Stock Market Live Updates: Indian equity benchmarks saw gap-up opening on Monday on the back of rising optimism of a US-Iran deal. At the open, Sensex was up over 800 points while Nifty shot up over 200 points. Brent crude is now trading below $100 a barrel -- for the first time this month.
LIVE Updates of Stock Market, Sensex Today, Nifty, Share Market:-
Expert View By Harish Vatnani
Harish Vatnani, Head of Trade, ZebPay
After tumbling nearly 4% late Friday amid heightened geopolitical tensions and heavy liquidations across the crypto market, Bitcoin (BTC) staged a sharp rebound over the weekend after President Trump signaled that a peace agreement involving Iran and several Middle Eastern nations was nearing completion. The easing of tensions lifted global risk sentiment, helping BTC recover above $77K after briefly slipping toward the $74K zone. Traditional markets also reacted positively, with U.S. equity futures turning green and risk assets seeing renewed buying interest. Meanwhile, oil prices retreated as fears of supply disruption in the Middle East eased, reducing pressure on inflation-sensitive markets and further supporting the recovery across crypto and tech stocks.
At the time of writing, BTC was trading at $77,153.
BTC witnessed a decent rally from $65,000 to $82,850 surging almost by 27%. On a weekly time frame, the asset was trading in an uptrend by making a 'Higher High Higher Low' pattern. However, the bulls failed to manage the grip on the asset as it saw some profit booking at higher levels and the price corrected to $74,289. The longer shadow around the $74k indicates buying at these levels. BTC has a strong support zone from $75,000 to $73,000. If it bounces and sustains above the support levels then we can expect the bulls to resume the up move whereas if it breaks the support then the price may further fall and test the $65k levels.
Share Market Today: WazirX Market's Desk
"Bitcoin trades near $77,004, with daily technicals broadly neutral despite moving averages flagging short-term resistance. It moved above the $75,000 level as improving macro sentiment and easing geopolitical concerns supported broader risk appetite across financial markets.
Ethereum is trading near $2,096, with short-term technical indicators showing some pressure. However, stabilizing momentum and continued developments around scaling upgrades, ETF-related interest, and stablecoin adoption keep the focus on Ethereum's broader ecosystem growth.
On the policy front, the proposed CLARITY Act remained in focus as discussions around clearer regulations for digital assets and on-chain financial services continued.
Meanwhile, activity in AI-focused crypto projects remained strong, with growing market attention on ecosystems such as NEAR and Bittensor amid continued development of blockchain-based AI infrastructure."
Stock Market News: Market Outlook Today
- Global markets strong as US-Iran peace talks improve sentiment.
- Brent Crude falls below $100/bbl - positive for Indian markets.
- Gift Nifty up nearly 1%, indicating a strong opening.
- RBI announces record Rs 2.87 lakh crore dividend to Government.
Stocks in Focus:
TTK Prestige, SKM Egg, Hindalco, NTPC Green, Sun Pharma, Divi's Lab, Torrent Pharma, Minda Corp, JK Cement.
Positive for OMC Stocks:
HPCL, BPCL & IOC may benefit from fuel price hike and falling crude prices.
Fuel Gets Costlier By Over Rs 2, Petrol Crosses Rs 100 In Delhi
On Monday, petrol prices were increased by Rs 2.61. Diesel prices were hiked by Rs 2.71. With this, petrol will now cost Rs 102.12 per litre in Delhi. Read full report here
Stock Market Live: Check BSE Sensex Total Market Cap
At the close on Friday (May 22), the total market cap of all BSE Sensex companies stood at Rs 4,63,20,108.
