new Delhi. The Indian stock market had made tremendous gains last week and the sentiment of the market, which opened three days later on Monday, is also looking positive.
Experts believe that the stock market will continue to rise on Monday and the Sensex will once again cross the level of 58 thousand. Last week, the Sensex had reached the top of a month. On March 17, the Sensex gained 1,047 points and closed at 57,864. Nifty also strengthened by 312 points and closed at 17,287. Even today, if the momentum continues, the Sensex will cross the figure of 58 thousand after more than a month.
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US and European markets rise
After the softening of crude oil prices in the midst of the Russia-Ukraine War and the Fed Reserve raising the interest rate by 0.25 percent, the US market is showing a boom. Nasdaq Composite closed with a gain of 2.05 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 0.17 percent. France’s CAC also rose 0.12 percent and London’s FTSE stock exchange saw a jump of 0.26 percent.
Asian markets also saw a rise
Most of the stock markets of Asia have opened with gains on Monday morning. There is a jump of 0.76 percent on the stock exchange of Singapore, while Taiwan is trading with a gain of 0.64 percent. Although South Korea’s stock market was down 0.27 percent, but China’s Shanghai Composite was trading with a gain of 0.14 percent.
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Returning confidence of foreign investors
Foreign Institutional Investors (FIIs) have bought shares after more than a month in two consecutive trading sessions. On March 17, foreign investors bought shares worth Rs 2,800 crore, while domestic investors caught selling. During this, domestic investors sold shares worth Rs 678.45 crore.
Tags: BSE Sensex, Share market
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