Stock Market Rices for the Sixth Consecurave Day, Sensex Jumps By 350 Points Nifty also also crosses 24000

Share market today: The Indian Equity Benchmark Index BSE Sensex and Nifty 50 saw ups and downs on Tuesday morning. At 9:21 am, the BSE Sensex was trading at 79,319.57 with a decline of 89 points or 0.11 percent. While the Nifty was at 24,107.05 with a decline of 50 points or 0.077 %.

However, shortly after, there was a wonderful bounce in it. BSE Sensex crossed the 79,800 mark, while the Nifty was above 24,200. At 11:14 am, the BSE Sensex was trading at 79,759.86 with a gain of 351 points or 0.44 percent, while the Nifty-50 also gained 102 points or 0.42 percent at a level of 24,227.95.

On Monday, the stock market witnessed a rise in the fifth consecutive day, due to which strong purchases of stocks and continuous investment of foreign investors. Market experts believe that the market may remain in the market due to brilliant results in the fourth quarter, strengthening of the rupee against the dollar, the rise in trade talks between India and the US.

The market remained buzzing due to this on Monday

Banking shares led this boom in the stock market last week. HDFC Bank and ICICI Bank’s excellent quarter performance and repo rate cuts have increased the confidence of investors. The purchase of foreign portfolio investors (FPI) has also supported the market.

Trump-Pavel tension impacts on American market

Dr. VK Vijaykumar, Chief Investment Strategist of Geojit Investment Limited, said, “The American market, usually known as Mother Market, has better coordination with other markets. But there is no need to keep pace in this unusual situation. Tension between Trump and Pavel may affect the independence of the Fed Reserve, after this news there was a stir in the US market yesterday. ”

He adds, “Powell has clearly stated that he will think of cutting the interest rates only after seeing the impact of the US economy on the tariff.” Pavel believes that Trump has increased the tariff abnormally, there is a possibility of increasing inflation, unemployment and economic growth.

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