Stock market uptrend: Rs. 1100 and silver at Rs. Fierce rugged 1400s

Crude breaks $ 65

Ahmedabad. January 9, 2020, Thursday

India's stock market has seen a huge upturn in global markets, amid concerns that the two countries will not want a war amid worries over the war between the US and Iran. On the other hand, there were huge gaps in the precious metals gold and silver breaking the dollar. So crude oil too quickly dropped to $ 65.

Following the assassination of the Iranian general by the United States, concerns were raised over the war between Iran and the United States after the attack on the US Airbase. However, there was a feeling of relief in the global markets, signaling that the two countries did not want war.

Behind these reports, there was a huge uptick in fresh takeover by the fund, with global markets improving and its impact on the Indian stock market. On the other hand, crude prices also dropped sharply to close to $ 65.

The Sensex was up 634.61 points to 41452.35 and Nifty 190.05 points to end at 12215.90, following a fresh take-off from the fund, including short cover of funds at the Mumbai stock market. Investors' wealth (BSE market cap) today stood at Rs. At the end of the working hours of Rs 2.26 lakh crore, it was Rs. Reached $ 157.06 million.

With the prospect of a war between the United States and Iran, the dollar was rapidly falling in the global market. After that, global gold fell sharply to $ 1,551 and silver to $ 17.85. The rupee had lost 50 paise to 71.21 against the rupee.

Gold and silver in the Ahmedabad gold and silver market are losing Rs. 1100 breaks down to Rs. 41200. While silver was Rs. 1400 breaks down to Rs. The 47200 remained soft.