The stock market saw a stormy boom on 18 March. This is the second consecutive day when the stock market showed enthusiasm. Major indexes of markets in the morning open. BSE Sensex and NSE Nifty got wings in a short time. Other indices of markets also appeared in Laitar. The Sensex climbed 1,131 points i.e. 1.51 per cent to close at 75,301. The Nifty also closes at 22,834 with a rise of 325 points, or 1.45 per cent. Bank Nifty rose by about 2 percent. It climbed 960 points i.e. 960 points to close at 49,314. The question is, what is the reason for this enthusiasm in the market? On March 17, US markets closed with a good rapid rise. On March 18, its impact was seen on Asian markets including India. Sensex and Nifty open in green mark in the Indian market. Then, good purchases gave wings to both indices. The news of relief package in China has increased the hope of relief package in China. If the government announces the relief package, it will affect many sector companies including steel. On March 18, stocks of steel companies saw a boom. On Tuesday, most of the Asian markets saw a boom. The rupee has witnessed a strengthening of the rupee against the dollar. On March 18, the process of strengthening the rupee continued. The rupee opened at 86.76 with a strong 4 paise against the dollar in the morning. This is the highest high level of the rupee against the dollar after February 24. Strengthening the rupee against the dollar will reduce the expenditure on imports. This will benefit many sector companies. The policy of the Federal Reserve’s policy, the latest lawyer of the HDFC Securities, said, “Investors are excited by the data of retail sales in the US in February. It has risen 0.2 per cent in February. It was 0.9 per cent decline in January. Markets have lost their eyes on the FOMC meeting. That the Federal Reserve will maintain the interest rate at 4.25-4.5 percent. ” Federal Reserve Chairman Jerome will tell important things about Powell Economy’s health. This will reveal how much the US economy is feared to go into the recession. Smallcap and midcap stocks have also shown bounce. All 13 sector index of Nifty were seen in green mark. Nifty Auto, Bank, FMCG, Realty and Metal Index showed up to 1 per cent. The most climbed shares of Nifty include ICICI Bank, Hindalco, Axis Bank, Britannia and Shriram Finance. Bajaj Finserv, Bajaj Finance, HCL Tech and BPCL showed weakness.
