Post by: Omar Nasser
India’s main stock markets went up a lot on Tuesday morning. This happened because good news came from other countries, and it made people feel happy about investing money.
The Nifty 50 went up by 467 points to reach 23,295.55. The Sensex also rose by 1,569 points, reaching 76,727.15.
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All parts of the market showed a rise. The Nifty Auto went up by almost 3% and was the top gainer. The Nifty Bank also grew by 2%. Companies in technology, medicine, and metal did well too.
Companies like Tata Motors, Mahindra & Mahindra, and Bharat Forge had a strong start. Their share prices went up by as much as 8%.
Smaller company shares also went up, but not as much. The Nifty Smallcap 100 and Nifty Midcap 100 rose by 1.3% each.
The Indian rupee also became stronger. It opened at 85.85 against the US dollar, better than 86.05 last Friday.
Experts say the rise happened because US President Donald Trump said he would pause taxes on some goods for 90 days. This gave hope to people in the stock market.
A stock expert named Mandar Bhojane said that the Nifty will stay strong if it stays above 23,000. But it may face some difficulty if it reaches 23,200 or higher.
Foreign investors were still selling stocks on April 11. They sold stocks worth ₹2,519 crore. But Indian investors bought more, buying stocks worth ₹3,759 crore.
Experts say that the market is looking strong, but it can still go up and down during the day. People might also sell shares to take profit when prices are high.
Another expert, Devarsh Vakil, said that Trump's decision shows he wants to talk and not fight over trade. He said the big problems may be over, but some small problems may still come. The market might go down a little after going up a lot.
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