Stock market: The stock market is also a profit on the second day; This is the reason for this rally.
Stock Market Today: Indian markets continue to win the second consecutive session with the support of international and domestic positive signals. Last from the end of September that broke the bare trend. On 6 March, the Nifty 50 closed at 0.93% 22,544. Sensex closed at 74,340 with a profit of 0.83%. The Nifty Mid Cap rose 0.37 percent at 49,348, while the Nifty Small Cap rose by 1.32 percent to 15,400.
This is the reason for this rally.
US President Donald Trump has announced a one -month discount from 25% tariff if the automobile firms in Mexico are in accordance with the current free trade rules. This inspired the rally in the US and European markets. Asian markets also benefited from this development. In addition, the price of crude oil prices and the price of Brent crude futures increased to $ 70 for the first time in three years. This has contributed to a rally in raw sensitive stocks such as paint and oil marketing companies (OMC).
RBI action too.
Banking and NBFC stocks have benefited with the Reserve Bank of India (RBI), which has announced new measures to include 1.9 trillion rupees in the banking system to increase liquidity. The US dollar index fell to 104 at the bottom of the four -range of Indian metal shares on Thursday. Meanwhile, in its latest report internationally, International Brokerage Company, Jeffiris said that the Indian stock market could cross other developing markets in 90–180 days.
Average price
According to Jeffriis report, the country’s evaluation premium is now close to the average level, which is very low at 2024. With 4% fall from the dollar index maximum, FPI currents are likely to be reversed. Close -riches will help in positivity, such as economic development and liquidity relaxation, short -term market rebounds.
Field performance
India Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL) and Indian Oil Corporation Limited (IOC) have stimulated the rally. As a result, his shares increased by 5% in today’s session. Out of 15 shares of Nifty Oil and Gas Index, 14 shares were closed. The session ended with a total profit of 2.60 %. Metal stocks won the streak for the second consecutive day as the decline of US dollar and China’s excitement works extended the rally. The Nifty Metal Index closed at 8,888 with an increase of 4 % in the last trading session. Other areas including Nifty Pharma, Nifty FMCG, Nifty Media, Nifty Auto and Nifty PSU Bank increased by 0.66 percent to 1.47 percent. The Nifty Realty ended the session with a slight loss of 0.17 %.
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