On Friday, May 15, the stock market witnessed gains for the third consecutive day. Although the market had a slow start, it soon gained tremendous momentum. Within moments of market opening, Sensex surged 367 points and Nifty surged 128 points. Meanwhile, the market capitalization of BSE listed companies increased by ₹80,828 crore.
At the close of trading on Thursday, May 14, the market capitalization of Sensex listed companies stood at ₹4,62,22,865.061 crore. Within moments of market opening on Friday, the figure rose to ₹4,63,03,693.40 crore – a gain of ₹80,828.339 crore.
Sensex opened in the green at 75,497.10 and later touched a high of 75,765.78. Nifty also opened with gains and reached a high of 23,818. The previous day – on Thursday – the Sensex had closed at 75,398.72, registering a gain of 789.74 points or 1.06 per cent. During the trading session, the Sensex surged by up to 1,000 points. Nifty also closed at 23,689.60 with a gain of 277 points – or 1.18 per cent. The bullish trend in the stock markets continued for the second consecutive day.
**Crude Oil and Rupee**
Brent crude, the global oil benchmark, rose 1.2 percent to $106.979 an ounce. The rupee hit a new all-time low of 95.96 against the US dollar on Thursday, amid rising crude oil prices and foreign capital inflows. Later in the session, it closed at 95.64 against the dollar, registering a marginal recovery of two paise. Petrol and diesel prices increased across the country.
On Friday, petrol and diesel prices were increased by ₹3 per liter across the country. This is the first increase in the prices of petrol and diesel in the last four years. This increase has come at a time when oil marketing companies are incurring losses due to rising crude oil prices across the world. Petrol prices in the country’s capital Delhi have increased from ₹ 94.77 to ₹ 97.77 per liter. Diesel prices are now at ₹90.67 per litre, up from ₹87.67 earlier. Prices had remained stable since April 2022.
