The major impact of the announcement of the trade agreement between India and America on Monday night was clearly visible on the stock market on Tuesday morning. After a huge fall on the day of General Budget (01 February), the stock market made a strong comeback on Tuesday. Sensex jumped by 3200 points while Nifty jumped by 1200 points.
Bumper boom in the market after the agreement with America
In early trade on Wednesday, Sensex rose 3,656.74 points to 85,323.20, while Nifty rose 1,219.65 points to 26,308.05. The market is still bullish even at 11 o’clock, one and a half hours after the start of trading. Shares of most of the companies listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) continue to rise.
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There was a rise in these stocks including Reliance-Adani
The effect of 18 percent tariff reduction and agreement on trade agreement was visible in the stock market from the beginning of the day. There was a stormy rise in the shares of many big companies including Reliance-Adani. According to the information, Adani Port shares jumped by 6.91 percent. Shares of giant company Reliance also showed a rise of 4 percent.
Stock market closed with gains
After facing a huge fall on the budget day, the stock markets gained momentum on Monday (02 February) and the benchmark Sensex rose 943 points. The market witnessed a surge due to buying in blue-chip oil and gas, banking and auto stocks.
The 30-share BSE Sensex closed 943.52 points or 1.17 per cent higher at 81,666.46.
During the day, it rose 1,009.31 points or 1.25 percent to an all-time high of 81,732.25.
The 50-share NSE Nifty closed 262.95 points or 1.06 per cent higher at 25,088.40.
During the day it rose 282.65 points or 1.13 percent to 25,108.10.
