India was also not excluded from this crisis amid tariff threats by US President Donald Trump, but when the Indian stock market opened after three days holiday, it got new energy. The Sensex gained 1694 points as soon as the market opened. The Sensex was showing a jump of 684 points in the pre-open market itself. As soon as the market opened, the Sensex started with a jump of 1694 points.
Market cap of companies listed on BSE increased by 6.44 lakh crores
On Tuesday, the total market cap of listed companies on BSE increased by Rs 6.44 lakh crore. With the opening of the stock market, the wealth of investors increased by Rs 6.44 lakh crore. On April 11, the market cap of listed companies on BSE was Rs 3,93,82,333.22 crore, which increased to Rs 4,07,99,635.75 crore after the market opened on April 15.
Stock market tremendous comeback
Despite the concerns of the tariff, the Indian stock market made a great comeback on 15 April. At 9:26 am, the Sensex created a positive atmosphere in the market by reaching 76,731.59 points with a gain of +1574.33 points. All 30 shares listed on BSE opened with green mark. Tata Motors shares saw a jump of more than 5 per cent, which were still struggling. In addition, Mahindra & Mahindra shares saw a 3.63 per cent increase, HDFC Bank shares saw 3.16 per cent, 3.10 per cent in L&T, 2.44 per cent in Adani Ports and 2.42 per cent in ICICI Bank shares.
Why did the market gain a boom?
The declaration of softening on tariff by Donald Trump strengthened the Indian market. Along with the global market, gift Nifty and Nifty Futures also saw a jump of 382 points. The trade war between China and the United States softened, as the US decided to discount on tariffs on smartphones, computers and electronic goods coming from China, which had a positive impact on the shares of tech companies. In addition, the softening of Trump on the auto tariff also supported the auto share.
Thus, the softening of the US administration and the status of the global markets gave rise to a tremendous bounce in the Indian stock market, which benefited investors and the market firmly returned.
Gold records finally stopped, although silver is moving at a slow pace
The post tremendous return in the stock market: Sensex gained 1694 points first appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
