Share Market: Market booms again after decline, Sensex jumps more than 100 points

Share Market: The stock market has been in full swing for the last two days. The market closed on the green mark on Wednesday and Thursday. The market also rose on Friday, but later it fell. All Sensex is up more than 100 points. On Thursday, the Sensex closed at 74,340.09, up about 610 points.

At the same time, the Nifty also closed at 22,544.70 points with a gain of 207.40 points. Heavy buying in Reliance Industries played an important role in lifting the market. Big fall in Adani Green Energy

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The shares of Adani Group companies are performing mixed. Adani Green Energy has fallen by two percent. At the same time, Adani Enterprises is also trading in the red mark. However, Adani Ports, Adani Power, Adani Total Gas are still in the lead.

Rise in many shares including Reliance

The market is still bullish. Right now, many shares including Reliance Industries and Tata Motors are trading in the green mark. Reliance shares are currently up more than 3 percent. At the same time, shares of Tata Motors, Adani Ports etc. are maintaining a gain of more than one percent.

Market rose today

The Sensex opened with a green mark at 74,347.14 on Friday. However, the Nifty started with a decline. But later it gained momentum. At 10:30 am, the Sensex was trading at 74,453 with a gain of about 113 points. Nifty was at around 22,587 with a gain of 42.95 points.

FIIs sold heavily

Foreign investors (FIIs) are withdrawing heavily from the Indian stock market. This is the biggest reason for the decline in the market. Talking about February alone, FIIs sold shares worth Rs 34,574 crore.

The main reasons for the sell-off were the strength of the dollar, increase in US bond yields, etc.

Sharp decline in 6 months

The stock market has seen a sharp decline in the last 6 months. The Sensex has fallen by more than 8 percent. At the same time, the Nifty has also plunged by more than 9 percent. During this period, the performance of the country's most valuable company Reliance Industries has also been very weak.

Reliance shares have fallen by more than 17 percent in 6 months. Not only 6 months, Reliance's performance for one year has also been lackluster.

Tariff exemption brought a rise

US President Donald Trump has announced a one-month exemption from his 25% tariff to vehicle manufacturing companies of Canada and Mexico. The condition is that these companies follow the existing free trade rules. This led to a rise in the markets of America and Europe and Asian markets also benefited.

Summary

The kind of stance the stock market has adopted in the last two days has brought happiness to the investors again. The long-running decline in the market seems to be taking a break. The market closed on the green mark on Wednesday and Thursday. The market also rose on Friday, but later it fell. But after some time, it gained momentum.

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