Stock market starts after India-PAKISTAN CEASEFRRER, tremendous boom in Sensex-NIFTY, Shares of Adani Group jumped
New Delhi:
After the India-Pakistan Ceasefire, there is a tremendous boom in the market. As soon as the market opened, the speed of recovery in the Sensex-Nifty became faster. At 9:22 am, the Sensex reached the level of 81,343.90 with a brilliant rally of 1,889.43 points (2.38%). At the same time, the Nifty also continued to rise and was trading at the level of 24,576.10 with a gain of 568.10 points (2.37%).
Today, on the morning of Monday, May 12, the stock market has started. Sensex pre-opening opened with a gain of 1349 points, while Nifty also saw a jump of 412 points. This fast has come after the ceasefire agreement between India and Pakistan on Saturday evening. This news brought relief for investors and the market showed a positive attitude.
ADANI Group shares also boom
Due to the effect of ceasefire, not only the benchmark index, but also in the shares of Adani Group, the positive trend showed. The shares of the Adani Group have registered a rise of more than 6%. Investors’ interest in defense and banking sectors may also increase once again.
The market was broken due to tension last week, now the fast is returning
Last week, there was pressure on the market due to tension and drone attacks on the Indo-Pak border. On Friday, the Sensex declined by 880 points and the Nifty had a decline of 265 points. On a weekly basis, the Sensex declined by a total of 1047 points, while the Nifty recorded a loss of 338 points. A major reason for this decline was tension on the border.
Everyone’s eyes will be on FII
Foreign investors (FII) had purchased Rs 5087 crore in the cash segment between May 5 and 9. However, he sold on Friday. Now it has to be seen how the mood of FII changes after Ceasefire. If the purchase of foreign investors starts again, the market and height can touch.
The ceasefire between India and Pakistan has given a new life in the stock market. Investors will now have to understand further moves especially by being cautious about FII movement and sectoral trends. Further positive trends are expected to continue in the market.
(Disclaimer: New Delhi Television is a Subsidiya of Amg Media Networks Limited, an adani group company.)