Why are Indian Markets Rising Today

WHY ARE INDIAN MARKET RISING TODAY

News to know "WHY ARE INDIAN MARKET RISING" today is On Hope Of Positive News Market Expects On GST Council Meet Scheduled On 20th Sept

Today's Stock Market – 9th September 2019

The Indian Nifty index , had made a recent low of 10637 on 23rd August and is currently trading around 11016, so rising more than 350 points. The Small Cap index also has increased more than 300 points from its low levels of 5115 made on 23rd August. The GST Council is likely to meet next on September 20 in Goa. Sensex today India also in the rising trend now.

Upcoming Events

1. Market has lots of hope on GST council meet scheduled on 20th Sept 2019.

2. Reserve Bank of India will announce its monetary policy on 30th Sept 2019 and that can be another trigger for the market.

3. On 18th Sept 2019 United States Federal Reserve will announce its monetary policy.

Sector Analysis:

Last week market closed slightly positive. Top 5 major sectors that were FMCG-Food (2.47%), Infrastructure Cons and Engg (2.29%), Pharma sector (1.93%), Textiles and Apparel sector (1.69%) and Energy-Oil and Gas (1.62%). Top 5 minor sectors were Paper industry (5.01%), Defence sector (2.87%), Carbon industry (2.28%), Healthcare  (1.44%) and Transport and Logistics (1.39%).

The US 10 Year T-Note is at 131.29. The Bond has traded the crucial support level at 117.42 made on 5th November 2018. The US Dollar Index is at 98.407.

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News to know "WHY ARE INDIAN MARKET RISING" today is On Hope Of Positive News Market Expects On GST Council Meet Scheduled On 20th September .

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