Share Marke: Stock market rises in hopes of peace in West Asia, Sensex rises 300 points, Infosys rises

Mumbai, 19 May. There is a rise in the stock market today on the hope of peace in West Asia. BSE Sensex has gained more than 300 points in early trade while the National Stock Exchange’s Nifty50 index has crossed 23,700 points. At 9.24 am, the Sensex was trading at 75,668.48 with a rise of 353.44 points or 0.47%. Nifty reached 23,752.30 points with a rise of 102.35 points or 0.43%. Meanwhile, the rupee opened with a decline against the dollar for the sixth consecutive day.

21 out of 30 Sensex stocks opened with gains. IT companies have seen the biggest growth. Infosys shares opened with a rise of 3.02 percent. Tech Mahindra, TCS, HCL Tech, ITC, Bajaj Finance and Adani Ports also gained momentum. On the other hand, Titan, Eternal, UltraTech Cement, PowerGrid, BEL, Bharti Airtel, Kotak Mahindra Bank, Bajaj Finserv and HDFC Bank were among the losers.

condition of broad market

Infosys, TCS and Tech Mahindra were the biggest gainers in Nifty. In broader markets, Nifty Midcap has increased by 0.41 percent and Nifty Smallcap has increased by 0.45 percent. If seen sector wise, there has been a rise of about 4 percent in Nifty IT. Nifty Chemical and Nifty FMCG also outperformed. Nifty Private Bank, Nifty Bank and Nifty Financial Services declined.

stock market movements

1- Rise in domestic stock market, Sensex jumped 300 points, Nifty up 100 points.

2- Infosys, Tech Mahindra, TCS, HCL, ITC and Bajaj Finance bullish.

3- Titan, Eternal, UltraTech Cement, PowerGrid, BEL and Bharti Airtel fell.

4- Donald Trump stops military action in Iran, crude oil price falls by 2%

Why did it accelerate?

US President Donald Trump says he has stopped military action against Iran at the request of Middle East leaders. Trump said that if such an agreement is made with Iran, it will be acceptable to America as well as other countries of West Asia. After his statement the price of crude oil has fallen. Brent crude is currently trading at $ 110 per barrel, down 1.89 percent.