By Admin 
Share Market Today on April 29: Today the opening of the Indian stock market exceeded expectations. In early trading, both Sensex and Nifty were seen trading in the green.
BSE’s 30-share sensitive index Sensex opened with a gain of 358 points at 77245, while NSE’s Nifty opened with a gain of 101 points at 24096. Shares of Adani Ports, L&T and Maruti Suzuki saw a rise of more than 1 percent in early trade.
UAE left OPEC
UAE has decided to withdraw from OPEC and OPEC+, which has dealt a big blow to oil exporting countries. This step has been taken at a time when energy supply is already disrupted due to the war in Iran and there is turmoil in the global economy.
The separation of UAE, a long-time member of OPEC, could lead to chaos and weaken the strength of the group. The group has generally aimed to present a united stance despite internal differences on various issues such as geopolitics and production quotas.
Asian market
Trading in Asian markets started on a cautious note on Wednesday morning as investors assessed the latest developments related to OPEC as well as a report on OpenAI’s weakness. Due to this, South Korea’s Kospi fell by 0.39%, while the small-cap Kosdaq remained flat. However, Hong Kong’s Hang Seng futures stood at 25,762, which is a slight increase from the previous closing of 25,679.78. At the same time, Japanese markets are closed due to holidays.
US market
American markets closed with a decline on Tuesday. The broad market index fell 0.49% to 7,138.80, while the tech-heavy Nasdaq Composite fell 0.9% to 24,663.80. The Dow Jones Industrial Average fell 25.86 points, or 0.05%, to 49,141.93.
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