Stock market rises for the second consecutive day, Sensex rises by 330 points, Nifty also crosses 24450:

News Topical,Digital Desk : Stock Market Today: Amid the rise in Asian stock markets, the Indian stock market is also witnessing a rise on Tuesday, the second trading day of the week after Monday. As soon as the market opened at 9.20 am, the Sensex jumped 300 points. However, after that the Sensex has seen a rise of about 331. While it is beyond 24,450. Earlier, on Monday, the Sensex closed at 80,218.37 with a gain of 1005.88 points i.e. 1.27 percent. While Nifty 50 also rose and closed at 24,328.50 with a gain of 289 points i.e. 1.20 percent.

If we talk about Asian markets, there are mixed signals. Dow futures have shown an increase. Australia's S&P200 has seen a rise of 0.56%, while South Korea's Kospi has seen an increase of 0.27%. The Japanese stock market is closed due to a public holiday. If we talk about the rupee, it has strengthened further and has reached 84.95 against the dollar.

Positive trend in stock market

Amidst the uncertainties in the global market, countries around the world including India are negotiating with the US on trade. The reduction in tensions between China and the US has also had a positive effect on the stock markets. A day earlier, a good recovery was seen in the US stock market. There was volatility in the Wall Street index. The S&P 500 saw a jump of 0.06 percent and closed at 5,528.75 while the Nasdaq Composite fell by 0.1 percent.

Market experts say that despite weak IIP data and mixed corporate earnings, the markets are getting strong support from foreign and domestic institutional buying. However, concerns about global growth, trade tariffs and income remain. India's volatility index (VIX) has fallen slightly to 16.94, but remains above the warning level of 15.