Sensex closes at 2476 points, investors gain Rs 8 lakh crore

New Delhi, 7 April 2020 Tuesday

In the midst of a downturn in the stock market today, the current market boom, the Sensex saw a jump of 2476 points on Tuesday, the Sensex closed at 30,067 points, the Sensex broke its old record today,

On the first day of May 18, 2009, the market was up 2110 points, when the Nifty saw a sharp uptrend, the Nifty closed at 8,785 points with a strong 702. This is the coolest boom in 10 years.

Markets around the world have witnessed a boom. The same benefit came to the Indian stock market, which gave investors a profit of Rs 8 lakh crore, which is the biggest gain in terms of percentage.

Reasons for the bull market today

(1) US stock markets also jump - Corona's new cases have seen a sharp rise of more than 7 percent in US markets.

(2) Increase in crude oil prices - There are signs of agreeing on a crude production cut. The agreement between Russia and Saudi Arabia is possible on that. Asif Iqbal, research head at Escort Security, says the sharp rise in crude oil prices has helped the economy of many countries.

On the other hand, large reductions in prices do not mean much loss but loss. Due to the fact that in India there is a company producing crude oil along with refining companies.

(3) Announcement of Relief Package in Japan - A major relief package has been announced in Japan to deal with Corona. Japan has announced a relief package of Rs 75 lakh crore (US $ 1 million).

On the other hand, efforts to find Corona's treatment are underway. A research has found that anti-parasitic drugs can be used in the treatment of coronas.

Lab testing has proven successful in the treatment of anti-parasitic drug coronas. Australian scientist claims anti-parasitic drug can kill virus in 48 hours Inexpensive crude oil also became the reason for today's boom.