The ongoing ups and downs in the stock market were seen today as well. The Sensex has once again jumped after waiting for many days. This rise in the Sensex was seen due to the victory of the BJP. On Tuesday, the stock market jumped by 600 points amid the election results. The effect of the results in favor of BJP in Haryana was seen on the market. After a sluggish start, as the BJP’s seats were sure to increase, both Sensex and Nifty started running. Around 2 pm, the Bombay Stock Exchange reached 81669 with a jump of 617.35 points.
How was the condition of the global stock market
Along with large, midcap and smallcap are also trading flat. Nifty Midcap 100 index was down 89 points or 0.16 percent at 52,217 and Nifty Smallcap 100 index was down a slight decline of 8 points at 18,234. There is mixed trading in the Asian market. Tokyo, Hong Kong and Seoul are down, while Bangkok and Jakarta are up. The US stock market closed in red on Monday’s trading session.
Reasons for the rise in the market
The results in favor of BJP in the Haryana elections increased the confidence of investors, due to which the market started rising.
What do experts say
Market experts say that global trends remain negative due to the conflict in the Middle East. Foreign investors are also selling. Due to this, Nifty has fallen by about 5.5 percent from its highest level. At such a time, investors should work on the strategy of investing in good shares of sectors with the right valuation like IT and banking.
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