Will the stock market take a U-turn?
After, the stock market is falling constitutionally, the BSE Sensex and NSE Nifty move on. On Wednesday increased buying in midcaps and small caps. Sensex, Nifty jump 1% today after 5-days fall; global cues among the key factors behind markets bouncing back, the rally in Sensex and Nifty today was driven by positive cues from stock markets and a little moderation in the US inflation data.
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Key Market Movers
Several stocks played a crucial role in market boom on Thursday:
- Top gainers: Asian Paints, Tata Steel, HCL Tech.
- NSE top performers: Asian Paints, BPCL, Shri Ram Finance
The market could not break the major resistance of 22,000.
On Wednesday, stock markets expectations and rebounded sharply, with the Sensex gaining over 800 points to close at 73,822 and the Nifty gaining to 22,362.65. The rally came continued uncertainty around Donald Trump’s tariff policies, which have triggered global trade concerns. But The market could not break the major resistance of 22000.
Trying to break the resistance of 22,500 by taking a U-turn in the market
BSE Sensex opened today down by 111.38 points or 0.15 percent at 73,618.85 after its previous close of 73,730.23 in Indian stock market. On Wednesday whereas NSE Nifty index is currently at 22,383.35, down 46.05 points or 0.21 per cent. The nifty 50 was trying to break the resistance of 22500 but after the U-turn in the market was taken.
Today’s boom will bring a wave of happiness among investors.
The rise today came amid to talks that the Trump administration could reverse some of tariffs it imposed on Canada and Mexico a day ago. On the benchmark front, Nifty face resistance around the 22,500-22,700 zone if the recovery continues. Amid this setup, we maintain a stock market-specific approach, favouring banking, financials, and metals for long trades while remaining selective in other sectors by investors.
Actually, this is unexpected move of the market
Higher side on the stock market, the indices could move up to 22,500-22,550 and 74,300-74,500 levels. The uptrend would be more vulnerable on falls below 22,200 and 73,200 on Nifty and Sensex. And this actually the unexpected move of the market.
Market could not digest Donald Trump’s tariff drama.
The real concern remains Trump’s tariff moves. Canada, China, and Mexico have already announced countermeasures, with Mexico expected to reveal more details soon.
After April 2, it may be noted that US President Donald Trump, in his speech to Congress, confirmed that new reciprocal tariffs would take effect. This could trigger volatility across global markets, including India.
India is a stable country so it’s sure investor will not get the huge profit.
The rallies in the Indian stock market came today amid reports that US President Donald Trump is likely to announce a compromise with Canada and Mexico as early on Wednesday. In India, the country is a stabled country so it’s sure that the huge profit by investors in India will not be taken.
Donald Trump deflated Ukraine.
The war will end soon as The head of parliament’s foreign affairs committee, Oleksandr Merezhko, says suspending US is dangerous for Ukraine’s ability to defend its own civilians. Zelensky had been ready to sign-off on the deal with Trump on Friday before he was told to leave the White House.
Now the national Ukraine war may come to an end.
After last Friday’s disastrous meeting in the Oval Office, it seems nothing that he says goes down well with President Donald Trump. And now the US has suspended aid to Ukraine, his options are looking increasingly thin.
Even a former has turned on him, suggesting “he either needs to resign and send somebody over that we can do business with, or he needs to change”.
Related stock market:
1.The stock market sentiment is completely confusing the investors.
2. शेयर बाजार का माहौल निवेशकों को पूरी तरह भ्रमित कर रहा है।
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