Sensex jumps 156 points in morning trade; within striking distance of 62k level
Key indices of the domestic equities market opened higher on Monday morning as buying in IT stocks took place, defying weak global cues prevailing across the world.
BSE 30-share Sensex went up 156 points to 61,909.79 and NSE Nifty 50 surged 69 points to 18,272.60 in morning trade on Monday.
In the Asian markets, Hong Kong’s Hang Seng surged 237 points, Japan’s Nikkei dropped 5 points, China’s Shanghai surged 16 points, Philippines Stock Exchange was trading in the negative territory and Thailand Set was trading in the positive territory.
According to CNN Business, experts seem to agree that the US Federal Reserve is unlikely to raise rates again in June. “The absence of any such preparation [for a raise] is the signal and gives us additional confidence that the Fed is not going to hike in June absent a very big surprise in the remaining data, though we should expect a hawkish pause,” Evercore ISI strategists said in a May 19 note.
Read More – Suzlon And Vibrant Energy Partnered For Big Project , Know Impact Of Suzlon In Share Market
Continuing the achievement of the journey of effectiveness and credibility of more than 10 years in the career of journalism, as a woman journalist, I am Serving as the founder, promoter and editor of DiaryTimes with the trust and support of all. My credible coverage may not have given a big shape to the numbers, but my journey presents articles that make you aware of the exact and meaningful situations of Himachal’s politics, ground issues related to the public, business, tourism and the difficult geographical conditions of the state and financial awareness. DiaryTimes, full of the experience of my precise editorial expertise, is awakening the flame of credible journalism among all of you, so that the eternal flame of meaningful change can be lit in the life of the people of the state and the atrocities being committed against the people can be brought to the fore, I am motivated for that. If even a small change comes with the power of my journalism and the whole world becomes a witness to that issues, then I will consider myself fortunate.
