Share Market Update: Sensex rose by 300 points, Nifty also rose, know why there was a sudden rise?

Share Market Update: Today, March 10, there is a rise in the stock market. Sensex is trading at 77,800, increasing by more than 300 points. Nifty is also trading at 24,150, up by about 100 points. The biggest rise is being seen in banking, auto and FMCG stocks today.

Crude oil fell to $89

Today, Tuesday, March 10, a big fall was seen in global crude oil prices. In early trading in Asia, Brent crude prices fell about 8.5% to $92.50 a barrel. Earlier, yesterday it had reached near $115. WTI oil prices also fell nearly 9% to $88.60 per barrel. This fall in oil prices has come after the statement of US President Donald Trump in which he promised to end the war soon.

Asian markets boom

• South Korea’s Kospi index rose 5.10% to 5,518.
• Japan’s Nikkei rose 1,670 points or 3.20% to 54,399.
• Hong Kong’s Hang Seng index rose 325 points or 1.28% to 25,731.
• China’s Shanghai Composite Index fell 13.01 points, or 0.32%, to 4,109.

US market decline on March 9

• The Dow Jones Industrial Average fell 239 points (0.50%) to close at 47,740.
• The tech-based Nasdaq Composite index fell 1.38% to 22,695.
• The S&P 500 index fell 55 points (0.83%) to close at 6,795.

Trump says the war will end soon

Donald Trump’s new statement is being said to be the reason for the fall in crude oil prices and the rise in the market. On Monday, Trump said the current war would end “very soon.” His statement has reduced uncertainty regarding the global supply chain and increased investor confidence. However, prices are still about 30% higher than before the war started.