Mumbai
On the one hand, while India-Pakistan ceasefire took place, on the other hand, the first trading day of the week was seen in the Indian stock market on Monday, the biggest intra-day rally of four years was seen in the Indian stock market. The 30 -share Sensex of the Bombay Stock Exchange was closed at the level of 82,429.90 with a strong jump of 2975 points when the market was closed after trading at a day after trading at a day, while the National Stock Exchange’s Nifty was raised 916 points to close close to 25,000. During this time, shares from largecap to mid and smallcap companies rose and shares ranging from Reliance to HDFC Bank.
Gadar created as soon as Sensex-Nifty does not open
On Monday, signs of boom in the stock market were already being received. After a boom in Asian markets, BSE Sensex started trading at the level of 80,803.80, with more than 1500 points from its previous closed 79,454.47 and then it increased throughout the day. At the end of trading in the market, the Sensex rose 2975.43 points or 3.74% to 82,429.90.
Like Sensex, the Nifty-50 also maintained the initial speed and climbed up to 24,420 as compared to its previous closed 24,008 and in a short time it showed 582.75 points and trading at 24,593.75, trading at 24,593.75, ran like a rocket in the last hour of trading in the market. NSE Nifty finished trading at 24,924.70 with a rise of 916.70 points or 3.82%.
No 10, then a share ran 20%
Talking about the most fleeing stocks in the market rally, in largecap companies, Infosys Share (7.91%), HCL Tech Share (6.35%), Tata Steel Share (6.16%), TCS Share (5.17%), Reliance Share (4.27%) and HDFC Bank Share 4.27% Climbed and closed. Railways involved in midcap companies closed with a jump of RVNL Stock (11.02%) and First Cry Share (9.28%). In the smallcap category, Maninds Share (20%) and Bajaj Electric Share (14.92%) closed down.
5 big reasons for market boom
If we talk about the five major reasons for the boom in the market, then the biggest reason is the ceasefire in India and Pakistan. Apart from this, the second reason for the trade deal in US-China and the end of the global trade war also gave the market speed. Third reason, Indivix index fell 20% in the stock market by the past, which is a sign of the market being reduced, which provided relief to investors and purchased fiercely. The fourth reason was the results of the vigorous March quarter (Q4 Results) being offered by all companies. At the same time, the fifth reason was FPI, the market’s sentiment has improved due to the investment of around Rs 14,000 crore so far in the month of May.
There was a big decline on Friday
In the last two business days of the last week, the Indian stock market had seen a decline and on Friday, BSE Sensex started trading at the level of 78,968, slipping compared to its previous closed 80,334.81 and kept trading in the red zone throughout the day. Although the market closed down, it declined a bit, yet the index finally slipped to 880.34 points or 1.10 per cent to close at 79,454.47. At the same time, like the Sensex, NSE NIFTY also closed at 24,008 with a decline of 265.80 points or 1.10% on the closure of trading in the stock market.
Market got boost after ceasefire
After Indo-Pak Ceasefire, the stock market got boost. Meanwhile, Asian markets also traded rapidly. Let us know that on April 22, the Tension between India and Pakistan reached the peak since the terrorist attack in Pahalgam Terror Attack in Pahalgam, Srinagar. After this, Operation Sindoor, who was run by the Indian forces, retaliated, caused huge devastation in Pakistan and Pok, in which 9 terrorists were destroyed. After this, Pakistan fired on the border and attacked a drone and missile, on which he was attacked by India and brought it to his knees.
In the midst of this increased tension, where the Pakistani stock market was seen having a Crash every day, there was a continuous decline in the last two days of the week in the Indian stock market. However, now the ceasefire between India-Pakistan has been ceased and its effect is clearly on the Indian market including Asian.
