The ongoing decline in the stock market has been halted today. Sensex has seen a rise today. The gloom that had been prevailing in the stock market for the last 10 days has turned into happiness today and Sensex has jumped.
Sensex Soars 900 Points – What’s Behind the Market Rebound?
The stock market has seen a revival today and Sensex has jumped up to 900 points. Sensex and Nifty have also ignored the tariff threat of US President Donald Trump. Neither the selling by foreign investors could dominate today nor the bickering between the US and China. In such a situation, there is definitely a question in the minds of investors that who is behind this sudden rise in the stock market?
₹8 Lakh Crore Added to BSE Market Cap
Thanks to the revival of the stock market on Wednesday, the market cap of BSE listed shares has jumped up to Rs 8 lakh crore. The market cap of BSE listed companies reached Rs 392 lakh crore. The stock market has seen a recovery today, while the US markets have seen a sharp decline. Now let us understand the reason behind this. Sensex till the time of writing the news
Factors Driving the Stock Market Rally
The market has returned to boom today due to the reduction in selling by FII i.e. foreign investors and some good news. After a long decline, the market has been able to recover from the lower level. Amidst the news of tariff war, the market is reacting more to positive news and recovery is being seen in the market. Not only this, but the market also got strength due to the fall in crude oil dollar and bond yield.
Fall in Crude Oil Prices – A Positive Sign for India
Not only this, the fall in crude oil prices has also supported the market. Crude oil prices reached the level of $ 70 per barrel, which is a positive sign for the Indian economy.
