By Admin 
Share Market Today: The stormy rise of the stock market still continues. Sensex is trading at the level of 77450 with a huge gain of about 2833 points or 3.8 percent. Similarly, Nifty has also jumped by 821 points or 3.5 percent and is now above the level of 23900. Due to the tremendous rise in the stock market today, the wealth of investors has increased by about Rs 15 lakh crore.
Let us tell you that after Trump’s ceasefire announcement on April 8, a historic rise is being seen in the Indian stock market. In the morning, BSE Sensex opened at 77290 with a jump of about 2674 points. Nifty also started trading at the level of 23855 after a tremendous rise of 761 points or 3.61 percent.
Today’s top performers
- IndiGo’s shares have jumped by 10 percent in anticipation of reduction in ATF cost due to cheaper oil.
- In anticipation of Trump’s ceasefire proposal and the hope of reducing tension in the Middle East, the shares of leading infrastructure company Lorsen & Trubo (L&T) are up by 8 percent.
- Banking sector shares like HDFC and ICICI are also seeing a rise.
Ceasefire between America and Iran
Trump has postponed the attack on Iran for two weeks. He wrote on ‘Truth Social’ that this decision has been taken on the condition that Iran now agrees to open the Strait of Hormuz completely, immediately and safely. On the other hand, Iran’s Foreign Minister Abbas Araghchi, in a post on social media platform
Asian market
There is tremendous excitement being seen in the Asian markets today after US President Donald Trump agreed to postpone the attacks on Iran for two weeks and due to this there was a huge fall in the prices of crude oil. A jump of 1.79 percent was seen in Japan’s Nikkei 225, while a rise of 1.69 percent was recorded in Topix. South Korea’s Kospi also rose by 5.99 percent and small-cap Kosdaq rose by about 5 percent.
wall Street
After the huge fall in crude oil, there was a rise in American stock futures. A spectacular gain of 967 points or 2.1 percent was seen in Dow Jones Industrial Average futures. S&P 500 futures registered a jump of 2.1 percent and Nasdaq 100 futures are trading up 2.3 percent.
price of crude oil
West Texas Intermediate crude futures fell 14 percent to $ 97.49 a barrel, which is below the psychological level of $ 100. This means that the market no longer has any immediate fear of war. Brent crude futures fell 13 percent this morning to $95.63. Crude prices have fallen by 13.33 percent on COMEX and it is trading at $ 97.890 per barrel.
repo rate
The Reserve Bank of India (RBI) has kept the repo rate constant at 5.25 percent. This is in line with market expectations. Due to this, the sentiment of investors in banking and home loan sector remains positive due to non-increase in EMI. This is also one of the reasons for today’s rise in the stock market.
Also read:
Crude Oil Price Crash: An announcement by Trump and in one stroke the price of crude oil fell below 100 dollars, know the latest price.