Share Market: Indian stock market buzzed even after the tariff threat of US President, know what is the reason for this

New Delhi : US President Donald Trump has said that he is going to implement reciperochl tariffs on many countries including India from April 2. As soon as this news came as soon as the stock market opened, people expected that the market would be affected due to this reason. But on the contrary, the performance of the stock market today was going to give relief.
Today's pre -opening session has gained momentum after the decline has been seen for the last several days. In today's early trade, the Sensex gained 841.15 points to 73,831.08, while the Nifty was trading at 22,369.40 with a gain of 286.75 points.
Shares of IT companies rise
According to some media reports, shares of IT companies have supported the market today. Koforge's shares rose by about 10 per cent, as the company signed a $ 1.56 billion of $ 13 -year with Sabre Corp. In addition, Shares of Infosys and Persistance System also moved up after joining JP Morgan's 'High-Convision Idea List'. The IT index gained 2 per cent, which fell more than 8 per cent in the last 10 sessions.
Asian market shows improvement
The Asian market also saw a boom. The statement of American Commerce Secretary Jina Raymondo supported the market. He said that some tariffs on Canada and Mexico can be withdrawn. This has created a positive atmosphere in Asia's stock markets. Indonesia market climbed 3 percent, while Malaysian Ringit and South Korean Vaughan also saw a strength.
Rapid in the service sector also
India's service sector has shown good growth in February. HSBC's service PMI index increased, which has increased from 56.5 in January to 59.0. The lead in export orders has played an important role in this growth.
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Will the tariff affect the stock market?
Yes, there is still concern about tariffs in the stock market. US President Donald Trump has said that the new reciperook tariff will be implemented from April 2. This can cause turmoil in global markets and the Indian stock market can also be affected. Canada, China and Mexico have already taken steps in response to US tariffs.