New Delhi, 21 April (IANS). Market expert Sunil Shah said that the stock markets are again stabilizing the fourth quarter results of the fourth quarter of FY 25, due to the rise in the Indian stock market on Monday.
Talking to the news agency IANS, Sunil Shah said that the stock market saw a decline after the announcement of the reciperook Tariff from US President Donald Trump in early April, but now the market is again seeing a boom after the tariff was banned.
He further said that in the present time investors are investing on the basis of seeing the value. In such a situation, sectors and companies have value. There is a boom.
According to Shah, the current rally of the stock market is being led by banking and financial and largecap.
Shah further said that the market hopes that India and America are talking about bilateral trade agreement and some positive results will come out.
The Indian stock market closed with an increase today. At the end of the trading, the Sensex gained 855 points or 1.09 percent at 79,408.50 and the Nifty rose by 273 points or 1.15 percent at 24,125.
The market boom was led by banking stocks. The Nifty Bank was up 1,014 points or 1.87 percent to 55,304. During the trading session, the banking index created a new all-time high of 55,461.65.
Today, a total of 93 shares touched the highest level of their 52-week, including companies like AIA Engineering, Bajaj Finner, Bajaj Finance, Bharti Airtel, HDFC Bank, ICICI Bank, Indigo and Kotak Mahindra Bank.
Midcap and smallcap with largecap recorded a boom recorded 100 index of 1,316 points or 2.50 per cent to 53,974 and Nifty Smallcap 100 index 363 points or 2.12 per cent to close at 16,773.
-IANS
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