The main reasons for this week stock market gains

Ahead of elections in Karnataka and the uncertainty on trade relations between the US and China even though all markets have closed in big margins except forex market.

  • Internationally, there is no indication that fed rates are currently on the rise.
  • The US inflation rate is lower than the expectations.
  • Domestically, the quarterly results of ICICI Bank and Asian Paints are closed with expected results.
  • IT stocks gain support with the rupee falling to 15-month low.

Commodity and Forex Markets

  • Crude oil prices have soared due to US restrictions on Iran, as well as gold and silver are also closed at higher prices.
  • The rupee weakened by 0.47 paise against the dollar in the forex market.

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