Stock market boom
The Indian stock market continues to grow brilliantly. The Sensex has risen 5,977.19 points in the last six trading sessions. Today, there is a good boom in the market for the sixth consecutive day. Let us tell you that on April 9, the Sensex closed at 73,847.15 points. After that the Sensex continues to rise in six trading sessions. Today the Sensex has installed a high of 79,824.30. In this way, the Sensex has a unilateral rally of about 6000 points. After all, what has happened that such a great boom has returned in the market. Let’s understand.
Rally in the Indian market for these 5 reasons
1. Expected Indo-US trade deal
After a major decline in the stock market, the boom began with Trump’s announcement of tariff ban for 90 days. After this, the expectations of trade deal have been further increased by the announcement of Indian officials visit to America and US Vice President’s visit to India. Due to this, the market continues to rise.
2. Discussions about India-China trade deal
The US stake in the 10 most busy trade routes in the world is in 8, China 5 and India’s only 1 route.
In such a situation, the Government of India is now talking to China for a possible trade deal. China is also looking towards markets like India to compensate for the damage caused by US tariffs. The stock market has also benefited from this.
3. Expect to return to the economy
Following business changes and suggestions by traders, the market hopes that Modi 3.0 may have the next round of economic reforms. This will speed up the economic speed of the country. This hope is becoming a major reason for the boom in the stock market.
4. Return of foreign investors
Foreign investors have returned once again after large selling. This has improved the market mood. The market has returned to the market with the return of shopping from domestic and foreign investors.
5. Estimates of better monsoon
IMD has predicted better monsoon than normal, causing an increase in rural income and control in inflation. The market expects better GDP and corporate results, which can be an important reason for the ongoing boom.
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