Pahalgam Terror Attack / Good news came amidst Indo-Pak tension, 4 lakh crores earned in just 3 hours

Pahalgam Terror Attack: Amid the ongoing tense atmosphere between India and Pakistan, a very positive news has come out from India. India has achieved a major achievement on the economic front. On Monday, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) witnessed a strong rally, which brought back smiles on the faces of investors. With this surge in the market, investors earned a profit of about Rs 4 lakh crore in just a few hours.

Reliance Industries showed strong lead

The biggest contribution to this strength of the stock market was made by the country's giant company Reliance Industries. Reliance presented better quarterly results than its estimates, due to which its shares registered a gain of about 5%. Reliance's excellent performance contributed about 300 points to the Sensex. Apart from this, shares of big companies like Sun Pharma, Tata Steel, L&T, ICICI Bank and Axis Bank also strengthened the market.

On the other hand, shares of companies like HCL Tech, Bajaj Finance, Nestle India and Tech Mahindra also saw some decline, but overall the market mood remained very positive.

Market picture from the point of view of figures

The Sensex closed at 80,069.28 with a gain of 856.75 points.

The Sensex also touched a high of 80,101.43 during the day's trading.

The Nifty also jumped 264.55 points and was seen trading at 24,303.90.

The Nifty touched a high of 24,306.10 during the day.

Investors pocket Rs 4 lakh crore

This tremendous rise in the stock market brought huge profits to the investors. On Friday, the total market cap of the BSE was Rs 4,21,58,900.91 crore, which increased to Rs 4,25,41,719.77 crore within just three hours on Monday. That is, investors earned assets worth about Rs 4 lakh crore.

Major reasons for the rise

Reliance's excellent results: Great profits from retail and digital business.

Return of foreign investors: FIIs invested Rs 32,465 crore in the last 8 sessions.

Weak dollar: Foreign investment got a boost due to the fall in the dollar index.

Softening of crude oil prices: Brent crude near $ 66, giving great relief to India.

Rise in global markets: Strength in the markets of Japan, South Korea and Europe also supported the Indian markets.

Pakistan's market also remained bullish

While the stock market took off in India, Pakistan's Karachi Stock Exchange (KSE) also saw a bullish environment. According to reports, investors' confidence returned due to Nawaz Sharif's active efforts to reduce the increased tension between India and Pakistan.

The KSE-100 index gained 425.80 points and was trading at 115,895.15.

The KSE-100 also touched a high of 116,658.95 during the session.

Experts believe that if efforts to reduce tensions between India and Pakistan are successful, the markets of both countries may see even better performance.