Stock Market Closing Bell: The Indian stock markets declined on Thursday (April 24) after the government announced economic and diplomatic measures against Pakistan after the terrorist attack in Pahalgam. The benchmark index Nifty-50 and Sensex open on the red mark. On Wednesday, the domestic stock market closed in a green mark with an increase in the seventh consecutive trading session.
Today, the direction of the market was determined by trends such as the latest status of the Pahalgam terrorist attack case, the proceedings of the Reserve Bank of India (RBI) meeting, the fourth quarter income of the Indian industries and the policy of taxation of US President Donald Trump on China.
What are the signs coming from the global market?
Meanwhile, the US stock markets rose on Wednesday, Dow Jones rose 1.07 percent to 39,606.57, S&P 500 increased to 1.67 percent to 5,375.86 and Nasdaq Composite increased by 2.50 percent to 16,708.05. The promises associated with S&P 500 increased by 0.08 percent. Nasdaq 100 futures remained stable, while Dow Jones futures fell 0.15 percent.
Mixed trend was seen in Asian markets. Japan’s Nikkei rose 225 0.89 percent, South Korea’s cospie rose 0.41 percent and Australia’s S&P/ASX 200 0.59 percent. Hong Kong’s Hangseng index fell 0.1 percent and CSI 300 0.16 percent of the mainland China.
Investment strategy
“We maintain our positive attitude on the Nifty and recommend the strategy of ‘purchasing on the decline’. The Nifty is getting strong support around 23,700-23,800. Also, we believe that if the index enters the consolidation phase, it can be more beneficial to focus on opportunities in select shares. So, keep your own.”
How was the market move on Wednesday?
On Wednesday, the domestic stock market closed up in the seventh consecutive trading session. The BSE Sensex rose 520.90 points or 0.65% to close at 80,116.49. The Nifty 50, 161.70 points or 0.67%, closed at 24,328.95.
wall Street
After renewed optimism about the possible success in the US-China trade war and by President Donald Trump said that Federal Reserve Chairman Jerome Powell had no intention of “no intention of shutting down” Wall Street closed with an edge. Dow Jones Industrial Average rose 419.59 points or 1.07 percent to close at 39,606.57. S&P 500 rose 1.67 percent to 5,375.86 and Nasdaq Composite increased by 2.50 percent to 16,708.05.
The Post Stock Market Closing Bell: Brake at 7 days of rise, Sensex dropped 315 points, Nifty below 24,250 first appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
