By Admin 
Stock market today: Despite uncertainty on the US-India trade deal, there is still a hope about the US-Russia talks to be held this week. Meanwhile, the second trading day of the week began with a decline, where the Sensex broke 170 points and was trading at around 9:15 am, while the Nifty opened below 24,550. But, shortly after, the market with a 30 -digit Sensex climbed up more than 100 points on BSE. With this, the Nifty 50 on NSE also went beyond 24600.
On the other hand, ICICI Bank shares saw weakness, which has recently come after the announcement of the minimum balance to Rs 50,000 on the savings account. At the same time, the journey online shared about 15%.
Why the market declines?
According to Vinod Nair, the research head of Jiojit Investments, recently the market was witnessed a relief rally after touching a three -month low, mainly due to the return of foreign institutional investors and good global signs. However, uncertainty continues to have an impact on export and Indian economy due to lack of consent on tariff dispute between India and America. The market had a strong start on Monday.
Global stock market condition
Here, the US has postponed China’s plan to impose heavy tariffs on imported goods for 90 days. This tariff was to be implemented from Tuesday, but President Trump ordered to extend it by mid -November. Talking about the global market, Japan’s Nikkei closed at a record level with a gain of 2%, Australia’s ASX 200 0.13%, South Korea’s KOSPI went up 0.81% and China’s CSI rose 0.36%.
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