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Share market closing bell: The Indian stock market opened firmly in the first trading session of the week on Monday (May 26) amid mixed trend in global markets. The market rose due to an increase in shares of prominent players ICICI Bank, HDFC Bank and Reliance Industries in the index. In addition, US President Donald Trump has postponed 50% tax on imports from the European Union till 9 July. It has had a positive impact on the market perception.
Today, the 30 -share BSE Sensex opened with a gain of over 200 points at 81,928.95. As it opened, it increased by more than 500 points. The shares of the remaining 25 companies except 5 of the 30 Sensex companies remained in the green mark. Similarly, the Nifty-50 of the National Stock Exchange (NSE) also opened firmly at 24,919.35. At 12:00 pm, it was trading at 25,000.05 with a gain of 146.90 points or 0.59%.
Trump postponed the tariff on European Union till July
Trump on Sunday withdrew his threat to impose 50% tariff on imports from the European Union. He has also agreed to extend the time limit of trade talks till 9 July. European Commission Chairman Ursula von Der Leyen said that the European Union needs more time to “reach a good agreement”.
Top -profit
Today, M&M, Tata Motors, Nestle India, HCL Tech and Bajaj Finserv were the most profitable in the Sensex. Whereas Eternal (Zomato), Kotak Mahindra Bank and HDFC Bank lagged the most backward.
Market shopping
All the market sectors were trading in green mark. The biggest lead is seen in Nifty Pharma, Metal and Auto sector. It increased by 1% in early trade. At the same time, 0.68 per cent in Nifty Smallcap 100 index and 0.68 per cent in Nifty Midcap 100 index.
On Friday, the major benchmark index of the Indian stock market Nifty-50 and the Sensex closed up about 1% after opening flat. Reliance, HDFC and information technology and consumer discretionary stocks led to a boom in the market.
Meanwhile, the results of the fourth quarter of the remaining companies, US President Donald Trump’s decision to delay tariffs on the European Union, mixed signs in global markets and activities of foreign investors (FIIs) today are expected to affect Sensex and Nifty 50 perception.
UPI users pay attention! Rules of transactions are changing from July 31, know what are new changes
Global market
The Asian markets on Monday rose after US President Donald Trump announced the extending 50 percent tariff on goods coming from the European Union till 9 July. This reduced the concern of investors.
Japan’s Nikkei index rose 0.7 percent. The broad topics index increased by 0.53 percent. In early trade, KOSPI increased by 0.7 percent, while the ASX 200 remained stable. American stock futures increased in the early business hours in Asia. American markets will remain closed on Monday on the occasion of Memorial Day.
Wall street declined on Friday. S&P 500 declined by 0.67 percent. Nasdaq Composite declined by 1 percent and Dow Jones Industrial Average by 0.61 percent.
Two IPOs open today
Aegis Vopack Terminals IPO (Mainline) and Shloss Bangalore IPO (Mainline) Today IPOs will open for membership in the market. Today is the last day to apply for Unified Data-Tech Solutions IPO (SME).