Sensex trading 800 points up at 82,200; Nifty crosses 25,000; heavy buying in NSE’s banking and realty stocks.

On the last trading day of the week, Friday, 20th May, Sensex is trading nearly 800 points higher at the 82,200 level. Nifty is also up by over 250 points and has crossed 25,000.

Out of the 30 Sensex stocks, 26 are in the green and 4 in the red. Shares of Airtel, M&M, Power Grid, and Reliance have risen up to 2.5%. Maruti, Bajaj Finance, and Tech Mahindra have seen slight declines.

Out of the 50 Nifty stocks, 44 are trading higher. NSE’s realty sector is up by 1.68%, PSU banks by 1.38%, metals by 1.18%, and financial services by 1.11%. Media stocks are down.

Four Reasons Behind Market Rally:

Positive Global Cues:
Optimism over US-China trade talks has boosted global markets, strengthening investor sentiment.
Strong Domestic Investment:
Continuous buying by FIIs and DIIs is supporting the market. In June alone, DIIs have made net purchases worth ₹59,836.18 crore.
Sectoral Performance:
Buying in key sectors like banking, IT, and realty is driving Sensex and Nifty upward.
Negligible Impact of Geopolitical Tensions:
Markets have ignored concerns over the Israel-Iran conflict and other global tensions, indicating reduced risk perception.

Mixed Trading in Asian Markets

Japan’s Nikkei is down by around 50 points, trading near 38,450. Korea’s Kospi is up by about 30 points, nearing the 3,000 mark.
Hong Kong’s Hang Seng Index is up by 220 points (0.94%) at 23,455, while China’s Shanghai Composite is trading 1 point higher at 3,363.

U.S. Markets Closed on 19 June for Juneteenth

On June 19, U.S. stock markets (Dow Jones, Nasdaq Composite, and S&P 500) were closed for Juneteenth, which commemorates the end of slavery in Texas on June 19, 1865.

On June 18, the Dow Jones fell 0.10% to close at 42,172. The Nasdaq Composite rose 0.13% to 19,546, while the S&P 500 ended slightly lower at 5,981.

Investors Bought Shares Worth ₹606 Crore on 19 June

On 19 June, FIIs made net purchases worth ₹934.62 crore in the cash segment, while DIIs bought shares worth ₹605.97 crore.

So far in June, FIIs have sold shares worth ₹4,043.49 crore in the cash segment, while DIIs have made net purchases of ₹59,836.18 crore.
In May, FIIs made net purchases of ₹11,773.25 crore, and DIIs bought shares worth ₹67,642.34 crore.

Today Is the Last Day to Invest in ErisInfra Solutions IPO

The IPO of ErisInfra Solutions Ltd opened on 18 June. Investors can place bids till today, 20 June. The company’s shares will be listed on the BSE and NSE on 25 June.

Through this issue, the company aims to raise ₹499.60 crore. It will issue 2.25 crore fresh shares. Existing investors or promoters are not selling any shares through Offer for Sale (OFS) in this issue.