Improved stock market trend, the Sensex improved by 1411 points

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Unemployment claims in the United States rise to a record 32.8 million

Rs. Impact of huge short cover of funds at end of March 1.70 crore crore corona relief package and March trend



(Commerce Rep) Mumbai, Ta. March 26, 2020, Thursday

The 21-day lockout announced in India on the crisis of the Corona pandemic, with huge short cover of funds at the end of March trend in the massive package and futures and options (F&O) stock market announced by Finance Minister Nirmala Sitharaman today to relieve the poor of the country. Sensex today traded intra-day 30000, with volatile stocks gaining momentum after volatility for the second consecutive day. Ati skipped 1410.99 points at 29946.77 and diving spot Nifty surged by 323.60 points at 8641.45. The rupee had jumped 73 paise to 75.15 against the US dollar for the second consecutive day today. With global crude oil prices resting, rising global crude prices pushed Brent to between $ 26 and $ 28, and Naimax hit between $ 23 and $ 24.

Although this huge package was announced today to help the poor of the country including free cash, cereals, LPG, yet the economic package for the industry, corporate India, was to be announced later. With the continued short-covering of foreign funds, the index-based boom was again booming, with the Bottom Prices boom in the fund's good stocks becoming widespread as the fiscal year 2019-20 ended. BSE Banks Index closed at 22,747.08, jumping 1425.37 points, with short-covering large-scale funds including banking-finance stocks EndSend Bank, Kotak Mahindra Bank, HDFC shares.

This led to the valuation of funds with short cover in FMSG, Pharma, Power-Capital Goods, Consumer Durables, IT-Software Services stocks. With this, investor wealth in Indian stock markets today rose by Rs 4.49 lakh crore to Rs112.99 lakh crore. Thus, the assets of investors increased by Rs 9.29 lakh crore in two days.

Foreign portfolio investors - FPIs and FIIs today sold net worth of Rs 484.78 crore in cash. A total of Rs 9908.03 crore was sold against a total purchase of Rs9423.25 crore. While DII-local institutional investors' net sales of Rs 769.93 crore were sold in cash. A total of Rs 5731.37 crore was sold against a total purchase of Rs 4961.44 crore.

Earlier in the day before the Indian government launched this package in the US, two US $ 2 trillion huge stimulus package as part of a plan to fight Corona and save the country from economic catastrophe. The US market was gaining momentum as the Senate approved.

Of course, the Corona epidemic is forecast to hit a major blow to global economic growth, and unemployment claims in the United States rose to a record 32.8 million in the week ended March 21, with the United States expecting more stimulus packages than expected, with the US stock markets losing 8 percent. The rise and the Nasdaq index showed a jump of 220 points Yes. In other global markets, the markets of European countries were easing today as markets in European countries recovered late in the evening.

Europe's countries' markets fell sharply in the afternoon, leaving America behind in the positive zone late in the evening. Japan's Nikkei 225 index fell 882 points to 18664 in Hong Kong, Hong Kong's Hong Kong fell 175 points to 23353, China's CSI 300 index dropped 24 points to 3698. Crude Oil's international prices closed near Brent crude's $ 27.41 and Nyax crude $ 23.63 late in the evening. While global gold and silver remained strong today. Gold was up $ 14 per ounce, to close at $ 1630 and silver at $ 14.93 per ounce.

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