Share Bazaar overtakes challenges in April, Sensex jumped nearly 4 percent, nifty also increased
Share Bazaar News: The BSE Sensex witnessed a rise of nearly 4 percent last month amid US customs and India-Pakistan tension. The Sensex increased a total of 2,827.32 points, or 3.65 percent last month, while the National Stock Exchange (NSE) index Nifty rose 814.85 points, or 3.46 percent. In the midst of this boom, investors’ assets increased by Rs 10.37 lakh crore to Rs 4,23,763.25 crore ($ 4.98 million) in April.
Expected to exhaue to excess than normal rainfall in the South-West monsoon and a potential Indo-US trade agreement in the domestic market, and expectation on the potential Indo-US trade agreement worked to strengthen this positive perception.
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In addition, the softening of the shares in the shares after the decline in the market in the last few months also promoted the purchase renewed. The BSE’s 30 -share standard index Sensex increased a total of 2,827.32 points i.e. 3.65 percent last month, while the National Stock Exchange (NSE) index Nifty rose 814.85 points, or 3.46 percent.
In the midst of this boom, investors’ assets increased by Rs 10.37 lakh crore to Rs 4,23,763.25 crore ($ 4.98 million) in April. This is the second consecutive month when Sensex and Nifty have closed with an edge. Even in the month of March, the Sensex saw 4,216.82 points i.e. 5.76 percent and the Nifty saw a rise of 1,394.65 points i.e. 6.30 percent.
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An expert stated that the markets performed well last month due to a decrease in risk in the risk associated with US customs, a potential US-India trade agreement and strong FII flows. Puneet Singhania, director of the Master Trust Group, said, “Despite global concerns and tension with Pakistan, many factors were helpful for the strength and rapid bounce of the Indian stock market in April.” In the last few months, the evaluation of the market declined due to the decline in the market, which resumed the purchase activity.
In addition, the US was also promoted with temporary ban on customs and the onset of possible trade talks with countries. Puneet Singhania, director of the Master Trust Group, said, “It is seen after a long selling of foreign investors that the FIIs became a pure buyer of Indian equity in April.”
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Singhania said that by cutting the repo rate of the Reserve Bank by 0.25 percent and converting the policy stance from ‘neutral’ to ‘liberal’, the perception of the market was also strengthened. VK Vijaykumar, the main investment strategist at Geojit Investments Limited, said, “The market is an astonishing way to see flexibility.” The Nifty is up in April even after the events related to counter-duty and increased tension between India and Pakistan. This suggests that there is no need to panic during crisis.
Singhania said on the possibility of market boom in May in May that it will be determined by a large extent from the quarterly consequences of companies and the situation on the border. He said, investors will also monitor the developments in the US market, as it can have a significant impact on emerging markets like India. (Language)
Edited by: Chetan Gour
