The Indian stock market showed a rapid pace in the beginning. Forgetting the fears, the Nifty 50 and Sensex indices are rising today. In the pre-market opening, the Nifty was above 5 percent, which means above 1300 points. Later, it opened near 3 percent. The Nifty 50 index has been above 700 points since the beginning. Keep an eye on these stocks in the market today.
The Indian stock market literally ‘exploded’ today on the news of the signing of the much-awaited India-US trade agreement. As soon as the market opened today, the Sensex and Nifty 50 jumped big.
Current market picture:
BSE Sensex: This morning the Sensex opened at 85,323 points and within a few moments it reached a record high of 85,871 points. The index increased by 4,205 points in just a few minutes.
Nifty 50: Nifty opened at 26,308 points and touched an intraday high of 26,341 points. This rise of 1,253 points in a day has also surprised market experts.
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Why this skyrocketing growth?
According to market experts, the main reason for this growth is the India-US trade agreement. Santosh Meena, Research Head, Swastika Investmart, said that this agreement has restored confidence in the minds of foreign investors (FIIs). As a result, the price of the Indian rupee is also likely to strengthen. Mainly, the textile, gems and ornaments, automobile and IT sectors will directly benefit from this agreement.
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Experts’ focus on 21 stocks
Market expert Anuj Gupta and others have suggested investing in a total of 21 stocks for the next few sessions. Take a look at the list:
| Sector | Stocks to Buy |
|---|---|
| Pharma | Arvind Pharma, Cipla, Glenmark Pharmaceuticals |
| Defence | BEL, HAL, Cochin Shipyard |
| IT Tech | Tech Mahindra, HCL Tech, Wipro, Infosys |
| Textile | Trident, Welspun Living |
| Automobile | Tata Motors, Eicher Motors, TVS Motor, Bajaj Auto, JBM Auto, Bosch, Amara Raja, Exide Industries, Uno Minda |
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