in domestic economy and technically strengthening of the market.
The market cap of all companies listed on this fast BSE increased by Rs 6.36 lakh crore to Rs 399.53 lakh crore. The stock market has gained momentum for the second consecutive day. Most of the 50 shares of the Nifty closed up with a rapid pace. Only Bajaj Finserv, Tech Mahindra and Bharti Airtel declined. The Nifty Smallcap 100 index gained 2.71 percent and the Nifty Midcap 100 index 2.10 percent. All sectoral index on NSE closed rapidly.
What is the reason for the boom
The Indian stock market followed Wall Street and Asian markets. The stock market in the US remained stable. But investors are still cautious about April. The tariff proposed by Trump in April is to be imposed. China is taking several steps to increase domestic demand. Investors have increased confidence due to good retailing figures in the US. The dollar fell to a five -month low of the euro and other major currencies.
Today, due to these 5 reasons
Wall street and Asian markets saw a strong rise in Indian stock markets. Due to which the Indian market has also performed strongly.
China has intensified efforts to promote domestic demand, which includes new measures like special action plan to support childcare subsidy and consumption. Due to which the dollar has come down and the Indian market has risen rapidly.
Investors’ sentiments have changed due to the increase in US retail cell data, while this figure declined in January. This figure has removed the possibility of recession.
The US dollar has reached a five -month low of a five -month low as compared to euros and other major currencies. The Indian rupee opened slightly higher at US $ 86.7625 per US dollars on Tuesday, while the previous closed price was 86.80.
The geopolitical incident has also affected the notion of the market. US President Donald Trump has announced a plan to talk to Russian President Vladimir Putin about the possible ceasefire proposal for Russia-Ukraine War.
These shares climbed up to 20%
One Mobikwik System Share, one Mobikwik System, climbed 20 percent to close at Rs 297 today. Triveni Tarbine shares today climbed 14 percent, Raymond’s shares 16 percent, Finolex cable shares climbed up to 11.58 percent today. In addition, Jomato shares have seen more than 7 per cent rise. At the same time, there was a rise of 16 percent in the shares of Ola Electric Mobility.
What is technical chart giving hints
Market expert believes that Nifty has a movement at 22,350 and Sensex at 73,800. Nifty can support 22,800 and Sensex 75,300. If the market is closed for a few days on top of this, then it can be good signs for investors.
