Market Updates 28 May: Nifty hits all-time high today
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Market Updates 28 May: Nifty hits record high today at 15469.65 levels, Sensex up 307 points
Closing bell: Sensex and Nifty today 28 May: Indian stock markets opened higher on Friday admit positive global cues. The key benchmark indices traded above their neutral lines on the back of buying in metals, oil & gas, and financial stocks. Nifty hits a fresh record high at 15469.65 today and breaches the previous all-time high of 15431 made in Jan 2020.
The global market sentiments were positive today due to better economic data in the U.S, reopening businesses in Europe, and assurance of the Federal Reserve to keep easy policy despite rising inflation. On the domestic front, the sentiments got boosted with the hopes of reopening businesses from June, as daily coronavirus cases are in a declining stage.
Market updates: Sensex, Nifty, and Bank Nifty today 28 May
At the close, Nifty gained 97.80 points or 0.64 percent and closed at 15435.65 levels while Sensex was up 307.66 points or 0.61 percent and ended at 51422.88 levels. The Bank Nifty on the spot price closed slightly higher by 46.40 points or 0.14 percent and finished at 35141.45 levels.
The border markets closed slightly lower today. The Nifty midcap index was down by 9.80 points or 0.04 percent and ended at 25695.10 levels. The Nifty smallcap index was down by 66.10 points or 0.71 percent and finished at 9254.15 levels.
The top five gainers in the Nifty 50 index were Reliance, Grasim, Adani Port, M&M, and Coal India. On the losing side, Sun Pharma, Bajaj Finserve, Shree Cement, ICICI Bank, and Dr, Reddy’s Lab closed in the red. The most active stocks for the day in the Nifty 50 index were Reliance, SBI, and Tata Steel.
On a sectoral front, Oil & Gas, Metals, Insurance, Telecom, and Financial sectors closed higher. The sectors that closed in the red were Capital Goods, Healthcare, IT & Software, Power, and Automobiles sectors.
Market live today 28 May: Sensex and Nifty are trading half percent higher, Metals, Oil & Gas stocks are in focus
Sensex and Nifty live today 28 May: Indian stock market opened higher as indicated by the Asian market peers in the morning. Nifty opened at 15421.20 levels, up by 83.35 points while Sensex made a positive opening of 266.05 points at 51381.27 levels. The Bank Nifty on the spot price made a gap up opening of 250.6 points at 35345.65 levels.
At 9.50 am IST, Sensex and Nifty are trading higher by 0.64 percent and 0.72 percent respectively while the Bank Nifty on the spot price is trading 0.65 percent up.
Tata Steel, JSW Steel, and Reliance are trading as the top gainers in the Nifty 50 index whereas Sun Pharma, Dr. Reddy, and Wipro are trading as the top losers. The most active stocks in the Nifty 50 index are SBI, Tata Steel, and Sun Pharma.
On a sectoral basis, Metals, Oil & Gas, Finance, and Banking sectors are trading higher whereas Healthcare and Chemical sectors are trading marginally lower at this moment.
Sensex and Nifty are likely to open higher
Good morning and welcome to the Sensex and Nifty live today 28 May at 7.55 am IST
Asian markets are trading in the green on Friday tracking the positive cues from the U.S markets overnight. Nikkei and Hang Seng are trading higher by 2.03 percent and 0.64 percent respectively while Shanghai is trading almost flat, up only 0.11 percent. The SGX Nifty is trading higher by 60 points at 15474 levels. The indication getting from the Asian market peers is positive for Sensex and Nifty today.
The US markets climbed on Thursday after the weekly job data released showed the strength of the economic recovery. The US market indexes, Dow and S&P 500 gained 0.41 percent and 0.12 percent respectively. The tech-heavy Nasdaq closed almost flat, down 0.01percent on Thursday.
European market indices closed mixed on Thursday. The market sentiments got boosted after the planemaker Airbus hiked its jet output targets. The German index closed lower as pharmaceuticals maker Bayer was hit by a court ruling. The European market index FTSE and DAX closed lower by 0.10 percent and 0.28 percent respectively. CAC closed higher by 0.69 percent on Thursday.
Indian stock market closed marginally higher on the monthly F&O expiry day amid negative cues from the other Asian market peers. The key benchmark indices Sensex and Nifty gained 0.19 percent and 0.24 percent respectively. FIIs were the seller and DIIs were the buyers in the cash market segment. FIIs sold Rs 660.90 crores and DIIs bought Rs 112.38 crores in the cash market segment on Thursday.
News that may impact the Sensex and Nifty live today 28 May
The UBS securities have warned that the economic disruptions arising from the second wave are likely to stabilize only after July. The Swiss brokerage house further said that the Indian economy may face more downside risks now, due to the second wave of covid. Last month, the foreign brokerage house had cut its GDP forecast by 150 bps to 10 percent for FY22.
The U.S weekly jobless claim fell new pandemic low, extending a steady downward trend and adding a sign of recovering jo markets. The U.S jobless claim fell 406,000 in the week ended 15 May from 444,000 the prior week as per the labor department.
Today’s quarterly report- Mahindra & Mahindra, Glenmark Pharmaceuticals, Indian Bank, IPCA Lab, Aditya Birla Fashion and Retail, Bengal & Assam Company, Camlin Fine Sciences, Dilip Buildcon, Deepak fertilizer & Petrochemicals, and others.
You can visit again to read more updates on Sensex and Nifty live today 28 May, after the markets get open.
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