Why is the SENSEX Soaring ?


 

1. A pressure is being built on the US President to reduce the tariffs on Steel ( 25% ) and Aluminium (10%)

2. Rise in the Asian Stock Markets like Nikkei and Topix.

3. General bounce back ability of the market after the last week fall.

4. Attraction of the investors in the fallen market.

5. The Stability in GST is also a promoting factor.

6. Rise in strong trades in stocks such as ITC, HDFC Bank, Reliance Industries and Infosys.  ( Blue Chip Companies).

7. FMCG, auto stocks rise

The Society of Indian Automobile Manufacturers (SIAM) released The market has begun the week on a strong note, as benchmark indices rise over 1 percent, backed by strong global cues as well as some factors back home.

 

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