Stock Market Today: Bazaar bounced on India-US trade, Sensex rises 400 points, these stocks strengthened

Stock Market News: The market witnessed a boom on Wednesday, amidst US President Donald Trump’s statement of continuing business talks with India. In the beginning, the 30 -digit Sensex climbed 300 points on BSE at around 9.30 am. At the same time, the Nifty is doing business by going above 24,900. The shares of Adani Ports and L&T have recorded a 2 percent increase. On the other hand, the Indian rupee today rose by Rs 2 to 88.13 against the US dollar during early trade.

Dr VK Vijay Kumar, Chief Investment Strategist of Jiojit Financial Services, says that the biggest reason for the positive trends shown in the market today is to improve the Indo-US relations, the steps taken by President Trump and PM Modi’s positive answer on it. However, the kind of experience has been, after that the market should be tested by Trump’s footsteps and not from the statements made by them.

Asian market also boom

Global markets are also seeing strong support at the domestic level. On Wednesday, Nikkei of Japan rose up with a gain of 0.21 percent. Hong Kong’s Hangseng rose 0.39 percent, South Korea’s Kospi 1.3 percent and China’s CSI 300 index rose 0.27 percent.

Apart from this, America markets also saw a boom. Dow Jones closed down 0.43 percent. S&P closed last night with a gain of 0.27 percent and Nasdaq 0.37 percent.

All major stocks in the green zone

The Indian market is getting stronger for the fifth consecutive day between the GST reform and the ongoing business talks between India and America. With the great performance of IT Stocks, all the major 16 sectors are trading in the Green Zone. Also, the small cap and mid -cap index have also increased by 0.5 percent.

Also read: Another step of Trump administration made heavy trouble for India, this industry is going to be in danger

Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)