The domestic benchmark index Nifty 50 and the Sensex are expected to rise strongly on Monday, 12 May. Investors are excited after the firing between India and Pakistan has stopped from across the border. Some time ago this morning, the gift Nifty was trading about 400 points to 24,538.5, which is about two percent. India and Pakistan agreed to the Pakistan ceasefire on May 10 after the increasing tension between these neighboring countries due to the terrorist attack on 22 April in Pahalgam. Apart from this, Director General Military Operations Lieutenant General Rajiv Ghai said that DGMO level talks with Pakistan will be held at 12 noon on Monday.
However, despite the increasing tension of the two countries, market experts say that despite a sharp increase in tension between India and Pakistan, the basic perception of the domestic market has not been affected. Vinod Nair, research head of Geojit Investments, said, “Investors have increased the confidence of the foreign institutional investments and record GST collection in April. This is a sign of strength inherent in the market.”
Meanwhile, American Treasury Secretary Scott Besant and Trade Representative Zamison Greer said on Sunday that they had reached very close to an agreement with China that aims to reduce the US trade deficit. Although he spoke of “adequate progress” in high level talks in Geneva, the special conditions of the deal were not disclosed.
After this announcement, Wall Street Stock Futures accelerated. Besent’s comments have indicated a decrease in trade tension created by Turp’s tariff elements. Dow futures gained 1.03 percent. S&P 500 futures rose by 1.31 percent. While Nasdaq Futures saw a rise of 1.71 percent.
There was Bhitji in the global market. The US-China trade tension improved due to the expectation of ending the investors. This led to a rise in Asian shares and also gains the dollar. Australia, Japan and South Korea saw an early business gains. The 12th consecutive season in Japan’s topics index was up. This is the biggest fast since October 2017.
Stock Market Live Updates: Gift Nifty Indication, Indian market can be strong
In the last trading session, the Nifty managed to remain above 24,000 points. The Nifty received support around the 21-Day Experience Moving Average (EMA). Market experts say that Mandaris can try to push the Nifty below 24,000 to strengthen their grip on the market. Going below 23,900 may increase the chances of slowdown in the market. LKP Securities’s metaphor Dey says that there is an immediate resistance at 24,250 upwards. The sentiment can improve further when going over it.