On the first day of the week, the move of the Indian stock market was seen differently. After starting with lethargy, the Sensex-Nifty reversed and caught up, which continued till the market was closed. The 30 -share Sensex of Bombay Stock Exchange closed down with a gain of 677 points, while the National Stock Exchange’s Nifty index also closed with a rapid jump of 227.90 points. Last week, where the markets were falling due to the increasing war between Israel and Iran, now it seems that the markets have assumed that the war between the two countries will not move even further. The statement made by the US President for reconciliation between the two countries was clearly seen from Asian to Indian markets on Monday.
Slow start, then suddenly overturns
Due to the increase in the Israeli-Iran struggle, the stock markets from Asia to India saw a sharp decline in the last two business days of last week, but the decline suddenly stopped on Monday. Although the Sensex-Nifty was open with lethargy on the first day of the week, but then suddenly the game overturned. Yes, amidst mixed global signals, the BSE Sensex opened at 81,034.45 below its previous closed level 81,118.60 and its decline in a short time turned into a boom, which continued till the end. The Sensex closed at 81,796.15 with a gain of 677.55 points.
Talking about NSE Nifty, it started trading at 24,732.35 with a slight increase from its previous closed level 24,718.60 and then started trading at a level of 24,890 with a gain of 150 points with Sensex in a short time. Then as the business moved forward, it increased and finally the Nifty jumped 227.90 points to close at 24,946.50.
Is the war between Iran and Israel going to stop?
On Monday, not only the Indian stock market, but all the Asian markets also traded with an increase and global perception improved. There are many such indications, which has increased the hope that the war between Iran and Israel is likely to stop. In fact, on Sunday, the statement of the US President has also influenced the notion of investors. Regarding the reconciliation between the two countries, he said that in his first term he successfully intervened in ending the ongoing struggle between India and Pakistan and Serbia and Kosovo. Similarly, there will be peace between Israel and Iran soon! Now many calls and meetings are being made.
After Trump’s statement, markets around the world also admitted that the Israeli-Iran struggle will not increase anymore. Due to this notion, Asian markets were seen to be bright. The Nifty rose 245 points to 24,994.50, while Nikkei of Japan also rose 477.08 points to 38,311.33. Apart from this, the Hang Seng index rose 168.43 points to 24,061 levels. Kospi rose 52 points to 2946.66.
These shares show strength, market boom
Even though most of the shares were running slowly in early trade on Monday, suddenly IT stocks caught pace and supported the market. Tech Mahindra shares (2.12%), HCL take shares (1.66%), TCS share (1.40%), Infosys shares (1.39%) closed with jump. Apart from this, Asian Paints, Tata Steel, Kotak Bank, Eternal, LT, ITC, Maruti, Bharti Airtel, Power Grid and HDFC Bank shares closed with an increase of about 1 per cent or more.
These shares rise in midcap and smallcap category
Looking at the midcap category, IGL shares (6.74%), Gland Pharma Share (4.72%), KPI Tech Share (3.88%), ABC Capital Share (3.47%), Indian Hotel Share (3.16%) closed with a boom, while Subros Share (20%) in Smallcap category (20%) in Smallcap category (19.27%) and KDL shares in Smallcap category. (187.82%) closed with boom.
