Share Market Today on May 7: The Indian stock market is still witnessing a boom. In early trading, BSE’s 30-share sensitive index Sensex opened 380 points higher at 78339. At the same time, NSE’s 50-share benchmark index Nifty started trading at the level of 24398 with a rise of 67 points. There is expected to be a stir in the stock market today because big companies like Dabur, Biocon, Pidilite and Bharat Forge will announce their results. Because of this, shares of these companies may remain in focus today.

Asian market

Today, on May 7, amazing growth is being seen in the Asian markets. There is enthusiasm among investors due to expectations of a peace agreement between America and Iran and falling crude oil prices. For the first time in the Japanese stock market, Nikkei 225 index jumped by more than 4 percent and crossed the level of 62000. Hang Seng is also showing a strength of between 1.2-1.3 percent. Kospi of South Korea also gained 1.17 percent. However, the small-cap Kosdaq index saw a decline of 0.4 percent.

American stock market

American stock markets also closed sharply on the night of Wednesday, May 6 amid expectations of a peace agreement between the US and Iran and falling prices of crude oil. During this period, S&P 500 jumped 1.46 percent to reach 7365.12.

At the same time, Nasdaq Composite also gained 2.02 percent and closed at 25838.94. Both the indexes managed to reach their new high levels and closed at record levels. The Dow Jones Industrial Average closed at 49910.59, up 612.34 points or 1.24 percent.

crude oil

After yesterday’s fall, today West Texas Intermediate (WTI) crude futures are trading 1.24 percent higher at $ 96.23 per barrel. Similarly, Brent crude futures were seen trading at $ 102.11 this morning with a rise of 0.92 percent. Crude oil prices on COMEX increased by 1.24 percent to $ 96.26 per barrel.

us dollar

The US Dollar Index (DXY), which measures the value of the dollar against a basket of six foreign currencies, rose 0.01 percent to 98.05 today. This index assesses the strength or weakness of the US dollar against the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc. On May 06, the rupee strengthened by 0.71 percent and closed at 94.61 against the dollar.

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