sensex today: Stock Market Live Updates: Auto stocks lead rally as Sensex tops 52K. Nifty50 reclaims 15,600. PNB surges 20%, Rupa 17% – The Economic Times

OPENING BELL: Sensex tops 52K, up 70 points, Nifty50 reclaims 15,600; PNB surges 20%, Rupa 17%

Escorts May sales at 6,423 units, down 2.6% YoY (Agencies)

Company expects return to normalcy soon; sees rural sentiment to be strong in medium term.

Pre-open session: Sensex rises 150 points, Nifty50 above 15,600

ETMarkets Morning Podcast: Crypto traders see hope in HDFC Bank report

Tune in as we tell you what’s happening in the market, what’s making news this morning, and look at some of the buzzing stocks.

Next big move in India yields will be higher, bond veteran says

Signs of quicker inflation and concern the Reserve Bank of India will pull back on policy support should eventually put yields on a rising path, said Radhavi Deshpande, chief investment officer at Kotak Mahindra Life Insurance.

SGX Nifty signals positive start

Nifty futures on Singapore Exchange traded 60 points, or 0.39 per cent, higher at 15,640 in signs that Dalal Street was headed for a positive on Tuesday.

Tech View: Nifty50 sets sights on 15,700 level

Nifty50 on Monday scaled a new closing high of 15,582 and formed a bullish candle on the daily chart. Monday’s candle was made after back-to-back indecisive candles seen in the last couple of sessions, and this instilled confidence among traders. Analysts said there is a good possibility of Nifty50 reclaiming the 15,700 level in the coming days, as long as it stays above crucial support at 15,370.

Brent rises to near $70 on demand prospects

Oil prices rose on Tuesday ahead of an OPEC+ meeting and on optimism that fuel demand will grow in the months ahead with the summer driving season starting in the United States, the world’s top oil consumer. Brent crude futures for August gained 56 cents, or 0.8%, to $69.88 a barrel. US WTI crude for July was at $67.33 a barrel, up $1.01, or 1.5 per cent from Friday’s close, with no settlement price for Monday due to a US public holiday.

Hong Kong stocks flat, China stocks edge lower

Hong Kong stocks were barely moved in the first few minutes of trade Tuesday, with investors biding their time as they await the release of US jobs reports later in the week. The Hang Seng Index inched up 7.26 points to 29,159.06. The benchmark Shanghai Composite Index dipped 0.19 per cent, or 6.88 points, to 3,608.60, while the Shenzhen Composite Index on China’s second exchange eased 0.14 per cent, or 3.31 points, to 2,416.44.

Japan stocks open higher in cautious trade

Tokyo stocks opened higher on Tuesday in cautious trade, with a dearth of strong market-moving events after the US market was closed for a holiday. The benchmark Nikkei 225 index was up 0.71 percent or 204.17 points at 29,064.25 in early trade, while the broader Topix index gained 0.52 percent or 9.92 points to 1,932.90.

US stocks settled higher on Friday

US stocks were closed on Monday on account of public holiday. Stocks held on to modest gains on Wall Street Friday, ending the week higher for the first time in three weeks. On Friday, the S&P500 index rose 3.23 points, or 0.1 per cent, to 4,204.11. The Dow Jones Industrial Average rose 64.81 points, or 0.2 per cent, to 34,529.45. The Nasdaq rose 12.46 points, or 0.1 per cent, to 13,748.74.

Rupee logs 1st fall in four days, slips 17 paise against dollar

Halting its three-day winning run, the rupee on Monday tumbled by 17 paise to close at 72.62 against the American currency as stronger US dollar against key rivals and surging crude oil prices weighed on sentiment. At the interbank foreign exchange market, the domestic currency opened at 72.38 a dollar and hit an intra-day high of 72.34 and a low of 72.65 during the day. Paring all its intra-day gains, the rupee closed at 72.62, registering a decline of 17 paise.

Sensex, Nifty on Monday

Rising for the fourth day, the 30-share BSE Sensex ended 514.56 points or 1.00 per cent higher at 51,937.44 — around 200 points shy of its closing record hit on February 15 this year. The broader NSE Nifty surged 147.15 points or 0.95 per cent to 15,582.80, closing at a record high for the third consecutive session.

Good morning, dear reader! Here’s something to kickstart your trading day