Share market raly: After two consecutive days of decline in the stock market, there was a great rise on April 2 today. The market also showed fearlessly from the possible tariff elements of US President Donald Trump. The Sensex rose over 500 points and the Nifty crossed the level of 23,300. After the recent decline, investors returned confidence due to increasing purchases in blue-chip stocks. Good signs from global markets strengthened this boom.
During the trading, the Sensex rose by 524 points (0.68%) to 76,548.51, while the Nifty was trading at 23,311.90 with a gain of 146.2 points (0.63%). The shares of Tech Mahindra, Infosys, HDFC Bank, Maruti Suzuki, ICICI Bank, Bharti Airtel, Jomato and Adani Ports saw the highest faster.
3 major reasons behind today’s rise in the stock market-
1. Strong signal from global markets
Asian markets were mixed with mixed stance, Shanghai was trading in green, while Hong Kong was in red color. On Wall Street, S&P 500 closed up 21.22 points or 0.38 percent to close at 5,633.07, while Nasdaq Composite rose 150.60 points or 0.87 percent to close at 17,449.89. However, Dow Jones Industrial Average fell at 11.80 points or 0.03 percent to close at 41,989.96.
The stock market is currently closely monitoring Trump’s potential tariffs, which may affect the senses of investors. “Trump is going to announce reciperook tariff today,” said Vijaykumar, Chief Investment Strategist of Geojit Financial Services. After this, uncertainty is expected to decrease over Trump Tariff. But there may be unstable in business policies. “
2. Shop at the lower level
After a decline of the last 2 days in the stock market, the large-cap stocks today saw a lower-level purchases. Investors increased interest in HDFC Bank, Maruti Suzuki, ICICI Bank and many major IT stocks.
Arihant Capital Market Founder and Institutional Business Head, Anita Gandhi told Reuters, “Tariffs are important, but many other factors are also affecting the market. The fourth quarter of the companies are going to be the results, which can lead to the direction of the market. Apart from this, the next monetary policy meeting of the Indian Reserve Bank can be done soon.
3. Decline in Voltyness Index (VIX):
The India Volativity Index, which indicates fear in the stock market, fell 0.89% to 13.66 today, indicating that the market is decreasing.
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