Finance
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed the trading session on a positive note on May 16. The BSE Sensex jumped 649.15 points, or 0.89%, to 73,636.18, while the NSE Nifty 50 gained 194.10 points, or 0.87%, to 22,394.65. Bank Nifty finished at 47,974.90, up 287.45 points (0.60%). Following the trend, the Nifty Midcap 100 closed up 466.25 points, or 0.92%, at 51,174.
The NSE Nifty 50 closed 194 points or 0.87% higher at 22,349.65, while the BSE Sensex closed 650 points or 0.89% higher at 73,636.18.
Tata Consumer Products, LTIMindtree, M&M, Bharti Airtel, and Tech Mahindra were the top gainers in the Nifty 50. While Maruti Suzuki, Tata Motors, SBI, BPCL, and Power Grid Corporations were the key laggards in the Nifty 50 on May 16.
The NSE Nifty 50 was down 32.55 points or 0.15% at 22,168, while the NSE Nifty 50 was down 81.52 points or 0.11% at 72,905.51.
The NSE Nifty 50 opens up by 0.53% at 22,319.20, while the BSE Sensex gains 0.48% to 73,338.24 in the opening trade.
The US Dollar Index (DXY), which measures the value of the dollar against a basket of six foreign currencies, traded down by 0.88% at 104.14.
Global stock markets rose to record highs while U.S. Treasury yields and the U.S. dollar fell on Wednesday as data showed U.S. consumer prices rose less than expected in April, suggesting inflation has resumed a downward trend in the second quarter, Reuters reported. The tech-heavy Nasdaq Composite ended up by 231.21 points or 1.40% at 16,742.39. The S&P 500 ends up by 61.47 points or 1.17% at 5,308.15, while the Dow Jones Industrial Average ended higher by 349.89 points or 0.88% at 39,908.
Source:FE
