The Indian stock market seems to be recovering from the big fall of last week and even today the market is expected to rise. Experts say that in today’s business, not only will the effect of the rise in the global market be seen, positive sentiment is also visible among domestic investors.
The Indian stock market has recovered from the continuous decline of last week and this week is expected to rise for the third consecutive session. Even today, if the market takes the path of bullishness, then the Sensex will cross 55 thousand.
The Sensex had touched the level of 54,318 with a gain of 1,300 points in the last trading session, while the Nifty closed at 16,259 with a gain of 400 points. Experts predict that Sensex and Nifty can make gains in early trading today. There are also signs of bullishness in the market from the side of the global market, whileLICInvestors are very excited after the listing.
US and European market boom
US Fed Reserve leader Jerome Powell has said that interest rates will continue to rise until inflation is brought under control. After this statement, there was a communication of positivity in the US stock market and in the last trading session, the major stock exchange Nasdaq saw a rise of 2.76 percent.
Apart from America, the European market is also showing a boom today. Europe’s main stock exchange is seeing a rise of 1.59 percent on Germany, while France’s stock exchange is on a jump of 1.30 percent. The London Stock Exchange also closed on the rise and saw a rise of 0.72 percent.
Asian market also on the rise
The effect of the rise in the US and European markets was also visible on the stock markets of Asia. Almost all the stock markets of Asia that opened this morning are showing gains. Japan’s Nikkei is trading at a gain of 0.59 percent, while the Taiwanese market is seeing a rise of 0.86 percent.
However, losses are also visible in some markets. Singapore Stock Exchange was trading 0.21 per cent lower, Hong Kong 0.74 per cent lower, while China’s Shanghai Composite is also down 0.49 per cent.
Foreign investors continue to sell
The process of selling of foreign investors from the Indian stock market continues. In the last trading session also, Foreign Institutional Investors (FIIs) sold shares worth Rs 2,192.44 crore. However, during this period, domestic institutional investors have also made large investments in the market. Domestic investors had bought shares worth Rs 2,294.42 crore.
