Share Market News: A strong rise is being seen in the stock market today on 19th December. Sensex is trading near 84,980 with a gain of 499 points at 10:30. Nifty has risen 140 points and is trading near 25,960 points. Buying is being seen today in all sectors except the metal sector.
Shares of many big companies are in this bullish trend. Max Healthcare stock is trading with a rise of 2.16 percent. Apart from this, growth is also being seen in BEL and Reliance, they are included in today’s Nifty top gainers. At the same time, shares of Shriram Finance, HCL Tech, Coal India are among Nifty top losers. The stock market has closed in the red for the last three weeks. Let us tell you why there is a sudden rise in the stock market today on Friday.
Stock market rose due to these reasons
Asian stocks showed gains after softening of US inflation data. Due to low inflation in America, the possibility of interest rate cut by the Federal Reserve has increased. For this reason American tech stocks got increased support. On Thursday, the S&P 500 index closed at 6774. Nasdaq also saw a rise of 1.5 percent and Dow Jones closed the trading with a gain of 0.14 percent.
Apart from this, equity futures of Japan, Australia and Hong Kong were also seen in green, due to which the Indian market got a positive signal.
Now the eyes of the market are fixed on the Fed’s decision on interest rates. It is expected that there may be a rate cut in this and its probability remains between 25 percent to 27 percent. Japan’s inflation figures have also been revealed. Apart from this, Bank of England has reduced the interest rates by 25 basis points due to which the rate has been reduced from 4 percent to 3.75 percent and the bank has also said that this reduction will depend on the trend of inflation in the coming time.
Trade deal may be done with America soon
At present, the eyes of the entire country are on the trade with America and India. Negotiations on this deal are going on between both the countries. Some time ago, the Indian government had said that the framework of this deal has been prepared but at present there is no final date as to when this deal will be signed. But the chances of this deal happening have now become very high. The market has also received support from this today.
Shopping in these sectors
There is vigorous buying going on in Pharma, IT, Auto, Healthcare sectors today. At the same time, selling is being seen in metal and PSU banks. Slight growth is being seen in consumer durable, metal, PSU bank sectors.
