Indian stock between US President Donald Trump’s tariff war: The market has seen reforms for the second consecutive day. Today, the Sensex closed at 74340.09 with a gain of 609.86 points after a ups and downs of 975.12 points a day. After universal reforms, the capital of investors has become Rs 100 crore today. There has been an increase of Rs 4.21 lakh crore.
Nifty reached 22500 level
Nifty has retrieved a significant level of 22500 with an increase of up to 5% in shares like Reliance, Asian Paints, NTPC, Tata Steel. Today the Nifty closed at 22544.70 above 207.40 points.
All shares except telecom and realty are in green mark.
In BSE, all the regional index except telecommunications and realty remained in the green field. Realty closed down 0.42 percent and Telecom 0.27 percent. While smallcap, midcap, oil and gas and metal increased by up to 2 percent. The energy index also closed up 2.78 percent.
Energy shares surge including Reliance
Crude oil prices declined after OPEC+ declared voluntary production cuts gradually removal. Crude oil producers are targeting to restore 2.2 million barrels per day (MBPD) supply in the next two years, which is 38 percent of the 5.9 MBPD deduction applicable from 2022. After the announcement, Brent crude fell 6.5 percent in the last four seasons, reaching its lowest level since December 2021, while the WTI fell 5.8 percent, which is its biggest decline since May 2023. Due to the fall in crude oil prices, shares of Indian oil and gas companies increased today. Reliance Industries shares increased by 2.96 percent. While Hindustan Petrol, BPCL, IGL shares closed up to 4 per cent. The index closed up by 2.78 percent due to an increase of up to 12 percent in the shares included in the BSE Energy Pack.
