Why is there a big jump in Indian market today? | 7 Apr 2020

Hello Readers,

Nifty jumps 8.76% ,closes at 8792 with a gain of 702 points.

All the 50 stocks closed in Green today.

All the Sectorial indices also closed in Deep Green today.

Why is there a rally in markets today?

1. Govt likely to ease lockdown in a phased manner

2. $1.3 billion coming to India in passive flows as FPI limit has been increased.

3. India accepts US request to allow drug exports –> Huge Rally seen in Pharma Companies.

4. Indian markets join other global markets in the rally.

5. A sharp recovery in commodity futures also reflected improved sentiments –> Metal Stocks Shines too.

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But Volatility is still there. Also Mainly the Vaccine is not found yet.

There will be huge Swing in the market for a while.

All you need is the right strategy to deploy your capital carefully and in a disciplined manner.

Happy Investing !