The Indian Benchmark Equity Index BSE Sensex and Nifty opened with a strong lead on Tuesday (March 18) amidst a boom in global markets. Strong retail sales data in the US led to a boom in global markets. Market experts say that corporate income increases and foreign portfolio investors (FPIs) are important for improving the market.
What are the signs coming from global markets?
The global market is a boom today amidst good figures of night retail sales in the US. In Asia, Japan’s Nikkei 1.4 percent, Australia’s ASX 200 0.44 percent and South Korea’s Kospi rose 0.51 percent. Similarly, S&P 500 increased by 0.64 percent on Wall Street in the US, 0.31 percent in Nasdaq Composite and 0.85 percent in Dow Jones Industrial Average. In addition, activities in select shares, perception of foreign investors (FIIs) and fluctuations in crude oil prices will give direction to markets today.
How was the market performance on Monday?
The local stock market closed on the green mark on Monday. The 30 -share BSE Sensex rose 341.04 points or 0.46% to close at 74,169. Similarly, the National Stock Exchange (NSE) Nifty 50 index rose 111.55 points or 0.5% to close at 22,508.
