By Admin 
- The Indian market gained momentum due to the news of ceasefire between America and Iran.
- There was a decline in crude oil prices and strength in global markets.
- American markets reached new highs, Nikkei, Kospi and Hang Seng also rose.
- Investors got relief from softening of crude oil prices.
Share Market Today on May 29: Today, on Friday, May 29, the Indian stock market started with gains. There has been a rise in the global market due to the news of ceasefire between America and Iran, the effect of which was also seen on the Indian stock market. On one hand, Sensex rose by 207 points to reach the level of 76075. At the same time, Nifty was also seen rising by 35 points and trading at the level of 23942.
Due to market boom
Decline in crude oil- Today, the prices of Brent crude oil have come down to the level of $ 91.74 per barrel amid expectations of reducing tension between America and Iran. This has brought great relief to investors.
Boom in global market- Yesterday, record gains were seen in the American markets (S&P 500 and Nasdaq), due to which the Asian markets also gained strength.
Asian market
Asia-Pacific markets opened with gains on Friday. On one hand, investors were keeping an eye on new military activities related to Iran, while on the other hand, their attention was also on the ongoing peace talks between America and Iran. Japan’s Nikkei 225 index rose 0.88%, while Topix gained 0.53%.
Similarly, South Korea’s Kospi index jumped 2.68%, while the small-cap Kosdaq saw a rise of 0.25%. Hong Kong’s Hang Seng Index futures were seen trading at 24,995, slightly below the previous closing level of 25006.16.
US market
On Thursday, the American stock market reached a record high level. The reason behind this is the rise in tech stocks as well as the alleged agreement between America and Iran to extend the ceasefire. The S&P 500 index rose 0.58% to 7563.63, while the Nasdaq Composite rose 0.91% to 26,917.47. The Dow Jones Industrial Average rose 0.05% to 50,668.97.
crude oil prices
West Texas Intermediate (WTI) crude futures fell by about 0.71% to $ 88.27 per barrel. On the other hand, Brent crude futures were trading 0.62% lower at $93.71 this morning. Crude oil prices on COMEX have fallen 0.73% to $ 88.25 per barrel.
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