Stock Market Today: BSE Sensax increases more than 500 points, crosses the level of 80,000; Nifty50 above 24,300
Stock Market Today: BSE Sensx and Nifty 50, Indian Equity Benchmark Index opened in Green on Wednesday. While BSE Sensex moved above 80,200, Nifty50 was above 24,350. At 9:21 am, BSE Sensx was trading at 80,140.02, up to 544 points or 0.68%.Nifty50 24,326.10, 159 points or up to 0.66%.
The Indian equity markets ended positively on Tuesday despite the global market uncertainty, supported by continuous procurement activity and adjusted RBI measures. Market experts continued to move upwards based on potential Indo-US trade agreements, FII investment and assistant central bank policies.
The main investment strategist of Geogit Investments Limited, Dr. VK Vijaykumar says, “Terrorist attacks cannot be successful in impressing our economy and markets marginally while succeeding in taking precious human life. Pakistan’s political instability and basket case economy can not harm the Indian economy and markets. Markets can send this message today and fundamental factors are favorable. President Trump’s message that he has no intention of firing the fed chief, he has pacified the American markets.Trump’s remarks on Chinese tariffs indicate that he can reduce the US-China stress. Continuous purchase by FIIS is a strong support for Indian markets. Technically, the market may soon move to an over -region, inviting some profit booking. Investors should be invested in high quality larges. ,
American Equality recovered on Tuesday, operated by positive indications about quarterly corporate results and US-China trade relations.
Gold prices fell on Wednesday after US President Donald Trump retreated from his dangers to dismiss the Federal Reserve Chairing, while the US Treasury Secretary Scott Besent indicated a possible relaxation of trade stress, reducing the safe-havan demand for precious metal.
The US dollar on Wednesday strengthened against major currencies, as the market participants expressed relief after Trump’s return from their earlier dangers to remove Powell.
Oil prices increased by about 1% during Wednesday’s trading, leading to the movement above the previous day.
Foreign portfolio investors became pure buyers on Tuesday for Rs 1,290 crore. Dies shut down shares worth Rs 885 crore.
FIIS’s pure miniature status declined from Rs 77,270 crore on Monday to Rs 78,335 crore on Tuesday.
