Softening of Indo-Pak relations and US-China trade deal huge bounce in stock market, investors have increased confidence
New Delhi:
Stock Market Today: The impact of softening between India and Pakistan relations was shown on the Indian stock market on Monday, May 12. The Sensex rose by more than 2200 points. Market expert Sunil Shah said that since the news of India-Pakistan Ceasefire on Saturday, it was decided that the upcoming business day would be better and the Indian Stock Market would open rapidly.
Market’s welcome move due to reduced border tension
Talking to the news agency IANS, Sunil Shah said, “The correction was seen in the market due to border tension for last week. First the impact of the growing tension between Tariff War and then India and Pakistan was visible in the market. This morning the market opened with 1600 points and now the Sensex has remained about 2200 points. Nutt 500 points were also up in the morning. There is a move and development. “
Decision related to America-China trade positive for market
Sunil Shah said that there was uncertainty in the market for the last one and a half months, while now the situation is gradually getting normal and better. Due to this, investors have now got some clarity. At the same time, positive news has also been received about the US and China for two days of high-level trade talks. Shah admitted that this decision related to America-China was also positive for the market.
Expected bilateral trade agreement between India and America
Sunil Shah has expressed confidence that the situation will be better even further. He said that in the future, the international market will react positively. “Jung cannot be good for anyone. Development is done in a peaceful environment and new technology emerges. It is expected that there will be a bilateral trade agreement between India and America.”
India is the fourth largest economy in the world
On the global market, Shah said that India is the fourth largest economy in the world, so its impact is seen globally. The US-China successful trade deal (US-China Trade Deal) will also help react the global market in a positive way.