There will be turmoil in the stock market
Today is a very important day for the Indian stock market. It would not be surprising if the stock market, which was already in the high zone, registers a new record today. The reason for this is also clear, because a lot of water has flowed in the Ganges since the market closed yesterday, which means that so many things have changed in the country and the world that there is bound to be a buzz in the stock market. Let us know which stocks will be in the spotlight of the market today.
After the market closed on Wednesday, two pieces of good news came. The biggest piece of good news came from the country of Uncle Sam, the United States, where after almost four years, the Federal Reserve Bank announced a reduction of its official interest rates by 0.50 percent. The second piece of good news came from the decisions of the Indian Government Cabinet.
These stocks will be affected by the Federal Reserve’s decision
The US Federal Reserve has stopped its war on inflation. It has become clear that next month, when the Monetary Policy Committee (MPC) of the Reserve Bank of India meets to decide on the policy interest rates, it will definitely take a decision on reducing the EMI credit burden of the common man. Not only this, after the Fed’s decision, the US stock markets have returned and the changes in the world’s largest economy are sure to have an impact on the entire world.
read this too
The US is the world leader in terms of technology and India is unmatched in terms of providing tech experts or manpower. In such a situation, with the demand in the US on the rise, the hope of good days has risen for Indian tech companies like TCS, Infosys, Wipro, HCL and Tech Mahindra. Hence, the stocks of these companies will remain under watch today.
A decision by the Federal Reserve has also affected the dollar index. In such a situation, this decision will also have an impact on the banking and financial sector stocks. It will be interesting to watch SBI’s move towards Bajaj Finance, LIC and other banking stocks.
The fate of these shares will change due to cabinet decisions.
Late on Wednesday night, the US Federal Reserve gave the gift of an interest rate cut. At the same time, after the market closed, information about the cabinet decisions came to light. Therefore, the fate of many stocks on the market today may change. The government has given its approval to IREDA to raise funds worth Rs 4,500 crore. In such a situation, the momentum in its shares can be seen today.
Not only this, the government has also approved Chandrayaan Mission-4. The government will spend Rs 2,104 crore on this mission. In such a situation, the stocks of companies working in the space sector like BEL, Bharat Dynamics, Hindustan Aeronautics Limited and DCX Systems can go up tremendously.
