The impact of the announcement of the announcement of GST rates by the Modi government is still visible on the stock market. On the first trading day of the week, on Monday, the Bombay Stock Exchange’s 30 -share Sensex index opened 200 points, while the National Stock Exchange’s Nifty also opened in the green mark with its previous bandh. In early trade, big shares including Tata Steel, Tata Motors, Mahindra & Mahindra, Infosys, BEL were seen running fast. Along with the impact of GST deduction, the impact of US President Donald Trump’s change towards India has also been clearly seen on the market.
The Sensex opened at 80,904.40 against its previous closed 80,710.76 amidst the sharp start of the stock market. Both index opened in the green mark and then crossed the 81,000 mark in a few minutes. Like the BSE index, the Nifty also saw a boom and reached 24,831.35 after the NSE index opened at 24,802.60, above the previous closed level 24,741.
As soon as the market opened, these 10 shares were exposed. Talking about the top-10 shares that saw the biggest rise in the market, Tata Steel shares (2.50%), Tata Motors shares (2.35%), Mahindra & Mahindra shares (1.95%) and Adani Ports were trading with a gains. The first -round shares (3.90%) of the midcap category, the shares of the Manyavar, the shares of the Bharatforge (2.95%) and the shares of Olectra (2.90%) were trading. Smallcap companies were trading with prime focus shares (10%) and muffin shares (8.10%).
The last week was such that the market move was fantastic for the previous week stock market. However, on Friday, the two index closed down with a slight decline on the last trading day on Friday. The Sensex fell only 7.25 points to 80,710.76, while the Nifty closed at just 6.70 points to close at 24,741. However, if you look at the trick of the entire week, the BSE Sensex rose 901.11 points i.e. 1.12%, while NSE’s Nifty rose 314.15 points i.e. 1.28%. Investors also earned a lot due to the fast in the market.
There were positive signs for India from abroad on Monday itself. Most Asian markets, including Hong Kong-Dakshin Korea, were trading fast. Japan’s Nikkei index was trading up more than 700 points to 43,700, while Hong Kong’s Hang Seng index gained 35 points at 25,453.50, while South Korea’s Kospi index was also in green mark and trading at 3,206.34. The gift Nifty was also trading with a gain of 70 points. Advertisement
The impact of Trump’s stance on GST was already visible on the stock market of the Modi government’s GST reforms. The government has reduced the number of tax slabs and has given relief from GST on many items. After which the shares of the companies concerned are touching the sky. At the same time, the impact of Donald Trump’s soft attitude towards India has also been seen.
Let us know that after several months of tension between India and the US over Russian oil purchases, suddenly US President Donald Trump played his provocative attitude and played a friendship card towards Prime Minister Narendra Modi. At the same time, PM Modi also immediately reacted positively and expressed confidence in Indo-US relations.
