Stock market today: Yesterday, after a fall of 1300 points in the stock market, a positive attitude has been seen today. The Sensex rose 500 points after opening with a positive attitude. It was trading at 81624 at 81624 at 10.10 am. The Nifty 50 has also managed to cross a strong level of 24700 with a jump of 165.10 points. By 10.11 am on BSE, 145 shares had crossed the upper circuit. While 42 stocks reached the highest level of 52-week.
Market’s prevalence positive
The stock market has gained momentum due to positive factors, including India-Pakistan ceasefire and a decline in retail inflation. Out of 3379 shares traded in the initial season on BSE, 2535 shares were trading in rise and 744 shares were trading. In the Sensex, 23 shares were trading in green sector and 7 shares were trading in red sector. India was also trading at 17.34 at 17.34, a 4.55% decline. All these factors indicate that the scope of the market is positive.
Expect reduction in interest rates
Retail inflation in April reaches a six -year low -scale low -level, the possibility of strong growth in gross domestic product (GDP) growth has increased. Expectations of cutting interest rates in the upcoming monetary policy meeting by RBI have also increased. In addition, geopolitical crisis and economic challenges have also decreased globally. Due to which the stock market has got support. All the regional index are trading in a positive direction except Pharma. In which there has been a decline in large quantity in IT and banking shares.
Big relief in wholesale inflation, rate at 13 months low
