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BJP Victory: Stock Markets show upward trend!
By: Tupaki Desk | 14 March 2017 8:52 AM GMT
Landslide victory of BJP in Uttar Pradesh and Uttarakhand, and it's ability to form Governments in Manipur & Goa inspite of failing to emerge as Single Largest Party worked wonders for Stock Markets.
On Tuesday, Sensex increased by 600 points and remained at 29,561. Whereas, Nifty witnessed a surge of 188 points to reach 9,122. This market growth eventually strengthened Indian Rupee and attained a one year high of 66.16 against US Dollar. By the closing time on Friday, Indian Rupee stood at 66.60 against US Dollar. Which means, A record rise of 44 paise became a reality.
The Investor Wealth on the BSE increased by Rs 1.31 lakh crore Today.
Experts say, BJP's record win in Uttar Pradesh Assembly Polls had a huge impact on the Stock Markets. This Victory only indicates People have backed Modi's reform agenda. Nifty could even enter 10,350 to 12,000 level if it breaks the major technical resistance of 9,191.
On Tuesday, Sensex increased by 600 points and remained at 29,561. Whereas, Nifty witnessed a surge of 188 points to reach 9,122. This market growth eventually strengthened Indian Rupee and attained a one year high of 66.16 against US Dollar. By the closing time on Friday, Indian Rupee stood at 66.60 against US Dollar. Which means, A record rise of 44 paise became a reality.
The Investor Wealth on the BSE increased by Rs 1.31 lakh crore Today.
Experts say, BJP's record win in Uttar Pradesh Assembly Polls had a huge impact on the Stock Markets. This Victory only indicates People have backed Modi's reform agenda. Nifty could even enter 10,350 to 12,000 level if it breaks the major technical resistance of 9,191.
