Share market regained its glory after the decline, Sensex jumped by more than 400 points, Nifty also crossed 23,800.

Share Market Today: There is continuous turmoil in the Indian stock market. While there was a huge fall in the market on Wednesday, today the market has become greener. On Thursday (May 21), the Indian stock market started on a positive note due to strong global cues. Sensex opened 414 points or 0.53 per cent higher at 75,732 and Nifty opened 171 points or 0.72 per cent higher at 23,830.

Defense shares were leading the market rise in early trade. Nifty India Defense was the top gainer among the indices. Almost all sectors were in the green with Nifty PSU Bank, Nifty Realty, Nifty Auto, Nifty Financial Services, Nifty Consumption and Nifty Private Bank in the green.

Rise in shares of Indigo-Asian Paints

In the Sensex pack, Indigo, BEL, Asian Paints, Eternal, L&T, Power Grid, Adani Ports, UltraTech Cement, HDFC Bank, Maruti Suzuki, SBI, ITC, Bajaj Finance, HUL, M&M, HCL Tech, Kotak Mahindra Bank, NTPC, Axis Bank, Tech Mahindra, M&M, Bharti Airtel and Titan were in the green. Whereas, Infosys, Trent, TCS and Sun Pharma were in the red.

Tremendous rise in market caps also

Along with largecaps, midcaps and smallcaps also saw a rise. The Nifty Midcap 100 index was at 61,761, up 438 points or 0.71 per cent and the Nifty Smallcap 100 index was at 18,033, up 162 points or 0.91 per cent.

Apart from this, the selling phase by foreign institutional investors (FIIs) continues and during this period they sold Rs 1,597.35 crore. However, domestic institutional investors (DIIs) invested Rs 1,968.35 crore in equities.

How is the condition of the Asian market?

Most Asian stock markets opened higher. Tokyo, Shanghai, Hong Kong and Bangkok were in the green. However, Jakarta markets were in the red. US markets witnessed a bullish session on Wednesday with the main index Dow closing up 1.31 per cent and technology index Nasdaq up 1.54 per cent.

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The reason for the rise in global markets along with India is being attributed to the statement of US President Donald Trump, in which he said that Washington will wait for a few more days for the correct response from Iran. Apart from this, weakness in crude oil and dollar is also supporting the rise in the markets.