Share Market News / Nifty will rise by 1000 points and Sensex by 3000 points! Know the figures of SGX Nifty

Share Market News: There is a holiday in Indian stock markets on Thursday, 10 April on the occasion of Mahavir Jayanti. Trading is closed on all major exchanges including BSE and NSE. However, amid this silence, the news coming from Singapore Exchange (SGX) can bring a smile on the face of Indian investors. Actually, SGX Nifty has seen a strong jump today, which is considered a positive sign for the Indian markets.

On Thursday, SGX Nifty was trading around the level of 23,300 with a big jump of about 900 points. This simply means that Indian stock markets can have a stormy start on Friday. It is being estimated that Nifty can register a tremendous rise of 1000 points and Sensex up to 3000 points.

What is SGX Nifty and why is it important?

SGX Nifty is actually a Nifty index derivative, which is traded on the Singapore Stock Exchange. This helps in predicting the performance of the Indian Nifty, especially when the Indian markets are closed. Therefore, investors and analysts consider SGX Nifty as an important indicator.

Impact of record rise in US markets

The historic rise in the US stock markets is considered to be a major reason behind this rise in SGX Nifty. US President Donald Trump has put a halt on his new tariff rates for 90 days, which sent a wave of relief in the markets. On Wednesday, the Dow Jones rose 6.38%, S&P 500 9.5% and Nasdaq recorded a record 12.16% rise.

An atmosphere of enthusiasm in Asian markets too

The impact of the rise in the US markets was also seen on the Asian stock markets. Japan's Nikkei, Hong Kong's Hang Seng and Korea's Kospi - all saw tremendous growth. This directly indicates that the sentiment of global investors is currently very positive.

Recent fluctuations had made investors worried

The beginning of this week was not very special for the Indian stock markets. After the announcement of the US tariff policy on Monday, the Sensex opened with a fall of 3914 and Nifty with a fall of 1146 points. There was some relief on Tuesday, but on Wednesday the market again showed a negative trend. The Sensex closed with a fall of 379 points and the Nifty with a fall of 136 points.

There can be tremendous enthusiasm on Friday

Now looking at the data of SGX Nifty, it is expected that the market will open with a new energy on Friday. This can be an opportunity for investors to make profits or rebalance their portfolio.