The stock market opened with a huge gain on Tuesday and it is witnessing a tremendous increase in the early trade. Apart from this, the Sensex opened at 40,178.74 with an increase of 306.44 points today. At the same time, the Nifty of the National Stock Exchange opened today at 11,786.25 with an increase of 78.35 points. The same Sensex was trading 793.40 points at 40,665.71 in early trade on Tuesday morning at 11.55 am and the Nifty gained 237.80 points. Was trading at 11,945.70. With this, the stock market closed with a sharp fall on the budget day. The Bombay Stock Exchange Sensex fell by over 900 points. At the same time, the Nifty had come down to 11,700.
Air India will now go into private hands, Tata group will bid
But Manglaver is trading with a huge bounce market. Let us know what is the reason for the rise in the market… Global recovery - Concerns have been expressed at the global level due to the outbreak of coronovirus. The same effect is being seen in China. More than 400 people have died due to this virus, although more than 20,000 are infected in China. Viral infection has spread to 23 countries. Apart from this, the Shanghai Composite of China has gained over half a percent amid short-covering after falling over 7 percent in the previous session. Apart from this, Japan's Nikki, Hangseng also saw an increase. The same grew in Dow Jones.
Modi government's big gift to private employees, working on this scheme
The same steady oil prices - due to coronovirus many countries have canceled their flights to China. Due to this, it has come down sharply amid fears of lower oil prices. Brent crude futures returned $ 55 per barrel during the day. There was nothing very big in the budget, but not too negative - the expectations people had from the budget remained in the grip but very big negative as well was not. It was designed keeping in mind the long-term condition of the country rather than focusing on short-term development. The budget did not mention the long-term capital gains (LTCG) tax, which was expected to be quite high, but introduced a new personal income tax regime, abolished the dividend distribution tax and invested FIIs in corporate bonds. Limit extended.
