By Admin 
Stock Market Today: There was a strong rise in the Indian stock market after the Supreme Court of the United States rejected President Donald Trump’s tariff decision. On Monday, the first trading day of the week, BSE Sensex rose 479.95 points and closed at the level of 83,290.81. At the same time, Nifty 50 reached 27,713 with a gain of 141.75 points.
strength in stock market
Analysts believe that reduced uncertainty regarding US tariffs gave positive signals in the global markets, the effect of which was visible on the Indian market as well. Investor sentiment strengthened and the buying environment persisted. Due to increasing global concerns regarding Artificial Intelligence (AI), IT sector shares were under pressure. However, investors showed confidence in domestic demand-driven sectors.
Buying continued due to positive sentiment in banking, power, FMCG and consumer stocks. Also, the market got support from the expectation of the country’s economy moving forward on a strong growth path. Adani Ports and Special Economic Zone Limited, the major gainer, had the biggest rise and rose up to 2.98 percent. Kotak Mahindra Bank was up 2.22 percent. UltraTech Cement strengthened by 1.55 percent. Power Grid Corporation of India rose 1.49 percent.
decline in these shares
Axis Bank recorded a gain of 1.34 percent. Among the major falling stocks, Infosys was the biggest loser and slipped 1.80 percent. Tech Mahindra fell 1.06 percent. Trent Limited fell 0.83 percent. HCL Technologies weakened by 0.74 percent. Bajaj Finserv recorded a decline of 0.53 percent. Overall, despite weakness in IT stocks, strength in domestic demand-driven sectors kept the market balanced.
Vinod Nair, Research Chief, Geojit Investments Limited, says that the decision of the US Supreme Court has been welcomed positively by the domestic market. Investors are now awaiting clarity on the Donald Trump administration’s revised tariff strategy and possible new trade agreements with other countries. According to Nair, global markets may see a cautious trend in the near term due to weakness in the US dollar and fall in 10-year bond yields.
However, despite the overall rise in the market, selling in shares of information technology (IT) companies continued, due to which the IT index remained under pressure. The impact of possible disruption from Artificial Intelligence and uncertainty about future demand is clearly visible on the IT sector.
Also read: After Donald Trump got a blow from the Supreme Court, America has now taken this step, know what effect it will have on the world
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)