Finance
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed in positive territory on May 02. The NSE Nifty 50 gained 43.35 points, or 0.19%, to end the day at 22,648.20, while the BSE Sensex rose 128.33 points, or 0.17%, to conclude at 74,611.11. Bank Nidty closed down 165.70 points, or 0.34%, at 49,231.05.
The Nifty 50 closed 43.35 points or 0.19% higher at 22,648.20, while the BSE Sensex closed 128.33 points or 0.17% higher at 74,611.11.
BPCL, Power Grid, Asian Paints, Bajaj Auto, and Tata Steel were the top gainers in the Nifty 50. While Kotak Bank, Bharti Airtel, Tata Consumer Products, Divi’s Lab, and HDFC Life Insurance were the key laggards in the Nift 50 on May 2.
The US Dollar Index (DXY), which gauges the dollar’s strength against a selection of six foreign currencies, experienced a decline of 0.53%, reaching 105.77 in trading.
Following a two-day session of the Federal Open Market Committee (FOMC), the US Federal Reserve declared today that it will maintain the benchmark interest rates at 5.25% – 5.50% for the sixth consecutive meeting. This decision aligns with the expectations of analysts on Wall Street.
According to Bloomberg, the US stock market experienced a downturn following the release of recent economic data indicating a significant drop in consumer confidence and ongoing wage pressures leading up to the Federal Reserve’s decision. The Nasdaq Composite, primarily composed of tech stocks, concluded the day down by 52.34 points or 0.33% at 15,605.48. Similarly, the S&P 500 decreased by 17.30 points or 0.34% to 5,018.39, while the Dow Jones Industrial Average saw a modest increase of 87.37 points or 0.23% to reach 37,903.29.
