Sensex Today: Live Stock Market Updates: RIL, IT and Banking Stocks Give Sensex a 1,100 Point Boost; Clever in the lead 16,650; all sectors are trading in the green

Sensex Today Live: Automakers Mahindra and Mahindra led a 1% jump in Indian shares on Monday after reporting positive quarterly results, while the market also benefited from an improvement in global sentiment on news that Shanghai ease COVID-19 restrictions. Nifty’s IT sub-index built on the previous session’s rally with a 2.6% jump on Monday.

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Domestic shares saw their market value rise by Rs 4.4 lakh crore in Monday’s trading, as investors followed the surge in US stocks on Friday in hopes of a spike in inflation soon. BSE’s market cap rose to Rs 257.51 lakh crore from Rs 253.13 lakh crore in the morning session. Factors behind the rally

  1. Wall Street wins
  2. US Inflation Concerns Easing
  3. Reopening of China
  4. Buy from heavyweights
  5. Rupee strengthening
  6. Evaluation comfort

Live Market Updates: BSE Smallcap Index Rebounds Over 2%, Above Benchmark Sensex

Shriram Properties rebounds 13% as business returns to black in March quarter

Shares of Shriram Properties soared around 13% in the first trade on Monday after the company reverted to black in the March quarter of 2022. The recently listed property company reported consolidated net profit of Rs 64 .4 crore for the quarter ended March. Its net loss stood at Rs 3.15 crore in the prior year period. Following the earnings announcement, shares of Shriram Properties climbed 13% to Rs 72, before trading at Rs 66.75 as of 10:10 am. The certificate stood at Rs 63.90 on Friday.

I would say that right now the US economy is doing pretty well. The consumer is still in very good shape. If you look at measures like consumer credit, the US economy as a whole is healthy. However, there are certainly worrying signs. Certainly tighter monetary conditions drive down asset prices, which has an effect on how people perceive their wealth and this should start to affect consumption patterns in the future, but we don’t. haven’t seen yet. So it’s very, very difficult to predict or be sure of anything. I don’t think there is (yet) enough data.

– David Solomon, CEO of Goldman Sachs

Live Market Updates: Tata Motors shares rose nearly 3% after the company announced the signing of a memorandum of understanding for the potential acquisition of Ford India’s Sanand plant

Price as of May 30, 2022 10:20 a.m.Click on company names for their live prices.

When the market is in a corrective phase or trying to find a potential bottom before the rally begins, investors should not fish for the bottom because a falling knife is always dangerous.

– Mayuresh Joshi, Head of Research – Equities, William O’Neil India

The rupee jumped 12 paise to 77.46 against the US dollar in early trading

The rupiah appreciated 12 paise to 77.46 against the US dollar at the opening of trade on Monday, supported by a fall in the dollar index and positive domestic equities. On the interbank exchange, the rupee opened at 77.53 against the US dollar, then gained ground to trade at 77.46, registering a rise of 12 paise since the last close. On Friday, the rupee had settled at 77.58 against the US dollar.

Sensex today LIVE: Index extends rally, up more than 900 points

Sensex today LIVE: Index extends rally, up more than 900 points

Ethos: pre-opening list

  • ESB: Rs 830 (5% decrease)
  • NSE: Rs 825 (6% drop)

The market is ready for a short-term rally. The sharp rise in the Nasdaq and S&P 500 at the end of last week indicates a short-term trend reversal. The decline in the dollar index and US 10-year bond yields is also positive for risk, especially in emerging markets. The beaten IT segment is likely to stage a good comeback aided by short hedges. Financials, especially the major banks, have more room for improvement thanks to delivery-based investment purchases. However, Brent Crude at $120 is a major macroeconomic headwind.

– Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Future Consumer, Vodafone Idea, Adani Power among the most active stocks on NSE

Price as of May 30, 2022 09:27Click on company names for their live prices.

