Mumbai, First Published Mar 15, 2022, 9:55 AM IST
The Mumbai Stock Exchange and the National Stock Exchange have started trading with gains for the 6th consecutive day. Investors eagerly buy and exchange shares as international factors are favorable.
Negotiation
Despite the war between Ukraine and Russia on the one hand, investors hope that the context of the talks between the two sides will ease global tensions. In addition, the price of crude oil has been steadily declining since the start of negotiations between Ukraine and Russia. This has given investors more confidence.
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Inflation
Domestic retail inflation, which investors had longed for, also did not rise sharply. It is slightly higher in February than last January. Investors were encouraged when economists said they did not need to worry too much, despite the Reserve Bank’s warning.
The question for investors is whether the US Federal Reserve will raise interest rates on the 16th or continue at the current level. However, most economists and market analysts have warned that the Federal Reserve will raise interest rates by 25 percentage points. Indian stock markets will remain volatile unless interest rates are raised.
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Excitement
The Bombay Stock Exchange was up 200 points and the Nifty was up 50 points at the start of trading this morning. As investors continue to buy shares with enthusiasm, trading is going in a positive direction.
Decline
On the Mumbai Stock Exchange, only Tata Steel, Reliance Industries, Techmahindra, Kodak Bank and Infosys were down. All 24 stocks, including Asian Paints, Mahindra & Mahindra, Maruti, Ultratech Cement, Axis Bank, Larsen & Toubro, ICICI Bank, HDFC Bank and SBI, moved higher.
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Profitable sectors
In the Nifty on the National Stock Exchange, banking, automobile, financial services, FMCG, pharmaceuticals, public sector banking, private banking and real estate sectors are moving profitably. At the same time, IT, media and metals stocks are down.
Last Updated Mar 15, 2022, 9:55 AM IST