Share Market Updates: Indian Stock Markets Gain on US Trade Hopes and NDA Lead in Bihar Exit Polls

BSE Sensex and NSE Nifty surged for the second consecutive day as optimism over a US trade deal and the reopening of the US government boosted investor sentiment. Bihar exit polls indicating NDA victory further strengthened the market rally.

New Delhi: Indian stock markets opened in the green on Wednesday, the third trading day of the week. The market had also seen a rise on Tuesday. The BSE Sensex rose 335.97 points, or 0.40 percent, to close at 83,871.32. The NSE Nifty gained 120.60 points, or 0.47 percent, to close at 25,694.95.

Reasons for Market Enthusiasm

There were several reasons behind the increased investor enthusiasm in the stock market. The biggest reason was the expectation of a possible trade agreement with the United States. Furthermore, news of the reopening of the US government also gave investors confidence.

Share Market Updates: Indian Stock Market Falls Sharply as Sensex Drops 632 Points, Nifty Down 185

Furthermore, the possible victory of the NDA alliance in the Bihar Assembly election exit polls also boosted market sentiment. Political stability and positive economic signals contributed to the rise in the stock market.

Sensex and Nifty in Early Trade

In early trade on Wednesday, the Sensex gained 339.92 points, or 0.41 percent, to reach 84,211.24 points by 9:38 am. The NSE Nifty also gained 99.90 points, or 0.39 percent, to trade at 25,794.85.

Investor Reaction

Investors are rallying stocks based on these signals. Expectations of a trade deal with the US and news of the government reopening have also been positive for foreign investors. The prospect of political stability in Bihar has boosted domestic investor confidence.

Share Market Update: Stock Market starts week in the green, brings relief after six days of decline

Thus, the Indian stock market performed strongly for the second consecutive day on Wednesday. Both the Sensex and Nifty opened in the green and continued to rise in early trade. Positive economic and political signals related to the US and India strengthened the market. This trend also boosted investor confidence and maintained a generally positive market sentiment.