new Delhi. The Indian stock market is closing on a steady increase for the last five trading sessions. Experts predict that the positive mood of the market will continue on Tuesday as well and will see an uptrend.
The Sensex and Nifty opened on Monday with a slight gain, but in the end, the Sensex closed at 56,486 with a gain of 936 points, while the Nifty rose 241 points to reach 16,871. Experts say that even today, if the confidence of domestic investors remains intact, then the Sensex will cross the level of 57 thousand and Nifty 17 thousand. Many big factors will affect trading today.
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US and Europe markets
America’s major stock exchange Nasdaq also saw a big fall on Monday and closed at 2.04 percent loss. However, European markets made strong gains. Germany’s stock exchange saw a big increase of 2.21 percent and 1.75 percent in France. Apart from this, a jump of 0.53 percent was also seen on the London Stock Exchange.
Asian markets mixed trend
The Asian markets are seeing volatility on Tuesday. While there was a decline of 0.52 percent on the stock exchange of Singapore, South Korea is trading at a loss of 0.68 percent. In contrast, Japan’s stock market is seeing a rise of 0.14 percent. Its effect will also be seen on the sentiment of Indian investors.
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Confidence of domestic investors maintained
Foreign institutional investors (FIIs) have become disillusioned with the Indian market. Foreign investors have been continuously withdrawing capital from the market for almost two months. On Monday too, FIIs sold shares worth Rs 176.52 crore, while domestic investors bought shares worth Rs 1,098.62 crore. This was the reason that yesterday the market closed with a big gain.
Tags: Nifty, Sensex, Share market
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