Stock Market Updates: On Tuesday, the domestic stock markets are in awe. BSE SENSEX Once again the level of 50.000 has been reached. At the same time, the Nifty has also released its 15,000 level. Today, due to the strength seen in the Asian markets and the decline in the case of Kovid, the stock market has opened with great speed.
At 10.10 in the morning, the Sensex was trading at a level of 49,982.59, taking an increase of 401.86 points i.e. 0.81%. At the same time, the Nifty was at a level of 15,054.70 with a gain of 131.55 points i.e. 0.88%.
In the opening, the Sensex started trading at a level of 50,150.55 with an increase of 571.35 points, or 1.14 per cent. At the same time, the Nifty opened at a level of 15,091.75 with a gain of 170.80 points i.e. 1.15 percent.
Today, Asian markets have also seen a boom. Japan’s first quarter GDP data has been released, which is showing positive effects. The Taiwan index rose 3.28 percent, the Nikkei rose 2.12 percent and the Topics index rose 1.49 percent.
Let me tell you that there was a tremendous boom in the market on Monday itself. Yesterday saw the most rapid rise of nearly seven weeks. The Sensex had risen by over 848 points. The Sensex was up 848.18 points, or 1.74 percent, to close at 49,580.73 and the Nifty too gained 245.35 points or 1.67 percent to reach 14,923.15 points.
Vinod Nair, head of research at Geojit Financial Services, said, “With the decline in infections, the market led by stocks of banks, metals and auto companies rose. The market expects a sharp decline in Kovid cases.” This has reduced concerns about ‘lockdown’ and improved prospects for 2021-22 economic projections. This led to a rise in bank shares due to some worries about asset quality.
According to Vinod Modi, strategy head of Reliance Securities, investors’ enthusiasm has increased due to better financial results for the fourth quarter of the companies and reduction in daily cases of corona infection.
(With input from language)