Stock market I rained money today. Investors earned more than Rs 16 lakh crore in a day after returning all -round purchases in the market. Let us tell you that due to the decrease in tension between India and Pakistan and the agreement between the US-China trade war and tariffs, the stock market returned a great rise. The market started with great speed. This fast continued to grow as the business grows. Finally, BSE Sensex jumped 2,975.43 points to close at 82,429.90 points. Similarly, NSE NIFTY rose 912.80 points to 24,920.80 points.
Let us tell you that due to tremendous boom in the market, investors’ faces blossomed today. Investors earned more than Rs 16 lakh crore a day today. In fact, when the market was closed on 9 May, the market cap of liable companies on BSE was Rs 4,16,40,850 crore. He increased to Rs 4,32,47,426 crore on the closure of the market on 12 May today. In this way, investors earned Rs 16,06,576 crore in a day.
Shares of these companies boom
Among the 30 companies included in the Sensex, the share of Adani Ports, Internal, Bajaj Finance, Axis Bank, Bajaj Finserv, Reliance Industries, Power Grid and NTPC were in the share of the share. In the ASian markets, South Korea’s Capsy, Shanghai SSE Composite and Hong Kong’s Hangkang’s Hangseng were in the feature, while Japan’s Nikki 225. The American markets were closed with mixed trend on Friday. International standard Brent crude gained 0.52 percent to a price of $ 64.24 per barrel.
These are 5 reasons for great boom in the market
- Ceasefire in India-Pakistan: After a four-day fierce firing, the ceasefire was agreed in India-Pakistan on Saturday. This reduced uncertainty in the market and returned great speed.
- Trade deal in America-China: The impact of a trade deal in the US and China also appeared on the market today. Both countries have announced a 90 -day tariff brake and cut in existing charges.
- Record boom in sip investment: Through SIP, an investment of ₹ 26,632 crore (monthly gain of 2.72%) came in mutual funds in April. This strengthened the market notion.
- Lower level shopping: The trade war was finished and the confidence of investors returned from ceasefire in India-Pakistan. At the same time, there was a big decline in the market last week. So today, tremendous shopping returned from the lower level in every sector.
- Possibility of Ukraine-Russia peace talks: There is a possibility of talks between Ukraine-Russia in Istanbul, Turkey on 15 May. Ukraine President Volodimir Jailonsky and Russian President Vladimir Putin will participate in it. The war is expected to end immediately after this end. In this hope, the market climbed today.