The local stock market opened in the second consecutive trading session on Thursday, March 6. Global markets breathed a sigh of relief by US President Donald Trump postponed the Automobile Tariff on Mexico and Canada for a month. Its positive impact was also seen on local markets. Because there was a boom in the market during pre-opening, but at 9.30 am, the market opened in red mark.
The stock market started with a decline.
By 9.30 am, the 30 -share BSE Sensex opened today -33.11 points to 73,697.12. While the Nifty fell 5.05 points to open at 22,332.25.
The highest lead in these 10 shares
Reliance shares were seen trading around 2.16 per cent, Tata Motors’ shares 2.10 per cent and Asian Paints shares gaining 2.06 per cent despite the stock market fluctuations during early trade. Castrol India shares (3.67%) in the midcap category, Hindustan Petroleum shares (3.46%), Gland Pharma shares (3.10%) and IREDA shares (3.09%) gained momentum, while root shares (10.89%) in the Smallcap category (10.89%), Safire’s shares and KPIL shares gained momentum.
How was the market performance on Wednesday?
In the last trading session, the stock markets recorded the biggest one -day jump in a month. This helped the Nifty 50 to prevent a 10 -day record fall. On Wednesday, the Nifty rose 254.65 points or 1.15 percent to close at 22,337.30. Similarly, the Sensex rose 740.30 points or 1.01 percent to close at 73,730.23.
What are the signs coming from global markets?
Most of the Asian markets were trading on Thursday due to the rise in Wall Street after US President Donald Trump postponed the tariff on some vehicle manufacturers. Japan’s Nikkei index rose 1.25 percent, while Topics increased by 1.31 percent. However, ASX 200 overturned the trend and fell 0.53 percent.
Kospi increased by 0.615 percent. Consumer inflation of South Korea increased by 2 percent year-by-year in February. This was higher than the 1.95 percent increase forecasting of Reuters, but was less than 2.2 percent increase in January.
Dow Jones rose 1.14 percent in US markets. S&P 500 increased by 1.12 percent, while Nasdaq increased by 1.46 percent.
