Mumbai (Maharashtra) [India]March 25 (ANI): Indian stocks continued the movement on Tuesday’s opening, marking the rally continuously for the seventh season.
The Nifty 50 index opened at 23,751.50 with a gain of 93.15 points or 0.39 percent, while the BSE Sensex opened from 311.90 points or 0.40 percent to 78,296.28.
Experts stated that the market is recovering due to buying foreign investors; However, the challenges still remain as Trump is ready to announce the new trade tariff on 2 April.
Ajay Bagga Banking and Market Expert told ANI that “Indian markets are benefiting from FPIs and a sharp short cover by some domestic investors, which are wrong to jump in benchmark indices to jump more than 7 percent wrong and last week to jump more than 7 percent in comprehensive indices last week.
He further said, “Improvement in global spirit is also helping. On April 2, the global trade remains a challenge. Broken news by Wall Street Journal is that Trump mutual tariffs will be less comprehensive -based, and there will be many exceptions given to areas and countries, leading a global relief rally.”
In the Sectoral Index on NSE, Nifty PSU Bank increased by 0.62 percent after more than 3 percent on Monday. All areas are in green, showing signs of recovery. Nifty Auto gained 0.51 percent, Nifty It was 0.87 percent, and Nifty PSU Bank also increased by 0.62 percent.
The initial session of the Nifty 50 includes UltraTech Cement, HCL Tech, TCS, Infosys and Wipro, while the top losers include Dr. Reddy, Britannia, IndusInd Bank and Apollo Hospital are included.
Akshay Charachalkar, head of the research of Axis Securities, said, “Roses Nifty for the sixth day tomorrow, but India also jumped through safety through Vicks, recently looking at the boom of advance. Although the width has become strongly firm, there is a need for three reverse for advances. Three reverse is needed. 23827 and 23960 zone will be seen, while the first support will be seen near 23402”.
In other Asian markets, all other markets received the Hong Kong’s Hong Seng Index and South Korea’s Kospi Index and were trading positively at the time of filing this report. Nikkei 225 increased by 0.7 percent, while the Taiwan weighted index increased by 0.72 percent. (AI)
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