Share Market Rise Today: After the fall for 6 consecutive weeks, the Indian shares were signs of initial recovery on August 11 in the markets today. The Sensex jumped up to 650 points during trading. At the same time, the Nifty again achieved the crucial level of 25,500. The market sentiments have been strengthened by the lower level shopping and return of foreign investors. Good signals from the global market have also supported the market boom.
Around 2.35 pm, the Sensex was trading at 80,509.36 with a gain of 651.57 points or 0.82%. At the same time, the Nifty climbed 204.90 points or 0.84% to 24,568.20. During this period, 1,924 shares were seen to rise, 1,750 declines and 130 shares were seen trading without changes.
There were 4 important reasons behind this boom in the stock market today-
1. Value Bing at Lower Level
2. Positive Global Signs
Almost all major index of Asian stock markets appeared trading in green mark on Monday. Japan’s stock market was closed due to holiday, but its futures saw a boom. Wall street futures were also in a slight increase, while on Friday, the record closed for the second consecutive day, climbing Dow 0.5%, S&P 500 0.75% and Nasdaq 1%.
3. PSU bank shares boom
The shares of public sector banks saw a good rise on Monday. This fast was led by State Bank of India (SBI) and Bank of India. SBI shares jumped up to 2.2 per cent after a quarterly result. Apart from this, many other sector companies including Grassim Industries saw a boom on their strong quarterly results today.
4. Crude oil prices fall
The price of Brent crude fell 33 cents to $ 66.26 per barrel on Monday. The price of WTI crude declined by 39 cents to $ 63.49. In the last one week, the price of crude was reduced by more than 4%. Investors are waiting for the consequences of negotiations between the US and Russia over the Ukraine War this week. Trump said on Friday that he would meet Russia’s President Vladimir Putin in Alaska on August 15 and talk to ending the war.
What do experts say?
Vijaykumar, the Chief Investment Strategist V, the Chief Investment of the Jeepy Investment, says that this week the stock market will depend more on Ziopolitical developments than economic data. He said, “Investors’ eyes will remain on the results of the Trump-Putin Dialogue in Alaska. If the Russian-Ukraine war ends, the restrictions on Russia from the US can be lifted. In such a situation, India can also consider withdrawing 25% penalty tariffs imposed on Russia due to buying oil from Russia. It can also be considered.
He said, “For the last six weeks, Indian markets have been doing weaker performance than the rest of the global markets. The Nifty has fallen by 7.6% from the record high of September 2024. A sharp rally is possible due to short cover when any positive news comes, but long -lasting boom will come only when strong support from the Arnings Front will get strong support. This condition can be made from the third quarter. Is.”
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