Asian stock markets saw a spurt on Tuesday due to strong global cues. On Tuesday, there was a tremendous comeback in Indian stock markets. The Bombay Stock Exchange Sensex opened with a gain of 625 points at 33,853.72 in the morning.
Asian stock markets saw a spurt on Tuesday due to strong global cues
On Tuesday, there was a tremendous return in Indian stock markets. The Bombay Stock Exchange Sensex opened with a gain of 625 points at 33,853.72 in the morning. By 9.18 am, the Sensex rose by 770 points to reach 33,998.
Similarly, the National Stock Exchange's NIFTY opened at 10,014.80 with a bounce. The US Federal Reserve has announced a corporate bond purchase program that has boosted investor confidence. Tata Motors suffered heavy losses in the March quarter, due to which its shares fell nearly 2 per cent today. In early trade, around 856 stocks rose and 114 stocks declined.
Asian Stock Markets Strong Condition
After the boom in the US volatile futures market, Asian stock markets also saw a boom on Tuesday. Investor sentiment has been strengthened by the US corporate bond purchase program and Corona's return worries have also decreased.
There was a heavy fall on Monday
Significantly, on the first Monday, there was a huge decline in the Indian stock market. The news of Corona's return to China created panic among the stock markets around the world and due to this, Indian stock markets also broke on Monday. On Monday, the Bombay Stock Exchange Sensex started trading at a low of 110 points, with the Sensex down by 647 points at 33,133.83 till 10.38 am. The Sensex ended 552 points down at 33,228.80 at the end of trading.
NIFTY Status
Due to weak global cues, selling in markets dominated. NIFTY went down from 9850. At the end of trading, the NIFTY lost 159 points and closed at 9813. About 1308 shares saw a rise and 1223 shares declined.
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