Share Market Today: Strong start for the stock market, Sensex rose by 358 points and Nifty gained by 101 points.

Indian Share Market Today: Today, on Wednesday, April 29, the Indian stock market has given a big relief to the investors and it opened with a boom. According to the stock market, BSE’s 30-share Sensex opened at 77245 with a gain of 358 points. Along with this, NSE Nifty also scored a bullish century and registered a gain of 101 points and started trading at 24,096. With this strong start, happiness has returned on the faces of investors in the market and there is full hope of good business going forward.

Despite mixed signals from global markets, the Indian market has proved its strength and performed very well. Although some decline and huge weakness was seen in the American and Asian markets, here its impact was completely less. GIFT Nifty was trading at a light premium which had already given big signs of a positive start for the market. Amid huge fluctuations in the energy and commodity markets, this positive trend of the Indian stock market is a matter of great relief for all investors.

Asian and American markets

Asian markets remained weak on Wednesday, with South Korea’s Kospi falling 0.39%. There was a slight gain in the Hong Kong market and the Japanese market remained completely closed due to holidays. Apart from this, a huge decline was also seen in the American markets on Tuesday.

Gift Nifty and Wall Street

GIFT Nifty was trading around 24,089 showing a premium of about 20 points. America’s Nasdaq Composite saw its biggest decline in a month and closed at 24,663.80. Dow Jones also fell 25.86 points to 49,141.93.

Global tensions and crude oil

Due to increasing tension between America and Iran, there is huge uncertainty in the global energy market. The news of UAE’s exit from OPEC has increased the volatility of the oil market even more. Brent crude has crossed $111 and WTI has crossed $100 per barrel.

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Special strategy for investors

Market experts believe that in this volatile environment, sector based strategy should be adopted instead of index. Energy, metal, pharma and capital market stocks may show good strength in the coming time. Investors should avoid making big bets for now and pay full attention to their risk management.