By Admin 
Stock Market News: The stock market has changed with a boom on the strength of Apollo Hospital’s brilliant quarterly results and strengthening of the pharma sector. The 30 -point BSE Sensex climbed 302 points to close at 80,539.91 on S&P, while Nifty 50 on NSE also trading up a gain of 131.95 points to close at 24,619.35.
Why boom in the market?
Vinod Nair, chief researcher at Jiojit Investment Limited, says that the market has seen positive trends due to the consumer price index going to the lowest level in the last eight years. Along with this, auto and metal shares have also gained momentum. Midcap’s brilliant performance has strengthened investors’s confidence in the market.
He says that the increase in the deadline of American tariff on China and the fall in crude oil prices has also supported the market globally. In such a situation, India’s growth rate and inflation rate is likely to be under control in FY 2025-26 amidst the stance on the tariff of President Trump and the uncertainty arising out of the crisis in front of the world.
Putin-Trump’s eye on meeting
Significantly, this week there is a meeting between President Trump and Russian President Vladimir Putin. Positive results are expected to yield this and the investors of Dalal Street along with India are looking at them with hopeful eyes.
Also read: With weekend in the stock market, no business will be done in these two days in August, know details
Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)