Share Market: Market recovered after last day’s fall, Sensex jumped by nearly 500 points, Nifty crossed 25,550.

Stock Market Today Update: The Indian stock market witnessed a rise on Wednesday amid good global signals. BSE’s 30-stock sensitive index Sensex opened with a gain of 304 points at 82,530, while NSE’s Nifty 50 of 50 stocks managed to open at 25,513, up 87 points.

Asian markets remained strong on Wednesday. Japan’s Nikkei 225 rose 1.11 percent, while the Topix was flat. South Korea’s Kospi rose 0.77 percent to above the 6,000 level, and the Kosdaq was up 0.22 percent. Hong Kong’s Hang Seng futures were also indicating a higher start.

Nifty rose 72 points from the previous day

GIFT Nifty was trading around 25,672 levels on Wednesday, representing a premium of 72 points over the previous closing price of Nifty futures. This is being considered a sign of a positive start for the domestic indices.

American stock market remained strong

The US stock market remained strong on Tuesday. The Dow Jones Industrial Average rose 370.44 points, or 0.76 percent, to 49,174.50. The S&P 500 rose 52.32 points, or 0.77 percent, at 6,890.07 and the Nasdaq Composite added 236.41 points, or 1.05 percent, at 22,863.68.

Impact of American-Iran tension

The US has ordered the largest military buildup in the Middle East since 2003, including two aircraft carriers and 12 F-22 stealth fighter planes to Israel. This step is being seen as a sign of increasing regional tension.

Commodity and Currency Updates

Gold prices remained steady after falling more than 1 percent in the previous session. Spot gold stood at $ 5,146.18 an ounce and US gold for April delivery stood at $ 5,165.10. Spot silver fell 0.2 percent to $87.13 an ounce.

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The dollar index rose 0.02 percent. The euro was trading at $1.1776, sterling at $1.35 and the yen at 156.28. Crude oil also rose due to Middle East tension. Brent crude rose 0.83 percent to $ 71.36 per barrel.

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