By Admin 
Share Market: There was a lot of ups and downs in the Indian stock market today. The stock market opened in red mark in the trading session on Thursday. At 9:39 am, the Sensex fell 368 points or 0.45 % to reach the level of 80,962. While the Nifty was trading at 24,568 with a weakness of 98 points or 0.40 percent.
Nifty reached beyond 25,000
However, after noon, business in the stock market again gained momentum. The Nifty 50 reached 25,099 with a jump of 432 points or 1.75 %. Similarly, BSE Sensex also went into the range of 82,697 with a gain of 1,366 points or 1.68 percent.
This is the first time Nifty 50 has crossed the level of 25,000 during trading after October 17, 2024. At the end of the trading, the closing of Nifty 50 took place at 25,062.10 with an increase of about 400 points or 1.60 %. The BSE Sensex closed at 82,530.74 with a gain of 1,200 points, which is equal to a rise of 1.48 %.
The reason for the boom in the stock market
Today, this boom in the Indian stock market includes the reasons for the best performance of financial, technology and automotive sector as well as the announcement of Trump on America’s zero tariff approach on American imports. Due to this boom in business, the total market cap of listed companies in BSE today increased by Rs 5.05 lakh crore to Rs 439.94 lakh crore.
According to the ET report, if we talk about sectoral performance, then the Nifty Financials gained 1.3 percent, the automotive sector increased by 1.9 percent, the IT sector rose by 1.2 percent and increased by 1.7 percent in the metal sector. During this time, mid -cap and small cap stocks also gained a lead of about 0.7 percent.
India talks about reducing tariff gap
Let us know that on Thursday, US President Trump said in Doha that India has offered zero tariffs on American imports. That is, no import duty will be imposed on import of American goods in India. However, no official confirmation of this news from India has been made yet.
Earlier, while talking at an event in Michigan, Trump had said that the talk on tariff with India is going well. There is a possibility of a deal soon. According to the Reuters report, India has offered the US to reduce its tariff gap from about 13 percent to reduce 4 percent. This proposal for a decline of 9 percent in the tariff gap is an important attempt in India to enhance its trade policies with its big trading partners in the world.
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