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News India Live, Digital Desk: Indian Stock Market: The Indian stock market is getting tremendous enthusiasm these days. Tuesday was a happy day for investors, when both Sensex and Nifty made a big jump together. The Mumbai Stock Market (BSE) major index Sensex climbed more than 1000 points, while the Nifty-50 of the National Stock Exchange (NSE) also climbed up with a brilliant boom of 319 points. This boom reflects the confidence of investors and the positive attitude of the market.
After all, why did this stormy boom in the market?
There are many reasons behind this magnificent bounce, which together pushed the market upwards:
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Good signs from international market: The Indian market received very strong support from global markets. The US, Europe and Asian stock markets showed positive trends, which directly affected the domestic market. When markets around the world perform better, Indian investors are also positive.
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US dollars weakened: The weakening of the US dollar is an auspicious sign for the Indian market. Due to the weakening of the dollar, foreign investors find it more attractive to invest in India, which increases the flow of foreign capital.
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Softening of crude oil prices: India is a big oil importer country. Reduction in crude oil prices reduces inflation pressure and also reduces the cost of companies, which affects positive impact on their profits and share prices.
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Expectations of better quarterly results: There are positive expectations among investors regarding the upcoming quarterly results of Indian companies. The possibility of good corporate earnings creates a shopping atmosphere in the market.
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Possibility of cuts in interest rates: The hope of cutting interest rates by central banks around the world has also brought hope in the market. Low interest rates make borrowing cheaper to companies, which promotes investment and expansion.
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Foreign investors trust (FIIS): Foreign institutional investors (Fiis) are constantly investing in the Indian stock market. His strong purchases have also supported the current rally in the market.
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Domestic Economic Strength: The strong foundation of India’s economy and the policies of the government are also increasing the confidence of investors. Living in inflation under control and looking good is a good support for the market.
All these positive news together are strengthening the trust of investors in the Indian market, so that a good movement in the market can be expected in the coming time.
North India Statesman