Mumbai1 day ago
- copy link
There was a rise in the stock market today i.e. on 1st April. Sensex closed at 73,134 with a rise of 1,187 points (1.65%). There is also an increase of 348 points (1.56%) in Nifty, it reached the level of 22,679. Today there was more buying in banking, media and metal shares.
Out of 30 Sensex stocks, 25 rose and 5 declined.
2 main reasons for market rise
- Signs of ending tension in Middle East: US President Donald Trump has said that the ongoing war with Iran could end in the next 2 to 3 weeks. He claimed that America has achieved its target and the operation is in the last stage.
- Impact of good signals from global market: Good signals from markets around the world have increased investor confidence. Today all the major markets of Asia closed in the green with gains. Earlier, American markets had also closed on a positive note.
Asian market also booming
- South Korea’s Kospi index rose 8.44% to close at 5,478.
- Japan’s Nikkei index closed 5.24% higher at 53,739.
- Hong Kong’s Hang Seng index closed 2.04% higher at 25,294.
- China’s Shanghai Composite Index rose 1.46% to close at 3,948.
American market increased on March 31
- The Dow Jones rose 1,125 points (2.49%) to close at 46,341.
- Tech-based index Nasdaq Composite rose 3.83% to close at 21,590.
- The S&P 500 index rose 184 points (2.91%) to close at 6,528.
Crude fell 1% to $ 103 per barrel
Today crude oil is down about 1%. It has come to $103 per barrel. Before the Iran war started on February 28, crude oil prices were around $70 per barrel.
There was a decline in the market on March 30
Earlier on March 30, the Sensex had closed at 71,948 with a fall of 1636 points (2.22%). At the same time, Nifty also declined by 488 points (2.14%), it closed at the level of 22,331. Whereas yesterday i.e. on 31st March the stock market was closed due to Mahavir Jayanti.
