The world’s stock markets fell on the fear that America may be affected by the financial crisis. Doubts that the interest rate will not decrease are also raised. As a result, India’s Sensex and Nifty fell like the indices of various countries. On Friday, as soon as the fear of recession faded, they jumped in line with the world market. The Sensex gained 1330.96 points (1.68%) and entered the 80,000 mark again. Stopped at 80,436.84. Share assets of investors increased by Rs 7.30 lakh crore. And the Nifty ended the day at 24,541.15. Up 397.40 (1.65%). All the information technology companies that do business in America, their share prices have increased enormously on this day.
According to expert Ashish Nandy, the stabilization of the Japanese currency, the yen has helped the world market to turn around. Also, retail shopping has increased in America. Retail price inflation has also declined. Weekly unemployment benefit claims have fallen. As a result, it is believed that the top bank of the country may reduce the interest rate this time. All this has reduced the risk of recession in that country. So most markets around the world were bullish this day. On top of that, the rate of retail price inflation in India has also widened the way to lower interest rates. So the market has risen so much.
According to Kamal Parekh, former president of the Calcutta Stock Exchange, “Now there is a bunch of good news. His impression is on the market. However, it is not sure how much it can be retained. As a result, revisions may come at any time.” Expert Vinay Aggarwal advises buying good stocks in every fall in the market.
