Stock market today: Sensex, Nifty 50 rise for third consecutive day.Investor says that in one day he earns nearly 5 billion rupees

Stock market today: Indian stock market benchmarks Sensex and Nifty 50 ended in positive territory for the third straight session on Tuesday, May 14, amid mixed global indicators.

After falling nearly 2% last week, market benchmarks rebounded this week on some comfort on the valuation front. The medium- to long-term outlook for the Indian stock market remains positive due to India’s positive economic growth prospects.

World markets were mixed in the face of US inflation trends. U.S. producer price index statistics for April will be released later today, but the main focus will be on the U.S. consumer price index for April, which will be released on Wednesday. The market expects the US CPI to rise 3.4% in April from a year-on-year increase of 3.5% in March.

Clear signs of easing inflation will strengthen expectations that the US Federal Reserve will cut interest rates in the second half of this year.

Meanwhile, India’s CPI inflation rate in April fell to 4.83% in April from 4.85% in March, the lowest in 11 months, data on Monday showed.

Also read: April CPI inflation hits 11-month low; Is RBI likely to cut interest rates in the near future?Experts give their opinions

Nifty 50 opened at 22,112.90 against the previous close of 22,104.05 and intraday high and low were 22,270.05 and 22,081.25 respectively. The index closed at 22,217.85, up 114 points (0.51%), with 36 stocks in the green.

Meanwhile, the 30-share pack Sensex opened at 72,696.72 against the previous close of 72,776.1, with intraday high and low readings of 73,286.26 and 72,683.99, respectively. The index rose 328 points (0.45%) to settle at 73,104.61, with 20 stocks in the green.

The mid-cap and small-cap segments witnessed significant gains and outperformed the benchmark. BSE Midcap index ended 1.14% higher, while Smallcap index rose 1.79%.

The overall market capitalization of companies listed on BSE is approximately INRalmost $420 million INR397.4 million in the previous transaction, giving investors approximately $397.4 million in funding. INR4.6 billion in one session.

Over 150 stocks including Vedanta, Mahindra & Mahindra, Hero MotoCorp, Eicher Motors, Ashok Leyland, Siemens, Marico, Havells and Hindustan Aeronautics hit 52-week high in intraday trade on BSE has been updated.

(More will be added in the future)