new Delhi. The Indian stock market has shown a positive move this week and it is expected to continue on Thursday as well. Today the Sensex can again go beyond 58 thousand.
The Sensex and Nifty also showed a rise on Wednesday and closed on a big gain after a slow start. During this, the Sensex climbed 697 points to 57,989, while the Nifty closed at 17,315.50 with a gain of 198 points. This is the highest level of Nifty since February 16. Investors had invested heavily in banks, auto, IT and metal stocks.
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US and European markets rise
The US market is showing steady improvement. The largest stock exchange Nasdaq Composite saw a rise of 1.95 percent. Not only this, there was an atmosphere of bullishness on all the three major stock exchanges of Europe. Germany’s DAX closed with a gain of 1.02 percent. France’s CAC also saw a jump of 1.17 per cent and London’s FTSE stock exchange saw a jump of 0.46 per cent.
Asian markets also showed a jump
Most of the stock markets of Asia have opened with gains on Thursday morning. There is a jump of 0.36 percent on the stock exchange of Singapore, while there is a rise of 2.74 percent on the Japanese exchange. Apart from this, there was a jump of 0.82 percent in Hong Kong’s stock market and 0.76 percent in Taiwan. The South Korea Stock Exchange is up 0.83 percent and China’s Shanghai Composite is up 0.07 percent.
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Returning confidence of foreign investors
Foreign Institutional Investors (FIIs) have started buying shares from the Indian market after more than a month. On March 22, foreign investors bought shares worth Rs 384.48 crore, while domestic investors caught selling. During this, domestic investors sold shares worth Rs 602.05 crore.
Tags: Nifty, Sensex, Share market
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