Stock market today: The American tariff is not expected to have any effect on the GDP. GDP performed brilliantly in the first quarter. Meanwhile, the 30 -digit Sensex rose 368.48 points to 80,178.13 on the first business day of the week. Whereas on NSE, the Nifty 50 % climbed 112.65 points at around 9.30 am and touched the level of 24,539.50.
These shares boom
Today, the stock market saw a good rise in shares of many companies. Infosys shares rose to 1.90 percent, while Bajaj Finance recorded a strength of 1.65 percent, 1.63 percent in Tech Mahindra, 1.47 percent in Adani Ports and 1.32 percent in power grid shares.
On the other hand, the shares of some veteran companies also saw a decline. Maruti Suzuki shares fell 0.54 percent, while Hindustan Unilivor fell 0.53 percent, Sun Pharma 0.34 percent, Reliance Industries 0.30 percent and ITC shares down 0.12 percent.
What is the opinion of experts?
Dr. V.K. Vijaykumar believes that at the present time there are major changes on both global and domestic levels, which are directly affecting the Indian market. Globally, the coming together of China, Russia and India is a sign of change in power balance, which will affect trade and investment flows in the coming times.
Along with this, the US court termed the trump tariff illegal can create a positive atmosphere for international trade, and if the Supreme Court also retains this decision, it can benefit from emerging markets like India. On the other hand, India’s economy has registered a strong growth of 7.8 percent in the first quarter on the domestic front, which is much better than the estimate. This signal is reliable to investors and this can give positive trends in the stock market. Thus, a combination of global conditions and domestic strength is creating a favorable environment for the Indian market.
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