Sensex Finishes Over 450 Points Higher; Nifty Reclaims 25,000 As IT and Auto Stocks Rally

Stock Market Today: Headline indices started the week on a positive note as the Sensex and Nifty closed higher on May 26. The BSE Sensex ended higher by 455.37 points or 0.56 per cent at 82,176.45 and the Nifty reclaimed the 25,000 mark ending higher by 0.6 per cent or 148 points.

Bajaj Auto and JSW Steel Lead Nifty Gainers

As many as 38 stocks which are a part of the Nifty 50 index finished in the green while 12 stocks closed lower. Bajaj Auto, JSW Steel, Mahindra & Mahidra and Trent Ltd closed the session higher by up to 2.39 per cent. On the other hand Eternal, Ultratech Cement, Kotak Mahindra Bank, Powergrid Corporation of India Ltd closed lower by 4.59 per cent.

Nifty MidCap 100 and Nifty SmallCap 100 Gain

The Nifty MidCap 100 and the Nifty SmallCap 100 extended gains for the second straight session closing higher by as much as 0.67 per cent. On May 26 all sectoral indices ended in the red with Nifty Auto and Nifty IT gaining the most as they closed higher by 1.05 per cent and 1.02 per cent.

Global Markets

US market indices ended Friday, May 23’s session on a mixed note. The S&P 500 and the Nasdaq Composite closed lower by 1 per cent. The Dow Jones Industrial Average closed higher by 1.11 per cent. The CAC 40 and FTSE 100 traded higher by up to 1.67 per cent at the time of writing. At the time of writing, Asian indices traded in the red, with the Hang Seng and Shanghai Composite trading lower by as much as 1.37 per cent. Around the same time the Nikkei 225 traded higher by 0.99 per cent.

Primary Market Action

The mainboard of Aegis Vopak Terminals Ltd and Schloss Bangalore Ltd opened for subscription today. On the other hand, the public issue of Unified Data-Tech Solutions Ltd closed for bidding.

Market Cues

Stock market investors are likely to monitor several cues in the upcoming week such as key macroeconomic data in the form of US and India GDP numbers, US Federal Reserve Chief Greg Powell’s speech and other US trade tariff related announcements.