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The Sensex rose over 1,600 points.
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An addition of ₹7 lakh crore to investors' wealth.
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Fourth consecutive day of buying by foreign investors.
First day of Diwali and Diwali has already arrived in the stock market. Investors were all smiles as the market opened this morning. The results of the elections in the US have directly benefited our Dalal Street. Indian Stock Market Rally:
Today the Sensex jumped over 1600 points in a single day and stopped at 78,922. The Nifty too showed a gain of over 400 points to 24,391. After opening the market, people's money increased by Rs 7 lakh crore within a few minutes. The total value of all the companies listed on BSE crossed 500 lakh crores.
How did it all happen?
1. in america The Democrats won
The biggest reason is the US mid-term elections. There, the Democrats won in both houses of Congress. This is considered a big blow for Trump. Earlier, Trump's high tariffs, taxes and war in the Middle East had worsened the condition of our market. Now that the Democrats have won, people think that the US-Israeli war against Iran will soon stop. And the tariff tension will also reduce. The market has risen on this hope.
2. Crude oil became cheaper
Another major reason is that the crude oil used for petrol and diesel has become cheaper. Brent crude has now reached 93.5 dollars per barrel. It had dropped by 10 percent only yesterday. Oil has never been so cheap in the last two months. When oil becomes cheap, a country like us benefits. Because we buy oil from outside.
When oil becomes cheaper, inflation decreases and the country's expenditure also decreases. So the market got a support from this. An expert said that earlier the oil was going down slowly, but now it is going down fast. If this decline continues, the situation of our country will improve further.
3. Foreign investors return
Indians by foreigners on Wednesday stock market72.84 billion shares were bought. For the fourth day in a row, he has made a purchase. Earlier this year, they sold too much, so the market fell. Now it seems that they have turned to India again. Because of them, the market got money and boomed.
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4. Reforms in our country too
There are not only external reasons, the picture is changing in our country too. Both Nifty and Sensex have gained 5.6 percent in the last five days. There has never been such a consecutive increase in the last five months. Quarterly results of companies are also coming well. Due to this, people's trust has increased.
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So what to do now?
Overall, four things came together. Change in America, cheap oil, foreign money and good results for our companies. This gave new strength to the market. But remember one thing. How long this boom will last depends on oil prices and what is happening in the world. So don't get too excited and make wrong investments. Look at the situation calmly and then take a decision.