After a sharp decline on Monday, there is a sudden jump in the stock market today. The BSE Sensex is trading above 1700 points, while the Nifty is seeing an increase of 500 points. By 1.30 pm, the Sensex was 74800 and the Nifty was 22650. This lead in the market has come before the decision of RBI’s MPC meeting.
It is expected that the Reserve Bank of India (RBI) can cut the repo rate by 25 basis points. With the increase in the market, the market capitalization of BSE has also increased and it has increased by Rs 4.61 lakh crore to Rs 393.86 lakh crore. The Nifty Consumer Durables Index increased by 3 percent, while metal, realty and financial sectors increased by more than 2 percent. India Fear Gauge (India VIX) fell 10.2% to 20.47.
This is the reason for the uproar in the stock market.
- Due to the huge bounce in American and Asian markets, the Indian market is also seeing a boom. In particular, an increase in IT shares is seen. Meanwhile, Japan’s Nikkei has increased by 5.6 percent.
- The decisions of the RBI MPC meeting are to come on April 9, so the repo rate is expected to be cut by 25 per cent. Due to which the market remains positive.
- After a big fall on Monday, investors have made a lot of purchases, due to which the Nifty and Sensex are seeing an increase. Amidst this decline, big investors are also adding good stocks to their portfolio.
- Crude oil prices have fallen. It has fallen below $ 65 per barrel. Which is the lowest level of August 2021. It has declined a major decline due to Trump’s tariff.
- All the shares included in the top 30 shares of BSE were trading in the green mark. The most bounce has been seen in Jomato and Titan shares. This is an increase of more than 4 percent. On the other hand, shares of SBI, LT and Asian Paints rose by 3 per cent.
- Today’s biggest beneficiary
- Five Star Business shares increased by 7 percent. PG Electropost shares increased by 6.36 percent, 5 percent in Shares of Cannology, 6 percent in Policy Market shares, 6 percent in LIC Housing Finance shares and 5 percent in Bikeon shares.
The post stock market boom: The market fast on Monday .. How will be forcefully boom on Tuesday? First appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
