SENSEX, an index of Bombay Stock Exchange consisting of 30 largest and highly tradable stocks went on to a rushing spree and ended up at an all time high mark of 30,133 recently.
Trump's Election promise to investors
- Investors eagerly await US President Donald Trump's "big tax reform and tax reduction" announcement. Trump's plans would include a slashing of the corporate tax rate and lower taxes on offshore earnings stockpiled by US companies overseas.
- There is a healthy cut of 20% on cards from the existing 35% to a level as low as 15%
Optimism from French Polls
Relief rally was triggered in the global markets after pro-centrist and market favourite Emmanuel Macron won the first round of French Presedential elections. Macron won first round vote with 23.91%. Far-right nationalist and anti-euro candidate Marine Le Pen came in second with 21.42%.
Rupee strengthened past the 64 mark against the US dollar for the first time since in over an year, tracking the gains in the global equity markets. The currency went on to touch a high of 63.96, the best it performed since August,2015.
Inflows from Foreign and Domestic investors
The foreign institutional investors (FIIs) were net buyers in the Indian equity market on April 25, helping the major indices hit their respective record highs. The domestic institutional investors have been pouring funds in the markets for past many trading sessions.
As per the data available at the NSE, FIIs poured in Rs 178.82 cr in the markets while DIIs also bought shares worth 998.26 crore.