Due to the influence of international stock markets, trading in the Indian stock markets is booming today.
At the opening of today’s (August 25) trading hours, the Mumbai stock market index Sensex rose 252 points to 59,338 points, while the national stock market index Nifty rose 70 points to 17,674 points. Bharti Airtel, Tata Steel, Tata Motors, and Titan gained. Apollo Hospitals, Cipla, Maruti Suzuki, and Nestlé declined.
As of 12 noon, the Sensex is trading up 274 points and the Nifty up 81 points.
Due to international instability, crude oil prices have increased after OPEC decided to cut crude oil supply. It was up 51 cents at $101.73 a barrel in early trading today.
The US Federal Reserve is meeting tomorrow. Depending on its interest rate-related decisions, the trend of international stock markets is said to be the next week.