Share market rejoiced with the news of America-Iran deal, Sensex crossed 76,029, Nifty also took a big jump.

Share Market Opening: This week has been full of ups and downs for the Indian stock market. A rise is being seen in the stock market on the last day of the trading week. The impact of positive signals regarding the ongoing peace talks between America and Iran is clearly visible on the market. Investors are happy with the deal between both the countries.

There is a buying environment in the stock market on Friday (May 29). Both the major indices have also made a good start. BSE Sensex opened at 76,029.45 with a rise of 161.66 points, while NSE Nifty was trading at 23,964 with a rise of 57.15 points.

Tremendous rise in IT sector shares

IT shares were leading the market rise in early trade. Nifty IT was the top gainer among the indices. Apart from this, Nifty PSU Bank, Nifty Realty, Nifty Pharma, Nifty Media, Nifty Healthcare, Nifty Private Bank, Nifty Services, Nifty Energy and Nifty Commodity were in the green. Nifty India Defence, Nifty Infra, Nifty PSE and Nifty Consumer Durables were in the red.

However, if we talk about market cap, there was mixed trading in midcap and smallcap. The Nifty Midcap 100 index was marginally up by 18 points at 62,578 and the Nifty Smallcap 100 index was up by 50 points at 18,345.

IT companies’ emphasis on Sensex

Infosys, Trent, HCL Tech, TCS, Maruti Suzuki, Tech Mahindra, L&T, Axis Bank, Bajaj Finance, ICICI Bank, UltraTech Cement, SBI, HUL and Titan were the gainers in the Sensex pack. Bharti Airtel, ITC, IndiGo, HDFC Bank, Eternal, Kotak Mahindra, Sun Pharma and Bajaj Finserv were the losers.

International markets also booming

Most of the Asian markets are witnessing a rise. Tokyo, Hong Kong, Bangkok, Seoul and Jakarta were in the green. However, Shanghai was in the red. American stock markets closed in the green on Thursday. The Dow Jones closed up marginally by 0.05 percent and the Nasdaq closed up 0.91 percent. The reason for the rise in global markets along with India is the progress in peace talks between America and Iran.

Also read- RIL’s record profit, yet Mukesh Ambani did not take even ₹ 1 salary; How to earn ₹4000 crore without salary?

Crude oil fell below 100 dollars

For this reason a decline is being seen in crude oil. Till the time of writing the news, WTI crude was down by 1.17 percent at $ 87.88 an ounce and Brent crude was down by 0.85 percent at $ 91.94 an ounce.