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LIVE: Oil Below $80 | Accenture Misses Estimates | IT Stocks In Focus | Opening Bell
Global markets rebound sharply as US equities recover from Wednesday's sell-off. The Nasdaq surged nearly 2%, led by chip stocks, while Intel jumped 10% after President Trump announced a partnership with Apple on chip designs. Meanwhile, Accenture's earnings and guidance came in below expectations, putting IT stocks in focus. Oil prices remain below $80 a barrel, US bond yields stay elevated, and the dollar index hits a one-year high. Back home, Indian markets closed higher for the fifth consecutive session, with Nifty ending above 24,150. Will the momentum continue? Catch Surabhi Upadhyay in conversation with market experts as they decode all the key global and domestic market triggers ahead of the opening bell.
Taking Stock: Nifty above 23,600, Sensex gains 1,695 pts on Middle East peace hopes
Among the Nifty constituents, Shriram Finance, L&T, InterGlobe Aviation, Bajaj Finance and Titan Company emerged as the top gainers. On the other hand, Nestle India, ONGC, Tech Mahindra, Tata Consumer and SBI Life Insurance ended as the major laggards.
Taking Stock: Markets snap 2-day fall; Sensex up 395 pts, Nifty above 23,200
Biggest Nifty gainers were Interglobe Aviation, Jio Financial, Eicher Motors, SBI, Apollo Hospitals, while losers included ONGC, Titan Company, NTPC, Power Grid Corp and Tech Mahindra.
Trade Spotlight: How should you trade Dixon Technologies, SBI, Adani Energy Solutions, Infosys, Bank of India, and others on May 26?
Market momentum is expected to remain positive amid hopes of a US-Iran peace deal. Below are some short-term trading ideas to consider.