On Thursday, May 15, the benchmark Indian equity market accelerated after US President Donald Trump’s announcement of India’s offer to reduce tariffs on American goods, which reduced trade tension between the two countries. BSE Sensex, after touching the Intrade High of 82,718.14, closed at 82,530.74, gaining 1,200.18 points or 1.48 percent. Except for IndusInd Bank, which declined by 0.24 percent, all 29 other components of the Sensex closed in the stock green mark. The shares included in the Sensex saw the highest rise in Tata Motors shares, which rose by 4.16 per cent. This was followed by 3.37 percent in HCL technologies, 2.22 percent in Eternal and 2.19 percent in Adani Ports. Similarly, the Nifty 50 was up at 25,062.10 points above 395.20 points or 1.6 per cent to 25,000 points. During the session, the index continued to trade within the radius of 25,116.25 to 24,494.45. In broad markets, Nifty Midcap 100 and Nifty Smallcap 100 index closed with a gain of 0.70 per cent and 0.54 per cent respectively. All regional index on NSE closed on Thursday. The market measuring market fluctuations closed at 16.89 points with a decline of 1.93 percent. The 30-convened index closed at 82,530.74 with a gain of 1,200.18 points or 1.48 percent. In the afternoon, the index rose rapidly and reached 82,718.14 of the day.
The Indian stock market reached a seven -month high on Thursday (May 15), rapidly overcome the decline of the day. After US President Donald Trump said that India offered a zero-tariff trade agreement to the US, India’s equity benchmark increased by about 1.5%. The Nifty rose 1.75% to 25,098 and the BSE Sensex rose 1.67% to 82,696.53 after Trump’s statement before Trump’s statement. Tata Motors increased by 4%. This increased the Nifty Auto Index by about 2%. Its luxury car brand Jaguar Land Rover considers America to be its fastest growing market. The Sensex rose 182.34 points or 0.22% to close at 81,330.56 on the previous trading day, while the Nifty rose 88.55 points or 0.36% to close at 24,666.90. The market closed with an increase in IT shares and the increase in metal stocks and purchases in the last hour.
Trump’s claim, India offers zero tariffs on American goods
Former US President Donald Trump on Thursday claimed that India had offered not to impose any tariff (import duty) on American goods. He said this during a business program in Qatar. Trump said, “India no longer wants any tariff from us … earlier they used to put the most tariffs, now they are saying zero tariffs.” However, he did not explain which areas this proposal belongs to or its terms. Trump has said such things before, but no comment has been received from the Government of India yet. Let us know that India is trying to settle a trade agreement with America. Trump announced a 90 -day ban on tariff growth for major trading partners on 9 April. It also included 26% tariffs on India.
What are the signs of global markets?
Asian markets saw a decline on Thursday i.e. Thursday. Earlier in the day, tension increased due to the hopes of reducing tension between the US-China, but today the market declined. Japan’s Nikkei index fell 0.90%, while the topics fell 0.76%. Kospi and ASX were doing stable trading with 200 minor weaknesses. In the US, S&P 500 gained 0.10%, Nasdaq increased by 0.72%, but Dow Jones declined by 0.21%.
Q4 results of these companies today
JSW Energy, Patanjali Foods, PB Fintech, Abbott India, ITC Hotels, Godrej Industries, Cochin Shipyard, LIC Housing Finance, Godfrey Philips, Page Industries, NCC, Cross Greaves Consumer, Representer Organics, BKJ Foods, Capital Point Labs, JEDF Commercial vehicle systems, LT Foods, GR Infrastructures, Allied Blenders, Prism Johnson, Welspon Enterprises, South Indian Bank and many other companies will release the results today.
