Today’s growth in the stock market has been the fastest growth in the last one year. With this, the wealth of investors has increased by Rs 5.4 lakh crore in a day.
Record rally in the market
Image Credit source: PTI
With the help of positive signals from overseas markets Share Market Monday (stock market today) has been compensated for the loss. With Tuesday’s sharp rise, the market has once again come close to the levels of February 11. After a sharp fall of 3 percent on Monday in the feared market of Ukraine, the market registered a rise of 3 percent on Tuesday, the Sensex (Sensex) at the end of trading.sensex) closed at 58,142 with a gain of 1736 points, while Nifty (nifty) closed at the level of 17352 with a gain of 507 points. This increase recorded in the market has been the fastest increase recorded on any single day in the last one year. In today’s business, there has been an all-round boom in the market. All the stocks included in the Sensex closed with gains today. The volatility index fell sharply by 10 percent as hopes of a resolution to the Ukraine crisis rose. In today’s business, maximum growth has been registered in the auto and banking sector.
Why did the market gain
Today’s rise in the market has been seen after signs of decreasing tension in Ukraine. The Russian government has indicated that there may be a deal with European countries in Ukraine. Russia’s foreign minister has indicated that his government wants to settle the matter without confrontation with the West. Crude oil prices have also seen a fall after positive signals from Russia. After better signals, investors bought the market which reached lower levels after Monday’s fall and saw an increase in the market. Today’s growth in the stock market has been the fastest growth in the last one year. With this, the wealth of investors has increased by Rs 5.4 lakh crore in a day.