3 reasons markets surged: big Sensex, Nifty gains :
As the India-Pakistan truce and the encouraging US-China trade talks enhance market optimism,the Sensex surges more than 2,200 points,driven by Adani stocks.
Dalal Street is going all out for a celebration. Early trading saw the Sensex rise more than 2,200 points,while the Nifty is surging well above 24,700,driven by Trent,Adani Group equities,and financials. A clever rally is also taking place in the small and midcap stocks. The Nifty Pharma is the only sectoral index that is significantly down,while the majority are up.
The share market is booming today for three reasons.
There are several reasons why the market is optimistic:
Pakistan-India ceasefire :
Over the weekend,India and Pakistan reached an agreement on a ceasefire following four days of combat escalation. The markets have praised the two nuclear-enabled nations for reducing their tensions. Now,all eyes are on today’s DGMo-level discussions between India and Pakistan. The Director General Military Operations (DGMO),Lt Gen Rajiv Ghai,has stated that India has sent a “strong warning to respond “fiercely and punitively” in case of further ceasefire violations.
US-China trade negotiations :
The US-China trade negotiations are the other major trigger. According to the most recent reports, trade negotiations between the United States and China finished on a positive note. Chinese officials claimed that both parties had established “important consensus,” while US officials referred to it as a “deal” to lower the US trade deficit. But as of yet,no formal announcement outlining the specifics has been made. Chinese Vice Premier He Lifeng said a unified statement would be released later today,according to the most recent Reuters report.
Peace negotiations between Russia and Ukraine could take place on May 15.
Following U.S. President Donald Trump’s directive to promptly accept Putin’s offer of direct talks,Ukrainian President Volodymyr Zelenskiy announced he will consent to meet Kremlin leader Vladimir Putin in Turkey on Thursday. The Ukrainian leader had earlier reacted cautiously after the Russian president suggested in a late-night broadcast announcement that Ukraine and Russia have direct talks in Istanbul on Thursday,May 15.
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