The Indian stock market opened on Wednesday (May 21) amidst an increase in Asian markets. The benchmark index Nifty-50 and BSE Sensex gained support in shares of Mahindra & Mahindra, HDFC Bank and ICICI Bank. Meanwhile, foreign investors (FIIs) stance, the fourth quarter of the companies and the signal from the global markets will decide the moves of benchmark index Nifty-50 and Sensex today.
Thirty -share BSE Sensex opened around 140 points at 81,327.61. At 10:40 am it was trading at 81,990.41 with a gain of 803.97 points or 0.99 percent. In addition, shares of 29 out of 30 of Sensex were trading in green mark. While only IndusInd Bank was trading in red mark.
Similarly, the Nifty-50 of the National Stock Exchange (NSE) also opened firmly at 24,744.25 points. At 10:40 am it was trading at 24,937.40 with a gain of 253.50 points or 1.03 percent. In broad markets, the Nifty Midcap and Nifty Smallcap indexs remained 0.83 percent and 0.63 percent, respectively. The trends on the regional front remained mixed. The Nifty IT declined by 0.4 percent, while the Nifty Pharma index gained 1.4 percent.
Earlier on Tuesday, the market closed down with a major decline. The 30 -share Sensex closed down 872.98 points or 1.06% to close at 81,186.44. The National Stock Exchange (NSE) closed down 261.55 points or 1.05% to close at 24,683.90.
Top gainers and losers
Sensex companies recorded the highest lead in shares of Sun Pharma, Nestle India, UltraTech Cement, HUL, HDFC Bank, Tata Motors and Maruti Suzuki. Among them, an increase ranged from 0.5 percent to 1.5 percent. Talking about the decline, shares of Eternal, IndusInd Bank, Adani Ports, Kotak Bank, Bajaj Finance and Reliance Industries declined.
Asian markets boom
Asian markets rose on Wednesday. While the six -day series of Wall Street ended. Japan’s Nikkei index was trading stable at the time of writing this article. Whereas the broad subject index increased by 0.27 percent. Kospi increased by 1.14 percent and ASX 200 by 0.6 percent.
S&P 500 declined by 0.39 percent on Wall Street. Nasdaq composite declined by 0.38 percent and Dow 0.27 percent. The decline was due to a decline in technical shares, which were at the forefront of recent boom. The tech sector declined by 0.5 percent. Nvidia declined by 0.9 percent and AMD, Meta, Apple and Microsoft also saw a decline.
FII sold shares worth 10,016 crore
Meanwhile, foreign institutional investors (FIIs) sold shares worth Rs 10,016.10 crore on the institutional activity front. At the same time, domestic institutional investors (DIIs) bought shares worth Rs 6,738.39 crore on 21 May.
Q4 results of these companies will come today
The market will react to the quarterly results of other companies including United Spirits, Torrent Pharma and Whirlpool. Apart from this, Oil and Natural Gas Corporation, Interglobe Aviation, Power Finance Corporation, Mainkind Pharma, NTPC Green Energy, Rail Development Corporation, Colgate Pamolive (India), Oil India, IndusInd Bank, UNO Minda, Astral Limited, National Aluminum Company, Ircanium Company, Star, Star, Star Cement, VA Tech Wabag, HG Infra Engineering Limited, Gokaldas Exports, Gulf Oil Lubricants India, GMM Fauler, Niralon, VRL Logistics, Protein E-Governance Technologies, Vaibhav Global, Mosquito Technology, Indian Metals and Fero Aloezes, Dishman Karbozen Amsis, Teamlies Services, Prince Pipes and Fitings, Interruch Building Solutions, Marathon Nextgen Realty, Cupid, Geojit Financial Services, Alpiex Solar, Disa India, Stove Craft, Kilburn Engineering, Paramount Communications, Motisans Jewelers
