The key indices of the Indian stock markets, the Sensex and Nifty, rose by around 2% on Monday, led by strong buying support in IT stocks on the back of positive cues from global equities.This is the third session in a row that the Indian equity markets have rallied.
The Sensex had gained 632.13 points, or 1.17 percent, in the previous trading session on Friday.
As the trading session commenced on April 19th, both the Sensex and the Nifty continued their downward trend for the fifth consecutive day, fueled by reports of Israel's recent missile launch on Iran. This event triggered a surge in oil and gold prices, heightening concerns about the global economy. Concurrently, the commencement of Lok Sabha elections added to the domestic landscape. The Indian rupee also opened at a historic low of 83.55 per Dollar.
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Market pressure persisted for the third consecutive session as key indices, including Sensex, Nifty, and Nifty Bank, witnessed notable declines. The midcap index closed in the red despite performing relatively better. Geopolitical tensions between Iran and Israel contributed to the market downturn. US stock futures dipped after major benchmarks suffered losses, while European and Asia-Pacific markets also experienced significant drops.
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On Tuesday, equities snapped a three-day winning streak ahead of the Q4 -March quarter GDP data and amid a gloomy global mood. The S&P BSE Sensex closed at 55,566, down 359 points or 0.6%.
#Sensex..
Today's Share Market News, Sensex, Nifty, and Share Price Updates, 26 May 2022: The S&P BSE Sensex gained 503.27 points (0.94%) to close at 54,252.53, while the Nifty 50 gained 144.35 points (0.90%) to..
A massive profit booking in IT, midcap, and small cap stocks forced the market to close in the red for the third consecutive session on Wednesday, as benchmarks fell more than 5%. Today's session saw..
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