The major impact of the announcement of the trade agreement between India and America on Monday night was clearly visible on the stock market on Tuesday morning. After a huge fall on the day of General Budget (01 February), the stock market made a strong comeback on Tuesday. Sensex took a big jump of 3200 points and Nifty took a big jump of 1200 points. By 2 pm, the Sensex rose 2209.14 points to 83,875.60. At the same time, Nifty also increased by 682 points to 25,770.40 points.
Bumper boom in the market after the agreement with America
In early trade on Tuesday, Sensex rose 3,656.74 points to 85,323.20, while Nifty rose 1,219.65 points to 26,308.05. The market is still bullish even at 11 o’clock, one and a half hours after the start of trading.
Later, both the benchmark indices extended their gains further. The BSE benchmark rose 4,205.27 points or 5.14 per cent to 85,871.73. Nifty rose 1,252.8 points or 4.99 percent to 26,341.20. Shares of most of the companies listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) continue to rise.
There was a rise in these stocks including Reliance-Adani
The effect of 18 percent tariff reduction and agreement on trade agreement was visible in the stock market from the beginning of the day. There was a stormy rise in the shares of many big companies including Reliance-Adani. According to the information, Adani Port shares jumped by 6.91 percent. Shares of giant company Reliance also showed a rise of 4 percent.
Condition of Sensex companies
Among companies included in the Sensex list, shares of Adani Ports, Bajaj Finance, Eternal, Bajaj Finserv, InterGlobe Aviation and Reliance Industries saw a sharp rise of 7.2-3.7 percent. ITC emerged as the only laggard in the group of blue-chip companies.
