Share Market Live Updates June 18:Today stock market is expected to start well. Sensex and Nifty 50 may open higher on Tuesday. As Asian markets rallied today, Tuesday, while the US stock market posted a record high on Monday due to a surge in tech stocks on the back of artificial intelligence (AI) promotion. On the other hand, GIFT Nifty was trading at a premium of around 130 points to 23,590 from Friday’s close, signaling a strong start for Indian stock market indices.
Let us tell you that the benchmark indices of the Indian stock markets saw a jump on Friday, with the Nifty 50 hitting a record high during the session. The Sensex rose 181.87 points, or 0.24 percent, to close at 76,992.77, while the Nifty 50 rose 66.70 points, or 0.29 percent, to 23,465.60. Indian stock markets were closed on Monday, June 17, on the occasion of Eid-ul-Azha 2024.
Asian market conditions
Japan’s Nikkei 225 rose 0.84 percent, while the Topix gained 0.64 percent. South Korea’s Kospi rose 0.9 percent. Hong Kong Hang Seng index futures are off to a good start.
The state of Wall Street
U.S. stocks rallied on Monday, with the S&P 500 and Nasdaq closing at record highs as tech stocks rallied amid enthusiasm about artificial intelligence. The Dow Jones Industrial Average rose 188.94 points, or 0.49 percent, to 38,778.10, while the S&P 500 rose 41.63 points, or 0.77 percent, to 5,473.23. The Nasdaq Composite rose 168.14 points, or 0.95 percent, to close at 17,857.02.