The stock market was quite frightened on Thursday with US President Donald Trump’s 50 per cent tariff, at one time trading the Bombay Stock Exchange’s major index Sensex with a decline of more than 700 points. After that there was a U -turn in the stock market. Recovery was seen in the stock market since half past one in the afternoon. Till a few minutes before the market closed, the Sensex appeared trading more than 120 points. When the stock market closed, it was on the green mark.
This means that in two hours, the Sensex closed up more than 800 points from the lower level of the day. The special thing is that investors have earned around 4.50 lakh crore rupees in these two hours. According to experts, this Uteron has been seen in the stock market only due to the holding of American tariffs till August 27. Let us also tell you what kind of figures have been seen in the stock market?
Fear of more than four hours
When the stock market was opened on Thursday, it was loaded with Trump’s extra 50 percent tariff. The fear of the tariff saw a fear of more than four hours on the stock market. Looking at the data, the Bombay Stock Exchange’s major index Sensex fell by about 300 points to 80,262.98 points in the morning, which increased continuously. The Sensex fell by 732 points at around 1.30 pm, with 79,811.29 points to the day’s lower level. For the first time after about 3 months i.e. 9 May, the Sensex was seen below 80 thousand marks.
On the other hand, the Nifty 50, the major index of the National Stock Exchange, also saw a similar decline. The Nifty was opened with a decline of about 100 points in the morning with 24,464 points. After that it saw a steady decline. But the Nifty was seen at the lower level of the day with a decline of 24,344.15 points with a decline of 230.05 points. The special thing is that the Nifty was seen below 24,350 points for the first time since May 9.
The stock market came again again
After about one and a half, the stock market started taking Uteron. This Uteron was not like that. The Sensex had jumped up to 900 points before the stock market was closed from its lower level. According to BSE data, the Sensex rose 926.26 points from the day of the day about 5 minutes before the market closed and reached the day high with 80,737.55 points. When the stock market closed, the Sensex closed at 80,623.26 points with a rise of 811.97 points from the lower level. However, in the first match, the Sensex saw a rise of 79.27 points.
Something similar was seen in the Nifty. Some similar utters were seen in the major list of National Stock Exchange, Kank Nifty. After half past one in the afternoon, the Nifty saw a boom and a few minutes before the stock market was closed, the Nifty witnessed an increase of about 290 points from the day’s lower level and reached the day high with 24,574.2 points. When the Nifty was closed, it closed at 24,596.15 points in Wednesday’s match with a gain of about 22 points. Which was 228.01 points from the lower level of the day.
Which shares are benefited
In the 30 -share pack of the Sensex, Tech Mahindra, HCL Tech, Eternal, Axis Bank and Maruti Suzuki shares recorded the highest growth of 0.7 per cent to 1.7 per cent. Looking at the sectoral index, IT and finance stocks also supported recovery, 0.1 percent in IT stocks and 0.9 percent in finance shares. The Nifty Bank and the Nifty PSU bank index rose 0.2 per cent and 0.3 per cent respectively.
Energy and oil and gas stocks, which were nearly 1 per cent below the intrade, which was almost 0.2 per cent falling down by about 1 per cent, amid the concerns of increasing the cost of refineries due to disruption in supply of crude oil from Russia. Auto and pharmaceutical shares, which have a deep connection with the US economy, also recovered from earlier losses with a gain of 0.3 per cent and 0.8 per cent respectively.
Among the notable shares, Hero MotoCorp recorded an increase of 4.2 per cent before the analysts recorded a quarterly income before the expectations of the analysts. The broad market perception was strong, the Nifty mid-cap and small-cap index rose 0.3 per cent and 0.2 per cent respectively. Both the Sensex and the Nifty had fallen nearly 1 per cent at the beginning of the 50 session, which had reached their lowest level since May, but later improved.
Investors profit of 4.50 lakh crores
In two hours, this fast investors got a profit of about 4.50 lakh crore rupees. When the stock market was at the lower level of the day at half past one in the afternoon, the market cap of BSE was at Rs 4,40,87,150.80 crore. The stock market which came to Rs 4,45,35,676.87 crore. This means that the stock market investors got a profit of Rs 4,48,526.07 crore. By the way, investors have benefited much less in the first match.