By Admin 
Stock markets ralyy: After the last trading week, a brilliant enthusiasm was seen in the Dalal Street on Monday. The Sensex showed a tremendous jump in early trade and the BSE Sensex gained 1008.25 points at around 12.20 pm to 80,220.78. Whereas, the Nifty 50 also climbed 291.80 points to 24,331.30.
In such a situation, let us know that when there was a decline in the market on Thursday and Friday last week after the incident of Pahalgam, despite geopolitical tension, Somwa has had some reason for this increase in the Indian stock market:
Reliance and Banking Stocks boom
Great weight stocks like Reliance Industries, Sun Pharma, Axis Bank shares were a major reason for the boom in the stock market. Along with this, the boom in shares of major banking and financial services companies also excited the stock market.
Reliance’s fabulous results were welcomed by investors brilliantly and after that the stock jumped about 4 percent. Whereas, ICICI Bank, Axis Bank and SBI shares showed an increase of about 2 percent.
Market flexibility
Dr. VK Vijay Kumar, Chief Investment Strategist of Jijit Financial Services, said that the Indian markets have shown remarkable flexibility amidst increasing global uncertainty. He admitted that the growing tension between India and Pakistan is likely to put pressure on the market. However, he emphasized that historically the markets have a strong ability to overcome and grow even after facing many concerns and challenges.
Investment in equity markets
Domestic investors invested Rs 17,425 crore in equity markets of the country last week. This happened due to favorable global signals and strong domestic comprehensive economic indicators. Earlier, in the week ended April 18, FPI had invested a net investment of Rs 8,500 crore. Globally, stable performance in major markets, the US Federal Reserve estimated to prevent increase in interest rates and stable US dollars strengthened Indian markets.
Himanshu Srivastava, joint director of the Morningstar Investment, said that the global trade tension further improved the perception of investors. At the domestic level, India’s relatively better older probability, softening in inflation and normal monsoon estimates increased the market confidence in investors.
Also read: Indian rupee showed power among weakened US dollars, the strongest in two years