North India Statesman
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Today, the Nifty is a monthly completion for the stock markets and the market has made a strong start today. In the beginning today, the Nifty was trading up 100 points at 24,860. The Sensex rose 450 points to around 81,751. Bank Nifty also gained 250 points. IT and metal stocks rose when the news of price hike from the US came up. The IT index on Nifty rose more than 1 percent. Midcap and smallcap stocks have also seen tremendous boom.
Looking at the initial stock levels, the Sensex opened at 81,591 above 279 points. The Nifty opened 43 points to 24,825. Bank Nifty opened up 154 points at 55,571. In the money market, the rupee weakened by 14 paise and opened at $ 85.50.
Which stocks are growing and which are falling?
The Sensex recorded an increase in shares of Infosys, Tata Steel, Tech Mahindra, HCL Tech, Sun Pharma, TCS. The shares of Ultratech Cement, Bajaj Finance, Bajaj Finserv, Bharti Airtel, Axis Bank and Maruti Suzuki declined. Infosys shares also rose the most in the Nifty. Shares of JSW Steel Trent, Tech Mahindra, Wipro, HCL Tech, Tata Steel also recorded an increase. The shares of Apollo Hospitals, UltraTech Cement, Tata Consumer, Bajaj Finserv, Geo Financials declined.
Gold prices again softened again, cheaper for the third consecutive day; New rates of silver also
Global market signal
Today, strong signs are coming from the US futures market. Actually, a very surprising and amazing news has come out on the tariff’s front. An American court has stopped Donald Trump’s ventilative tariff, saying that the President has worked out of his jurisdiction.
Due to the court ban on retaliatory charges, Dow Futures increased by 500 points and gift Nifty rose by 50 points to above 24800. Nikkei increased by 550 points. Yesterday the US market lost its initial lead and closed down with a decline. Dow fell 250 points and Nasdaq fell 100 points to close at the lowest level of the day.
Commodity market status
Gold fell by $ 50 to $ 3,300 in the commodity market, while silver weakened and fell below $ 33 for the fourth consecutive day. The price of crude oil rose by one percent to above $ 65. In the international market, the price of raw sugar came to a 4 -year low, while the price of Robusta coffee came to a 5 -month low.
FII-DII continued shopping in cash for the fourth consecutive day yesterday due to a large block deal at ITC. Domestic funds bought shares worth Rs 7900 crore, while FII bought cash worth about Rs 4700 crore and sold shares worth Rs 1250 crore.
The series is ending today, who will get a shock?
IndusInd Bank has suffered another setback. In the Insider Trading case, SEBI has banned 5 top officials, including former IndusInd Bank CEO Sumant Kathpalia, from working in the stock market. It is alleged that for the last one and a half years, information was being received about accounting irregularities.
Talking about the results, SAIL and Deepak Nitrite gave good results while Cummins and IRCTC performed together. Birla Soft results were bad. Today, Bajaj Auto will result in the Nifty, while F&O will have a market eye on the results of enrichment madrasan, SJVN, Elkem Labs, NBCC and Prestle Estates.
With the May series ending today, Apollo Tires, Deepak Nitrite, Escorts Kubota, MRF and Ramko Cements will be out of F&O. In April, the country’s IIP growth rate declined from 5.2 percent to 2.7 percent, but it is better than expected.
