After the announcement of ceasefire between India and Pakistan, on Monday, 12 May, the Sensex closed at 82,430, up 2975 points (3.74%). This is the biggest rise of the year for the Sensex. Earlier, the Sensex had climbed 1,577 points or 2.10% on 15 April. 28 out of 30 Sensex stocks are up. Infosys stock rose 7.67%, HCL Tech 5.97%, Tata Steel 5.64%, Zomato 5.51%, TCS 5.42% and Tech Mahindra 5.36%. A total of 7 stocks including ICICI Bank and NTPC saw a jump of 4.5%. Apart from this, a total of 5 stocks including Bajaj Finserv and MM closed up 3.5%. Sun Pharma and IndusInd Bank stocks fell 3.4%. Nifty also rose 917 points (3.82%) and closed at 24,925. NSE’s IT index rose 6.70%, Realty 5.93%, Metal 5.86%, Financial Services 4.21% and Auto 3.41%. Meanwhile, FMCG, Media and Banking shares closed with a gain of more than 3%. 5 reasons for today’s rise in stock market Pakistani market rose more than 10,000 points After the announcement of ceasefire with India, on Monday, 12 May, the KSE-100 index of Pakistan’s stock market closed at 117,287, rising 10,112 points (9.44%). Trading had to be halted for an hour due to an upper circuit during the trading session. However, trading resumed later. Earlier, after the airstrikes carried out by India in response to the Pahalgam attack, it had fallen by more than 10,000 points (around 11%) in two days on May 7 and 8. Read full news… Mixed trading in the global market Foreign investors’ confidence in the market remains intact Gold fell by ? 2,023 to ? 94,393 The price of gold has fallen today i.e. on May 12. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has come down by ? 2,023 to ? 94,393. Yesterday the price of gold was ? 96,416 per 10 grams. Whereas, the price of silver has increased by ? 191 to ? 95,917. Earlier, the price of silver was ? 95,726 per kg. Earlier, gold had made an all-time high of ? 99,100 on April 21 and silver had made an all-time high of ? 1,00,934 on March 28. Read full news… The market fell by about 900 points on Friday The stock market fell on the last trading day of last week, i.e. Friday, May 9. The Sensex fell by 880 points (1.10%) and closed at 79,454. Nifty also fell by 266 points (1.10%), closing at 24,008. Out of 30 Sensex stocks, 25 fell. ICICI Bank fell by 3.24%. A total of 16 stocks including Power Grid, UltraTech Cement, Bajaj Finance, Reliance closed with a fall of about 3%. However, Titan, Larsen & Toubro, Tata Motors and SBI closed with a gain of up to 4.25%. Out of 50 Nifty stocks, 38 fell. Realty sector fell by 2.38%, Financial Services by 1.76%, Private Bank by 1.29% and Oil & Gas by 0.78%. Whereas, Government Banking index closed up by 1.59%, Media by 0.95% and Consumer Durables by 0.92%.
