The National Stock Exchange (NSE) Nifty50 index which opened near 11,748.00 at previous trading session closed on a higher note near 11,844.10, 187.05 points up. The victory of the National Democratic Alliance (NDA) helped the market end at a record high in the week ended on May 24.
During the trading session, the Nifty50 index touched the intraday high of 11,859.00. The market rallied majorly by banking and financials, auto, infra, and energy stocks. As a result, it formed a bullish candle on weekly candlestick charts.
Global Update: The major benchmark indices of Wall Street raise at previous trade due to hopeful comments from US President Donald Trump regarding trade relations with China which boost the investors’ confidence.
Taking cues from a previous trading session and global sentiment, it is expected to see a flat to the positive opening in today’s trading session too.