That one gesture from Trump… and ₹10 lakh crore came into the pockets of Indian investors, a fierce storm came in the stock market

A statement by US President Donald Trump today created a stir in the markets around the world. The biggest impact of his small signal was seen on the Indian stock market, where today the bulls (bullish investors) roared so much that there was greenery all around. By the time the market closed on Friday, lakhs of crores of rupees had come into investors’ pockets and our Indian rupee was also seen standing tall against the US dollar.

Sensex and Nifty broke all records

On the last trading day of the week i.e. 12th June, there was such a tsunami in the Indian stock market that the sellers disappeared. BSE’s benchmark index Sensex today closed at 75,527.95 with a huge rise of 2.30%, jumping 1,695.41 points. On the other hand, NSE’s Nifty 50 also did not lag behind. Nifty took a huge jump of 461 points and stopped at the level of 23,622.90. The madness of the market can be gauged from the fact that 28 out of 30 Sensex stocks closed on the green mark today i.e. with gains.

Lottery worth Rs 10 lakh crore in one day

This stormy boom has made Indian investors rich. Within just one day, investors’ wealth increased by Rs 10 lakh crore. With this, the total market capitalization (market cap) of all the companies listed on BSE has increased to an all-time high of Rs 462 lakh crore.

Rupee also showed its true strength

Today not only the stock market fluctuated, but the Indian currency rupee also made the dollar sweat. Amid good news coming from the foreign market, the rupee today closed at 95.25 against the US dollar with a strong rise of 60 paise. This strengthening of rupee is expected to provide great relief to the Indian economy.

Why did this rocket-like rise occur in the market?

Now you must be wondering what happened suddenly that the market started running so fast? So the biggest reason for this is a very relieving news regarding the ongoing war between America and Iran. US President Donald Trump claimed during a virtual rally that America has ended the war with Iran. According to Trump, Iran’s Supreme Leader Mojtaba Khamenei has approved a new peace deal and the two countries will officially sign the agreement this coming Sunday. As soon as this news came, the fear of Indian investors including the global markets vanished and all-round buying started in the market.

Heavy fall in crude oil prices

The direct impact of Trump’s peace signal was seen on the crude oil markets, due to which an oil importing country like India got the biggest benefit. Crude oil prices slipped below the psychological level of $90. In the international market, Brent crude oil fell by 4% to $87 per barrel, while American WTI crude also fell by 4% to $83 per barrel. Apart from this, the news of increase in oil supply by 50 percent in the month of June through the Strait of Hormuz also added fuel to the fire and oil prices came down. This friendship between America and Iran made the Indian market a rocket.

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