The market has started today with a spectacular growth. Better GDP figures have pleased the market. Cessanx-Nifty opened with a gain of over 1 per cent. Cessanx is trading at a level of 49,608.02 with a gain of 508 points or 1.03 per cent. At the same time, the Nifty is looking at the level of 14694.30 with a strength of 165 points i.e. 1.14 percent. Mid and small cap stocks are also seeing strong growth. The mid-cap index of BSE is showing a gain of 1.17 per cent and the small cap index is 1.32 per cent.
Chemical stocks may rise today. MCKINSEY said – India is the fastest growing SPECIALTY CHEMICALS market in the world. By 2025, there will be a turnover of $ 40 billion.
The country’s economy is recovering from Corona’s tremors. GDP growth returned to the Positive Zone in December and has been growing at 0.4%. Minus 8% growth is projected for the entire financial year.
The second phase of corona vaccination will begin from today. Vaccines will be given to those above 60 years of age. Registration can be done through the Kovin app.
Veteran investor Warren Buffett expressed confidence in the US economy. Never bet against America and cautioned bond investors, said in a letter to Share Holders.
RELIANCE has increased its stake in USA-based technology company SkyTran Inc. With the additional investment of 2.67 million dollars, the total share has increased to about 54.5%. RIL Chairman Mukesh Ambani said – The acquisition is planned to achieve the goal of high speed, inter connectivity.
Gold has lost its strength due to strengthening dollar and bond yields. COMEX Gold has fallen 3 per cent to an 8-month low. Gold lost nearly six and a half percent in February. MCX GOLD also slipped below 45800.
Global markets are showing good signs. SGX Nifty is seeing a bounce of 250 Points. The Dow Futures have also gained momentum from the US $ 1.99 trillion relief package. Most Asian markets are also seeing strength.
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