Today Sensex gained 1000 points, Nifty also showed strong rally!
Amidst the huge fall in the stock market on Monday, indian equity benchmark indices BSE Sensex and Nifty-50 saw a tremendous rise on Tuesday. BSE Sensex crossed 74,800, while Nifty-50 went above 22,650 in intraday.
BSE Sensex closed at 74,227.08 with a gain of 1,089 points or 1.49 percent. Similarly, Nifty-50 closed at 22,535.85 with a jump of 374 points or 1.69 percent. Nifty Auto, IT, Realty, Metal also did great business. These registered a gain of 1.2-2.5 percent and with this the three-day decline also stopped.
How long will the instability remain in the global market?
Speaking to Economic Times, Dr VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, "The increased uncertainty and instability in the global market will continue for some more time. This upheaval has given some important indications such as the trade war is going to be limited between the US and China. Many other countries like the european union and japan have opted for negotiations. india has already started negotiations on a bilateral trade agreement (BTA) with the US." He further said, "Secondly, the possibility of recession in the US has increased.
Thirdly, china is most likely to be affected by tariffs. If Trump's threat of imposing 50 percent more tariffs on china is implemented, it will almost stop Chinese exports to the US. Fourth, china will try to dump its products like metals in other countries." Investors remain in wait and watch mode He further said, "Investors can remain in wait and watch mode for some time as it will take time for the situation to become clear. Since, India's macros are stable. We can grow at around 6% in FY26, the valuation of large caps is also good, so long term investors can think of investing in high quality large caps. Since trump is unlikely to impose tariffs on pharmaceuticals, these stocks can be bet on.
click and follow Indiaherald WhatsApp channel