SENSEX and NIFTY50 up 1%, know the 5 main reasons for the rise.

Written By: Mobin

SENSEX rose 943.87 points to 73,933.80 and NIFTY50 rose 312 points to 22,394.90. which is perfect for Rise in IT stocks supported the market.

Rise

As we know the US President Trump expressed the possibility of reduction in tariffs imposed on Canada and Mexico, which supported the market.

Tariff relief

India's service PMI reached 59 in February, which is better than 56.5 last month. This is the sign of economic improvement, and good for india.

Service sector

Nifty IT index gained over 2%. Stocks like Coforge, KPIT Tech, Persistent Systems performed well. that is well things happning in Nifty IT index.

IT surge

The issue of technical support NIFTY50 found support at the 500-day exponential moving average (21,917), giving the market a boost.

Technical support

Value buying started in bluechip stocks after continuous decline. Stocks like Adani Ports, Tata Steel, NTPC performed well.You can go as your own risk.

Value buying

The RBI plans to inject additional liquidity of Rs 1 lakh crore by March, which will support the market and improve the market.

Role of RBI

Modi government demanded 24,500 crores from Mukesh Ambani, know why.