By Admin 
Indian Stock Market Rally Reasons: The Indian domestic market is witnessing a rise for the third consecutive day on Wednesday, March 18. There is a strong rise in the major benchmark indices BSE Sensex and Nifty 50.
At around 12:50 pm, Sensex jumped by about 679 points to the level of 76,750, while Nifty 50 was trading at 23,785 points with a gain of 203 points. Amidst the situation arising in the Middle East, recovery is visible in the Indian market. Let us know, what is the reason behind this rise?
Market got support from buying in IT shares
The IT sector played an important role in this rise in the stock market. Today, investors have bought heavily in these shares which have been falling for the last few days. The effect of this was that the Nifty IT index rose by about 2.5 percent. Besides, the trend of decline which had been going on for 6 consecutive days also stopped.
During this period, shares of many IT companies saw a rise of more than 3 percent. Investors’ confidence has worked to support the market.
Strong signals are coming from global level
Positive signals are being received from global markets including the domestic market. Talking about Asian markets, South Korea’s Kospi index jumped by about 4 percent.
At the same time, Japan’s Nikkei 225 index jumped 2 percent. American markets also closed on a positive note on the last trading day. Overall, the signals coming from the global level have worked to propel the Indian market forward.
Market gained confidence due to fall in India VIX
On Wednesday, the India VIX index, which measures market volatility, fell by about 5 percent to 18.84. This indicates that compared to the past days, investors’ worries have reduced a bit and the atmosphere seems more calm than before.
When the VIX falls like this, it usually means that fear in the market is decreasing and people are becoming more willing to invest.
Crude oil prices are stable
There has been a decline in the prices of crude oil today. The price of Brent crude slipped by about 1.46 percent and reached $ 101.9 per barrel. After this news, the worries of investors reduced and the market got support.
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