The explosive start of the Indian stock market
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Share Market Opening: After a long holiday, amid strong signals from the global market, enthusiasm is being seen in the Indian stock market. Both Sensex and Nifty moved rapidly in pre-opening. At 9.20 am, Sensex is trading at 74,163.21, up 0.69 percent or 511.86 points. Whereas, Nifty was up 0.79 percent or 176.15 points and stood at 22,503.05. On the first day of the financial year 2024-25, a boom in the Chinese market is expected. China’s manufacturing PMI has expanded for the first time since September in March. According to the data, after a better start to the year, China has maintained its lead. Meanwhile, stocks of 3135 companies are trading in the Indian market today. In this, stocks of 2538 companies are trading in profit. Whereas, the stock of 457 companies is visible with red mark. At the same time, the stocks of 140 companies seem to be stable.
What is the condition of Sensex-Nifty?
On the 30-share Sensex of BSE, the stocks of only three companies are seeing a decline of less than 0.50 percent. Whereas, the stocks of 27 companies are moving rapidly. JSW Steel and Tata Steel are seeing a growth of more than two percent. At the same time, there is a rise in all the sectors on Nifty. The fastest rise is being seen in Bank Nifty. Bank Nifty has risen 446.05 points. Apart from this, better growth is also being seen in Auto, Financial Services, FMCG, IT, Consumer Durable and Oil and Gas sectors.
Also Read: Common people got big relief on the first day of April, LPG price reduced by Rs 30
How can the market be?
Swastik Investmart Ltd. Pravesh Gaur, senior technical analyst, said that the meeting of the Monetary Policy Committee (MPC) of RBI will start from April 3. The policy rate will be discussed and the state of the economy will be analyzed in the meeting. Monetary review will be announced on April 5. Its effect will be visible on the market. Apart from this, with the release of vehicle sales figures on April 1, investors will keep an eye on the shares of these companies. He said that apart from this, people will also keep an eye on the position of the rupee against the dollar and the prices of crude oil. They will also keep an eye on foreign institutional investors (FII) and domestic institutional investors (DII) investments.
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