The stock market has made a strong comeback on Tuesday after a heavy decline on Monday. The market started the day with great speed. The Sensex started at 74,013.73 with a gain of 876 points against the previous closed level of 73,137.90, while the Nifty opened by 285 points at 22,446.75. This is far above the previous closed level of 22,161.60 of the Nifty.
Earlier on Monday, there was a stir in the US markets. A rumor had spread that former President Donald Trump could stop tariffs for the next 90 days. However, the White House immediately termed the news as wrong. The US markets then slipped again, especially when Trump indicated that the US could also increase the fees on China in the event of China imposing tariffs on American goods.
What is the reason for the fast
Improvement in global signals is a major reason behind today’s boom in the Indian market. On Monday, the US saw some extent recovery and today the Asian markets have also strengthened. This has also affected the Indian market.
Sensex’s major fast shares
- Titan gained 4.64 percent
- Bajaj Finserv rose by 3.39 percent
- Infosys gained 2.74 percent
- SBI rose by 2.54 percent
- Axis Bank jump of 2.29 percent
- Bajaj Finance gained 1.91 percent
Fall in just two shares
- Power grid dropped by 1.18 percent
- Nestle India declines by 0.21 percent
Caution is necessary for investment
This article is only aimed at stock market information. No investment advice is being given in this. Investment in the stock market is associated with risk, so before taking any decision, please consult an expert.
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