On Wednesday, the market closed in the green on the third day of trading in the week. The Sensex opened up 1470.75 points and the Nifty opened up 387.65 points in the morning. However, in the first half hour of trading, the Sensex had slipped to less than 600 points.
The Sensex closed up 637.49 points or 2.03% at 32,008.61 and the Nifty closed 187.00 points or 2.03% up at 9,383.55 at the end of trading. Earlier on Tuesday, the market closed down. The Sensex was down 190.10 points at 31,371.12 and the Nifty was down 42.65 points at 9,196.55 at the end of trading yesterday.
Major reasons for market growth
Prime Minister Modi addressed the country for the fifth time in 54 days on Tuesday. In his address, he said four important things. First – the country has to become self-sufficient. Secondly, a package of 20 lakh crore rupees will be given for self-reliant India campaign. Thirdly, in the path of becoming self-reliant, we have to adopt local products. Fourth- The fourth phase of lockdown will come, but it will be with new look and new rules.
In the period of lockdown, India has become the fifth country in the world, which has given 10% or more of its GDP as an economic package. Before India, Japan has declared an economic package equal to 21% of its GDP, America 13%, Sweden 12% and Germany 10.7%.
US market closed with decline
On Tuesday, most markets around the world saw a decline. The US market Dow Jones closed down 457.21 points at 23,764.80, down 1.89 percent. At the same time, the second US Nasdaq market fell by 2.06 per cent to 189.79 points at 9,002.55. On the other hand, the S&P was down 2.05 percent to close at 608 points at 2,870.12. China’s Shanghai Composite was down 5.26 points at 2,886.30, down 0.18 percent. Meanwhile, the markets of France and Germany also closed with a fall, but the Italian market continued to rise.
Death in the country and the world due to corona
The number of corona infections in the country has risen to 74,292. Of these, 47,420 reports are active. At the same time 24,453 infected have been cured. So far, the number of people who died of corona in the country has been 2,415. These figures are according to covid19india.org. On the other hand, the number of people infected with coronavirus worldwide has reached 4,342,345. Of these, 292,893 have died. During this period, 1,601,847 patients have also become healthy. The death toll from Corona in the US has been 83,425.
