New Delhi4 minutes ago
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Today i.e. on Monday, May 25, the Sensex is trading at 76,300 with a rise of 900 points (1.20%). Nifty has also increased by 250 points (1.10%), it has reached the level of 24,000. In today’s trade, there is maximum buying in Nifty Realty, while there is least gain in Nifty IT.
Out of 30 Sensex stocks, 28 are rising and 2 are declining.
Asian market also booming
| index | level | point change | percent change |
| Kospi (South Korea) | 7848 | 32 | 0.41% |
| Nikkei (Japan) | 65226 | 1887 | 2.98% |
| Hang Seng (Hong Kong) | 25606 | 220 | 0.86% |
American market remained bullish on May 22
| index | level | point change | percent change |
| dow jones | 50580 | 294 | 0.58% |
| nasdaq | 26344 | 51 | 0.19% |
| S&P 500 | 7473 | 28 | 0.37% |
Reason for market rise: Peace agreement between Iran and America
US President Donald Trump recently claimed that the agreement to end the Iran war is ‘almost final’. The final details are still being worked out between the two countries. This agreement is being finalized after talks with the leaders of Gulf countries and the Israeli Prime Minister.
Trump said that the Strait of Hormuz would be reopened under the agreement. This is the same sea route through which about one-fifth of the world’s total oil supply passes. After this news, crude oil may become cheaper on Monday and the market may rise.
Support and resistance
Support Zone: 23,466 | 23,345 | 23,320 | 22,858 | 22,798 | 22,558
Support means, the level where the stock or index gets support from falling down. The price does not go down easily due to increase in purchasing here. There may be a buying opportunity here.
Resistance Zone: 23,783 | 23,812 | 23,872 | 23,935 | 24,140 | 24,382
Resistance means the level where there is a hindrance in the stock or index going up. This happens due to increase in sales. There is hope for an uptrend after crossing the resistance zone.
Note: Support and resistance levels are as per the report of Wealth View Analytics.
Sensex closed 232 points higher on Friday
There was a rise in the stock market on 22 May. The Sensex closed at 75,415 with a gain of 232 points (0.31%). Nifty also gained 65 points (0.27%) and reached 23,719. There was buying in bank and metal shares in the business.
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