Indian Stock Market Analysis
Tuesday was a very auspicious day for the Indian stock market. After Donald Trump adopted a soft stance in the tariff war, the Indian stock market regained its shine. Sensex and Nifty registered a significant increase of more than two percent. The BSE Sensex, comprising 30 shares, jumped 1,577 points to close at 76,734, while the NSE Nifty closed at 23,328, up 500 points.
Positive signals were also coming from the global markets. Due to strong sentiments, good buying was seen in all Indian indexes today
Due to fear of Trump’s tax, FPIs withdrew Rs, 10000 crore from Indian stock market
US President Donald Trump’s decision to ease tariffs on electronics, including smart phones and computers, boosted investor sentiment. Trump had announced on Monday that his administration was considering easing tariffs on imported vehicles and auto parts. This boosted the positive outlook.
Apart from this, the 90-day ban on tariffs for countries other than China has raised hopes of trade talks. Also, concerns of global trade war have also reduced.
The 30-share BSE Sensex jumped 1,577 points to 76,734 while the NSE Nifty closed 500 points higher at 23,328.
Among the shares included in the Sensex, IndusInd Bank, Larsen & Toubro, Tata Motors, Axis Bank and Adani Ports rose the most while only ITC and Hindustan Unilever shares fell.