Share Market: After domestic and international developments on Saturday and Sunday, the stock market opened up on Monday. During this period, the total market cap of all companies listed in BSE increased to Rs 427.84 lakh crore. While it closed at Rs 416.52 crore in the last business session. That is, as soon as the market opened, investors earned Rs 11.32 lakh crore.
The first trading session of the week started with firmness. The BSE Sensex rose 2,015.54 points or 2.54 percent to 81,470.01. While NSE’s Nifty 50 index rose to 24,633.60 with a jump of 625.6 points or 2.60 percent. India Vicks has fallen more than 20 percent to 17.21 points. The performance of BSE midcap and smallcap index is also fantastic. There has been an increase of 3-3 percent of them. Now let us know what are the special reasons behind this boom in the market-
Cewper between Indo-Pak
The first reason is the ceasefire between India and Pakistan. Both countries have agreed to the ceasefire by reducing tension on the border. There can be talk again today between the DGMOs of the armies of the two countries. According to a Business Today report, Prashant Tapse, Senior VP (Research) of Mehta Equality, said that the benchmark indices are likely to boom due to some extent the case between India and Pakistan.
Trade agreement between America-China
The second big reason is the talk on the trade agreement between the US and China. US Treasury Secretary Scott Besant and Trade Representative Jamison Greer said on Sunday that the US has reached the trade agreement with China after a high -level talks in Geneva. It is expected to be told in detail today.
Prime Research Head of HDFC Securities, Devarsh Advocate said that the announcement of the trade agreement between the US and the UK and the talks between the US and Chinese officials on the trade deal between the US and the US officials strengthened investors’ sentiments due to reduced tariffs and boosting business in the coming time.
Russia-Ukraine on the path of war ending
The war between Russia and Ukraine for the last two and a half years is also expected to come to an end soon. Russian President Vladimir Putin has agreed to talk on the issue of Ukraine on Ukraine’s counterpart Volodimir Jailonsci in Istanbul, Türkiye on 15 May. If the war between these two countries also stops, then geopolitical concerns will be somewhat less.
Premature monsoon
The Indian Meteorological Department (IMD) said on Sunday, 11 May that the southwest monsoon is expected to reach Kerala on May 27 before the general date of June 1. That is, this indicates a possible increase in sowing of kharif crop ahead of time, which is a good sign for India’s rural economy.
Control
The market is eyeing major economic indicators such as the Consumer Price Index (CPI) and the wholesale price index (WPI). People believe that inflation will decrease further in the coming time. With the consumer price index (CPI) released on Tuesday, investors will be eyeing the prices of things in April, due to which the issue of inflation is going to be in the focus.
Foreign investors trust
Even amidst Indo-Pak tension, foreign investors were strengthened on the country’s stock markets. This month FPIS has invested Rs 14,167 crore in heavy shares.
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After ceasefire, the market swung, the Sensex jumped 2200 points, it rained 10 lakh crores in 10 seconds