Share Market Opening on 26 May: On Friday, on the basis of the support received from the global markets, the domestic market has started the business strongly. Both the major domestic indices BSE Sensex and NSE Nifty are on the fast track for the second consecutive day. In the beginning business of the last day of the week, both the indices are up by per cent.
Green environment from pre-open
The domestic stock market was showing signs of opening in the green zone even before the start of today’s trading. In Singapore, the futures of NSE Nifty SGX Nifty (SGX Nifty) was trading at a good speed of 0.55 percent in the morning. This indicated that the domestic market could make a strong start today. Both Sensex and Nifty were up in the Pro-Open Session. Before the start of the session, the Sensex was up by around 115 points, while the Nifty was up by around 50 points.
The market started like this
When trading started in the market at 09:15 am, the BSE’s 30-share index Sensex remained in the lead. In early trade, it was trading near 62,000 mark with a gain of about 120 points. The Nifty was trading above 18,350 points after gaining about 30 points. The domestic market is expected to remain strong in the business of the last day of the week.
Getting support from global markets
Overall bullish trend is being seen in the global markets. There was a period of ups and downs in the American stock markets on Thursday. The Dow Jones Industrial Average was down 0.11 percent, while the S&P 500 was up 0.88 percent, while the tech-focused Nasdaq Composite Index was up 1.71 percent. Asian markets are showing a boom in today’s business. Japan’s Nikkei is up 0.49 per cent, while the Topix index is up 0.24 per cent. Hong Kong’s Hangseng is closed today due to a public holiday. Kospi of South Korea is trading at a speed of 0.22 percent.
Such condition of Sensex companies
Talking about the initial business, the shares of most of the big companies are showing strength. At 09:20 in the morning, only 8 out of 30 Sensex companies were in loss. Shares of 22 companies have started trading with gains. Amidst the support from the global markets, IT stocks seem to be returning fast. Today all the big IT stocks are in the green zone.
this week has been like this
Earlier on Thursday, the 30-share Sensex of BSE was in profit of about 100 points. Nifty also closed in the lead. On Wednesday, there was a break in the market for 3 consecutive days, while the markets were strong in both the initial days of the week i.e. Monday and Tuesday. In this way, the domestic markets are poised to remain profitable on a weekly basis.
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