Domestic stock market openly with rapid, Sensex rises 393 points, Nifty also crosses 24,700
After heavy profits in the last season, the domestic stock market on Wednesday started trading with great speed. At 9:30 in the morning, the BSE Sensex was trading 393 points at the level of 81,514.22. Similarly, the NSE Nifty was also trading at the level of 24,704.15 with a gain of 125.8 points. Apart from this, the Nifty Bank was also trading at the same time at the level of 55,041.35 with 100.5 points.
In early trade, all the Sectoral Index except the Nifty Pharma Index was trading. The broad markets were in line with benchmarks, even in early trade, a half percent gain was recorded.
Retail inflation figures also affected
Along with global signs and other factor, the impact of positive data of inflation has also been seen on the market. In April, consumer value inflation i.e. retail inflation came to a lower level of 3.16 percent. This was caused by a decrease in food inflation, due to lack of vegetable inflation. This is the lowest inflation rate since July 2019.
Today’s trend in Asian market
Asia’s benchmark stock index rose. It was led by Tech Sector. Investors were waiting for the income of some of the largest Chinese technology firms this week. According to Bloomberg, Tensant shares in Hong Kong increased by 2.4%, while Alibaba’s shares increased by 1.7%. The shares of the Taiwan Semiconductor Manufacturing Company in Taipei increased by more than 2%, which was the biggest reason for the MSCI Asia Pacific index.
On the other hand, the American benchmark stock index erased its loss of 2025 after the signs of trading stress decreasing and a report after a report was reduced by the forecast of American inflation economists. The S&P 500 closed up 0.7%, while Nasdaq 100 climbed 1.6% and the Magcap’s Bloomberg Magnificent Consumption Index increased by 2.2%.
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