The domestic stock market opened strongly on Thursday. The impact of the strength of global markets was also seen on Indian markets. The large fall in crude oil prices also encouraged investors' sentiment.
Most Asian markets recorded gains. They hope that there will be some softening in the ongoing trade war between the US and China. China has exempted 16 types of American products from tariffs. This has raised hopes that there may be an agreement between the two countries in the next round of talks.
Apart from this, European central banks can also soften monetary policy, which can give relief to the global economy. On the other hand, retail inflation in India has reached a peak level of 10 months. However, this is lower than the Reserve Bank of India's medium-term target of 4 per cent.
At 9.30 am, the BSE Sensex was seen trading at a level of 37,371 with a gain of 100 points or 0.27 per cent. At the same time, the Nifty 50 index also recorded a gain of 34 points or 0.33 per cent at 11,069.
On Wednesday, the American stock market had registered a good rally. The Dow Jones rose 0.85 percent, while the S&P 500 index gained 0.72 percent. The Nasdaq Composite ended the session session with a jump of 1.06 per cent.
The BSE Midcap and Smallcap indices gained over half a percent. Most sectors on BSE recorded a boom. Only IT, tech and telecom index disappointed. Basic material and metal index showed a strength of over one percent.
ICICI Bank shares rose 2.76 percent to Rs 405.25 on the BSE Sensex. Tata Steel shares rose 2.25 percent to Rs 375.35. The shares of ONGC, IndusInd Bank Sun Pharma rose by 1.23 per cent, 0.78 per cent and 0.76 per cent respectively.
On the other hand, Yes Bank shares fell 0.84 per cent to Rs 71. Infosys shares lost 0.68 per cent to Rs 814.50. Shares of Bharti Airtel, Axis Bank and Bajaj Auto lost 0.66 per cent, 0.55 per cent and 0.46 per cent, respectively.
On Wednesday, there was a change in the attitude of foreign portfolio investors (FPIs). During the last session, he invested Rs 266.89 crore in the Indian stock market. Similarly, domestic institutional investors also bought shares worth a net Rs 1132.42 crore.
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Most Asian markets recorded gains. They hope that there will be some softening in the ongoing trade war between the US and China. China has exempted 16 types of American products from tariffs. This has raised hopes that there may be an agreement between the two countries in the next round of talks.
Apart from this, European central banks can also soften monetary policy, which can give relief to the global economy. On the other hand, retail inflation in India has reached a peak level of 10 months. However, this is lower than the Reserve Bank of India's medium-term target of 4 per cent.
At 9.30 am, the BSE Sensex was seen trading at a level of 37,371 with a gain of 100 points or 0.27 per cent. At the same time, the Nifty 50 index also recorded a gain of 34 points or 0.33 per cent at 11,069.
On Wednesday, the American stock market had registered a good rally. The Dow Jones rose 0.85 percent, while the S&P 500 index gained 0.72 percent. The Nasdaq Composite ended the session session with a jump of 1.06 per cent.
The BSE Midcap and Smallcap indices gained over half a percent. Most sectors on BSE recorded a boom. Only IT, tech and telecom index disappointed. Basic material and metal index showed a strength of over one percent.
ICICI Bank shares rose 2.76 percent to Rs 405.25 on the BSE Sensex. Tata Steel shares rose 2.25 percent to Rs 375.35. The shares of ONGC, IndusInd Bank Sun Pharma rose by 1.23 per cent, 0.78 per cent and 0.76 per cent respectively.
On the other hand, Yes Bank shares fell 0.84 per cent to Rs 71. Infosys shares lost 0.68 per cent to Rs 814.50. Shares of Bharti Airtel, Axis Bank and Bajaj Auto lost 0.66 per cent, 0.55 per cent and 0.46 per cent, respectively.
On Wednesday, there was a change in the attitude of foreign portfolio investors (FPIs). During the last session, he invested Rs 266.89 crore in the Indian stock market. Similarly, domestic institutional investors also bought shares worth a net Rs 1132.42 crore.
Best SEBI Registered Investment Advisor
