New Delhi. The Indian stock market is expected to rise on Wednesday as well. Experts say that the momentum created on Tuesday can continue even today, because the global market is showing signs of bullishness.
The BSE Sensex closed with a gain of 1,736 points on Tuesday, recovering from Monday’s big fall. Similarly, the Nifty also climbed 510 points to reach 17,352.50 and recovered all the fall from the day before. Big sectors like Bank, Financial, Auto, IT and Realty also saw a revival. Market experts say that on Wednesday, the market will be affected by many factors, which can maintain positive sentiment.
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Growth in other global markets including America
The stock market of America, Europe saw a decent rise on Tuesday. On February 15, the US stock exchange NASDAQ saw a 2.53 percent gain, while the Paris stock exchange CAC closed at 1.86 percent. London Stock Exchange FTSE closed with a gain of 1.02 per cent and Germany’s exchange DAX up 1.98 per cent.
Bullish trend in Asian markets
The Asian markets, which opened on the morning of February 16, are also showing a bullish trend. Japan’s is trading at a gain of 1.96 percent, while Singapore’s stock exchange is also trading on the rise. South Korea’s stock exchange Cospi is also trading with a gain of 1.73 percent.
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Positive sentiment from domestic investors
The process of withdrawing capital from the market on behalf of Foreign Institutional Investors (FIIs) is going on. On February 15 also, FIIs pulled out capital of Rs 2,298.76 crore from the stock market. However, due to the positive trend of domestic investors, the market remained bullish. Domestic investors bought shares worth Rs 4,411.60 crore on Tuesday, due to which the market closed higher by more than 1,700 points.
Tags: BSE Sensex, Nifty, Share market
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