15
Share Market Update: Today’s market was full of ups and downs. The decline after the initial rise has alerted investors. Investors are currently being advised to invest vigilance.
Share Market Update: Today, a positive start was seen in the Indian stock market. The Sensex rose by 119 points to 81,492, while the Nifty rose 70 points to 24,786. Bank Nifty opened at 56,104 and showed a strength of 201 points. Along with this, there was a slight weakness at the beginning of the rupee.
Decline after boom
After the initial boom, profits in the market gained momentum. Beling in banking and private sector shares dominated, causing the Sensex break more than 400 points. Private banks started declining after the record rapid in the bank Nifty.
Good news can be available from global market
US markets showed recovery on the previous day. Dow Jones fell 450 points first but finally closed by 35 points. The strength of technology shares rose by 125 points in Nasdaq. Japan’s Nikkei also gained 175 points. The GIFT Nifty showed a gain of 40 points, although there is weakness in the Dow Futures.
The effect of tariff tension between America-China
Tension has increased between the US and China over tariffs. China accused the US of breaking old agreements and has imposed new tariffs in response. This saw a huge movement in the commodity market. In the international market, gold rose by $ 80 to $ 3400 an ounce and silver jumped 5 percent to close to $ 35 an ounce. Talking about the domestic market, gold rose by Rs 2,100 to about Rs 98,000 per 10 grams, while silver increased by Rs 4,000 to close above Rs 1 lakh per kg. With this, crude oil also rose by 2 percent.
Role of foreign and domestic investors
FIIS sold Rs 2,600 crore on Tuesday and withdraws a total of Rs 3,750 crore from the market. After this, DIIS purchased Rs 5,300 crore, which gave the market partial support.
Big news of corporate world
Adani Group is once again in controversy. According to US media reports, Adani Group has been accused of illegally importing LPG from Iran through Mundra Port. Adani Enterprises has dismissed these allegations. The news of relief for Patanjali Ayurved is that the Ministry of Corporate Affairs has not sent any notice to the company nor has the possibility of any investigation at the moment. Also, the company has got relief in cases related to GST.
Also read: Onion Price Hike: Onion will cry again! Prices of prices are full, big reason has come to light
