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Stock markets rise on strong global cues, Sensex crosses 61,500, SBI shares up 1.5%

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Stock Market Today: The Indian stock market opened with a boom on the last trading day of the week. This boom in the market is due to global cues. The BSE Sensex opened up 125 points at 61,556 and the Nifty opened up 56 points at 18,186. Around 1335 scrips advanced, 631 scrips declined and 109 scrips remained unchanged.

SBI, HCL Technology, Infosys, UltraTech Cement, Tech Mahindra were top gainers on the Nifty, while Divis Labs, Eicher Motors, Tata Consumer Products, Maruti Suzuki and Titan Company were top losers on the Nifty.

Shares under F&O restrictions on NSE

L&T Finance Holdings, Aditya Birla Fashion & Retail, LIC Housing Finance, Balrampur Chinese Mills, Delta Corp, GNFC, Punjab National Bank and Manappuram Finance F&O stocks are the 8 stocks under the ban on NSE as on May 19. Let us tell you that if the position in the securities exceeds their market wide position limit, then the stocks included in the F&O segment are placed in the restricted category.

 

Strong signals from global markets

Global markets are climbing on hopes of a debt ceiling deal in the US. Asian markets are seeing a rise of about half a percent. SGX Nifty is also trading with a boom. Yesterday, the American markets saw a boom for the second consecutive day. The S&P hit a 9-month high and the NASDAQ hit a 1-year high.

The S&P hit a 9-month high and the NASDAQ hit a 1-year high. US markets closed on the green mark for the second consecutive day. The Dow Jones had closed up 115 points. The S&P 500 closed at a nine-month high. The Nasdaq closed at a one-year high yesterday. The Nasdaq is up nearly 4% over the past four sessions.

The US 2-year bond yield rose 0.30% this week. At the same time, the dollar index reached the highest level of 2 months. Walmart delivered better than expected results. Walmart’s sales grew nearly 8% in Q1. The company’s revenue increased to $ 15,230 million in Q1. The company says that earnings are expected to grow at a rate of 3.5%.

Asian market

Meanwhile, mixed business is being seen in the Asian markets today. SGX Nifty showed a gain of 35.00 points. At the same time, Nikkei is seen around 30,892.47 with a gain of about 1.03 percent. Also, it shows an increase of 0.65 percent in direct time. Taiwan’s market is trading at 16,128.74 with a gain of 0.17 percent. While the Hang Seng is seen at a level of 19,463.46 with a decline of 1.34 per cent. At the same time, Kospi is trading with a gain of 0.73 per cent. At the same time, the Shanghai Composite closed at 3,282.35, down 0.46 per cent.

How was the market on 18 May?

Indian equity markets fell for the third straight session on May 18. The market started with a boom today. But this lead did not last. At the end of trading, the Sensex closed at 61431.74, down 129 points or 0.21 per cent. At the same time, the Nifty closed at 18130 with a decline of 52 points or 0.28 per cent.