The Indian Equity Index closed on a negative note on 16 May, the Nifty remained around 25,000. Comprehensive indices performed better than the main indices, with an increase of 0.8 percent in the BSE midcap index and increased by 1 percent in the smallcap index. In areas, media, electricity, PSU, realty, capital goods index remained 1–1.7 percent, while the IT index fell by about 1 percent. Bharat was in the major advantage on Electronics, Bajaj Auto, Adani Enterprises, Tata Consumer, Eternal Nifty, while Bharti Airtel, JSW Steel, Infosys, SBI, HCL technologies declined.
Regional and medium-capped performance
The Nifty Realty Index in the regional indices increased by more than 1%. At the same time, midcap and smallcap stocks also performed well. BSE Midcap was seen trading with an increase of 0.63% and BSE Smallcap 0.75%.
Cochin Shipyard’s shares saw a sharp increase at the company level. After the fourth quarter results, its shares increased by up to 12%.
Opening Bell: The stock market opened with weakness on Friday. The Bombay Stock Exchange (BSE) benchmark Sensex fell over 200 points to 82,350.
At the same time, the Nifty 50 of the National Stock Exchange (NSE) also declined by more than 40 points, but it still managed to stand at the level of 25,000.
Midcap and smallcap indices boom
After the market opened on Friday, the comprehensive market index rose. The BSE Midcap index was trading with a gain of 0.48 percent and the smallcap index with a gain of 0.53 percent. Positive trends are being seen among investors.
How will the market condition be today?
On Friday, many factors for Indian stock markets can play an important role together. Heavy Foreign Investment (FII), US President Donald Trump’s comment on Indo-US trade agreement, the fourth quarter result and global signal- all of them can be seen on the Nifty 50 and Sensex move.
At 6:30 am, Gift Nifty futures rose 141 points to 25,220, indicating the strong start of Indian markets.
Investors are eyeing Japan’s GDP report and other economic data in Asian markets. Japan’s Nikkei index fell 0.5% while the Topics index fell 0.2%. Japan’s economy declined by 0.2% in the first quarter of this year, while the forecast declined by 0.1%. This weak figure can make the business negotiations going on with the US more complicated.
On the other hand, Australia’s ASX 200 index rose 0.8%, while South Korea’s Kospi index remained stable with a slight increase. Investors are now waiting for the GDP report of Hong Kong and Malaysia.
Watch Video: Stock Market: Nifty crossing 25,000 for the first time in 7 months, know and information
The US S&P 500 index increased for the fourth consecutive day and increased 0.41%. This boom came due to expectations of agreement on temporary tariff cuts between the US and China. Dow Jones increased by 0.65%, while Nasdaq fell by 0.18%.
India’s goods trade deficit increased from $ 21.5 billion in March to $ 26.42 billion in April. In April, exports increased by 9% year-on-year, but there was a rapid increase in imports. This was the third largest figure for imports, reflecting the impact of Trump’s tariff on global trade.
How was the market yesterday?
The Indian stock markets made a brilliant boom, making a strong comeback from the fall of May 15 on Thursday 15 May. After US President Donald Trump’s statement that India offered zero-fee trade agreement to the US, the market saw enthusiasm. This news increased the trust of investors and the market rose by about 1.5%.
Out of the 13 major areas of the market, 12 areas were seen to be increased. In particular, the financial sector recorded a 1.5% increase in the financial sector and a 2% in the IT sector, leading to strong support to the market.
