News - Latest News, Breaking News, Breaking News Headlines Today | Times of India 24

 Today's Stock Market: The Sensex is up over 750 points in early trade, and the Nifty is above 16,550; IT stocks are up.

Today's Stock Market News, Sensex, Nifty, and Share Price Updates for 30 May 2022: The S&P BSE Sensex was up 752.85 points (1.37%) at 9:22 a.m., while the Nifty 50 was up 218.55 points at 16,571.00. (1.34 per cent).

The main equity indices on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) began over 1% higher on Monday, following the lead of their Asian counterparts.

The S&P BSE Sensex was up 752.85 points (1.37%) at 9:22 a.m., while the Nifty 50 was up 218.55 points at 16,571.00. (1.34 per cent).

All of the equities in the Sensex pack were trading higher. The top gainers in early trade were Infosys, HCL Tech, Wipro, Titan Company, Tech Mahindra, and Ultratech Cement.

Market participants will be watching for the results of insurance behemoth LIC's Q4 earnings later in the day. The company stated in a recent market filing that its board of directors will consider paying a dividend.

"The market is poised for a rally in the near term." Late last week, a dramatic upsurge in the Nasdaq and S&P 500 indicated a near-term trend reversal. The drop in the dollar index and 10-year bond yields in the United States are also positives for risk, especially in emerging economies. The battered IT sector is expected to make a strong rebound, aided by short-covering. Financials,Leading banks, in particular, have greater capacity to grow, thanks to delivery-based investment acquisition. "However, Brent crude around $ 120 is a huge macro headwind," said V K Vijayakumar, Geojit Financial Services' Chief Investment Strategist.

The world market

On Monday, Asian markets rose in lockstep with Wall Street, but the dollar fell to five-week lows as investors bet on a slowing in US monetary tightening, albeit after two big boosts in June and July. The news that Shanghai officials will waive numerous criteria for firms to restart operations on Wednesday helped to lighten the atmosphere, easing a city-wide lockdown that began two months ago.

The United States' Memorial Day holiday could result in a light session before the end of the month.

Nasdaq futures added another 0.8 per cent, after gaining 6.8 per cent last week, while S&P 500 futures firmed 0.5 per cent, having rallied 6.6 per cent last week in their best week so far this year. EUROSTOXX 50 futures gained 0.6 per cent and FTSE futures 0.1 per cent.