Sensex today LIVE: IT stocks lead winners in early morning trading

Sensex today LIVE: IT stocks lead winners in early morning trading

Sector watch: except for Nifty Metal, all indices on NSE are trading in the green

Sector watch: except for Nifty Metal, all indices on NSE are trading in the green

OPENING BELL: Sensex rises 650 points, Nifty passes 16,500; Zomato and Infosys grow by 3% each

OPENING BELL: Sensex rises 650 points, Nifty passes 16,500;  Zomato and Infosys grow by 3% each

FOREX UPDATE: Rupee opens at $77.52 vs. Friday’s close at $77.56

Oil climbs ahead of EU meeting on Russia sanctions

Oil prices hit two-month highs on Monday as traders waited to see if the European Union would reach a deal on a Russian oil ban ahead of a meeting on a sixth sanctions package against Moscow over its invasion of Ukraine. Brent crude futures gained 46 cents, or 0.4%, to $119.89 a barrel at 0111 GMT, while US West Texas Intermediate (WTI) crude futures jumped 60 cents, or 0.5%, to $115.67 a barrel, extending last week’s strong gains.

SGX Nifty reports positive start

Nifty futures on the Singapore Stock Exchange traded 123 points, or 0.75%, at 16,460, signaling Dalal Street was heading for a positive start on Monday.

Tech View: Nifty Breaks Above 20-Day SMA, Faces Hurdle at 16,400

On Friday, Nifty50 broke through its 20-day simple moving average (SMA) and settled above the 16,350 level and formed a bullish candle on the daily chart and a “Hammer” candle on the weekly chart, making hinting at a coming reversal. Analysts said a close above 16,400, the upper end of the ongoing consolidation range, may open the door up to the 16,750 level. Downside supports are seen at 15,900 and 15,700.

Hong Kong and mainland stocks start with healthy gains

Stocks in Hong Kong and mainland China opened higher on Monday, in line with gains in Asia and following another rally on Wall Street, with confidence bolstered by an easing of long-standing Covid restrictions in Shanghai. The Hang Seng Index added 1.14%, or 236.14 points, to 20,933.50. The Shanghai Composite Index edged up 0.37%, or 11.72 points, to 3,141.96, while the Shenzhen Composite Index on China’s second-largest stock exchange gained 0.49%, or 9, 66 points, at 1,964.69.

Tokyo stocks open higher, following US gains

Shares in Tokyo opened higher on Monday, extending gains on Wall Street as investors focused on global economic indicators expected this week. The benchmark Nikkei 225 rose 1.21%, or 323.48 points, to 27,105.16 in early trading, while the broader Topix index rose 1.01%, or 19, 03 points, at 1,906.33.

US stocks rally, Treasury yields fall on inflation data

U.S. stocks rallied broadly on Friday as the yield on benchmark U.S. Treasuries fell after data showed U.S. consumer spending rose in April and rising inflation slowed, two signs that the world’s largest economy could be on track to grow this quarter. The Dow Jones Industrial Average rose 575.77 points, or 1.76%, to 33,212.96, the S&P 500 gained 100.4 points, or 2.47%, to 4,158.24 and the Nasdaq Composite added 390.48 points, or 3.33%, to 12,131.13.

The rupee is up 3 inches to 77.58 against the dollar

The rupiah edged up 3 pounds to close at 77.58 against the US dollar on Friday, buoyed by positive domestic stocks and US currency weakness overseas. Traders said the rupiah consolidated in a narrow range as high crude oil prices, fiscal deficit concerns and persistent FII outflows weighed on the local unit. In the interbank forex market, the rupiah opened at 77.60 against the greenback and moved into a range of 77.57-77.67 in the day’s trade.

Sensex, nice on Friday

Key Indian stock market indices Sensex and Nifty rose more than 1% on Friday, driven by strong buying support in information technology, banking and capital goods stocks. The 30 shares of S&P BSE Sensex jumped 632.13 points or 1.17% to close at 54,884.66 points against the previous day’s close at 54,252.53 points. The National Stock Exchange’s broader Nifty 50 closed 182.30 points or 1.13% higher at 16,352.45 points versus its previous session’s close at 16,170.15 points.

Hello, dear reader! Here’s something to start your trading day

Hello, dear reader!  Here's something to start your trading day

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