fear of recession diminished in the US, boom in BSE and NSE

The fear of recession has also diminished in the US. The downturn in bond yield on Tuesday showed good growth in the US markets.

The domestic stock markets started on a brisk pace on Wednesday. Shopping in banking shares fueled the market. The new round of talks between the US and China on the Trade War issue has had a positive impact on markets around the world including India.

The fear of recession has also diminished in the US. The downturn in bond yield on Tuesday showed good growth in the US markets. This has reduced the fear of recession among investors. Here, the purchase of foreign funds in the Indian markets continues. On Tuesday, the funds saw good growth in the domestic market. This has reduced the fear of recession among investors. Here, the purchase of foreign funds in the Indian markets continues. On Tuesday, the funds made good purchases in the domestic market.

At 9.30 am, the BSE Sensex was up 196 points, or 0.51 percent, to record at 38,429. On the other hand, NSE's Nifty 50 Index also gained 49 points or 0.43 per cent to trade at 11,532 level.

On Tuesday, shopping in the American stock markets was observed. Dow Jones gained 0.55 percent, while the S & P 500 index closed with an increase of 0.72 percent. Nasdaq composite ended session with a surge of 0.71%

BSE Midcap and Smallcap Index also witnessed more than half a percent increase. Most of BSE's index was trading in green mark. Bankex, Finance and Telecom Index registered strong upto three quarter percent.

IndusInd Bank's share of the BSE Sensex rose by 3.62 per cent to Rs. 1,777.55. YES Bank's stock rose by 1.68 per cent to Rs 257.95. Stocks of Bharti Airtel, State Bank of India and Larsen & Tubro rose 1.40 per cent, 1.24 per cent and 1.09 per cent, respectively.

On the other hand, the share of ONGC fell to Rs 157.50 with a weakness of 1.10 per cent. NTPC shares fell 0.64 percent to Rs 139.20. Stocks of Power Grid, Coal India and Hero Motocorp came down by 0.62 per cent, 0.42 per cent and 0.34 per cent respectively.

Nifty Bank Index has achieved a new record level of 30,132.65. Apart from private banks, PSU banks such as State Bank of India, Punjab National Bank and Bank of Baroda have also upped the markets. On Tuesday, foreign investors invested Rs 999.02 crore in the Indian stock market. This investment has benefited the Indian market.

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