Share Market Update: Sensex rose by 800 points, Nifty also rose by 250 points, buying in realty shares…

Business Desk – Share Market Update: Today i.e. Monday, May 25, the Sensex is trading at 76,300 with a rise of 800 points (1.13%). Nifty has also increased by 250 points (1.10%), it has reached the level of 24,000. In today’s trading, there is maximum buying in Nifty Realty, while there is least gain in Nifty IT.

A spectacular rise was seen in the Asian stock markets on Monday. South Korea’s Kospi index was seen trading at the level of 7848 with an increase of 32 points or 0.41%. At the same time, Japan’s Nikkei index jumped the most and reached the level of 65226 with an increase of 1887 points i.e. 2.98%.

Hong Kong’s Hang Seng index was also seen trading at the level of 25606, rising by 220 points or 0.86%. This rise in Asian markets was seen amid global positive signals and expectations of relief regarding crude oil. Earlier on May 22, strength was also recorded in the American markets. Dow Jones rose 294 points or 0.58% and closed at 50580. The tech-based Nasdaq index increased by 51 points or 0.19% to reach the level of 26344.

Whereas the S&P 500 index closed at the level of 7473 with a rise of 28 points or 0.37%. The biggest reason behind the increase in investor confidence in the American markets is believed to be the possible peace agreement between Iran and America.

In fact, US President Donald Trump had recently claimed that the agreement to end the war with Iran has almost reached the final stage. He said that the final details are being worked out between the two countries and this deal can be finalized after discussion with the leaders of the Gulf countries and the Israeli Prime Minister.

Trump also said that under the agreement the Strait of Hormuz will be fully reopened. It is considered to be the world’s most important maritime oil route, through which about 20% of the global oil supply passes. In such a situation, if this route opens normally then a fall in crude oil prices may be seen. In this hope, purchasing in global markets increased and investor sentiment strengthened.

Sensex closed 232 points higher on Friday

There was a rise in the stock market on 22 May. The Sensex closed at 75,415 with a gain of 232 points (0.31%). Nifty also increased by 65 points (0.27%), it reached 23,719. There was buying in bank and metal shares in the business.