Stock Market today The Indian stock market is seeing a strong rally today i.e. Monday 25 November 2024. Both Sensex and Nifty are trading with a gain of more than one percent. Today, Adani Group’s stock is also seeing recovery. Let us know what is the reason for the rise in the Indian stock market.
The Indian stock market saw a strong rally on Monday. Both the major indexes, i.e. Sensex and Nifty, opened with more than one percent gains in early trade. Sensex once again crossed the psychological level of 80,000 and Nifty 24,000.
The 30-share BSE Sensex opened at 80,193.47. On Friday, it closed at 79,117.11 with a strong rally. The National Stock Exchange (NSE) Nifty-50 also opened with a strong jump at 24,253.55 points. Let us know the five reasons for the rise in the Indian stock market.
Maharashtra election results
The stock market seems very happy with the results of the Maharashtra assembly elections. Maharashtra is a very important state in terms of economic activities. Mumbai is also called the economic capital of India. Here, investors were delighted with the return of the BJP-led Mahayuti alliance to power. He believes that the old government in Maharashtra will carry forward its policies, which will benefit the market.
Quarterly results over
The results of the second quarter of FY 2024-25 were very poor. Many big blue chip companies were involved in this. Due to this there was a constant atmosphere of uncertainty in the stock market. However, now after the quarterly results are over, there is hope of stability in the stock market, due to which investors are returning to the market again.
Good stocks at cheap valuations
Due to weaker than expected results in the September quarter, the shares of companies like Reliance Industries and Asian Paints saw a huge decline. Due to this correction, these excellent stocks have come to a very good valuation. Due to this, investors are seeing opportunities to buy them. They are implementing the ‘buy on dips’ strategy, the effect of which is visible on the overall market.
Adani Group’s stock rises
Last week, Adani Group’s stock fell sharply after it was accused of bribery and fraud in the US. But, the group has rejected all the allegations and called them baseless. Today, most of the companies of Adani Group have gained momentum. Billionaire businessman Gautam Adani’s group has also claimed today that its financial position is strong and it does not need to raise loans from outside. This has also boosted the morale of investors.
Strong signals from global markets
The Indian stock market has also received support from a strong global trend. Today, most Asian markets saw a rise. Japan’s Nikkei index is trading with a gain of 1.17 percent and South Korea’s Kospi index is trading with a gain of 1.44 percent. There is a decline in the markets of China and Hong Kong, which is a positive thing for the Indian market in terms of investment. On Friday, the US markets also closed in the green mark.
