Kolkata: The Indian stock market opened in the red on Thursday, May 22 with Sensex 30 trading at 81,323.05 points, down 273.59 points (or 0.34%) in early trade at 9:15 am, while Nifty 50 stood at 24,732.35 points, down 81.10 points or 0.33%. On Wednesday, May 21, Sensex 30 closed at 81,596.63 points after rising 410.20 points or 0.51%, while Nifty 50 ended the session at 24,813.45 points, up 129.55 points or 0.52%.

According to NSE data, the big gainers in the early trade were GROBTEA, A2ZINFRA, VRLLOG, NTPCGREEN, COSMOFIRST, DCAL, GATDVR-RE, GATECG-RE1, WABAG, NAHARPOLY.

Global cues this morning

Before trading began analysts pointed to GIFT Nifty and predicted that the market would open in the red n Thursday, May 22. At 9 am, GIFT Nifty was down 74 points or 0.30%. Both S&P 500 and Nasdaq ended lower on May 21. While S&P 500 ended 1.61% down, Nasdaq was down1.41%. Among the US indices, only Dow Jones was up 0.07%. AMong te European indices FTS and DAZ were up by0.06% and 0.36% respectively while CAC lost 0.40% during the ay.

Among the Asian markets only Djakarta composite was trading in the green. Nekkei, Hang Seng, Straits Times, KOSPI, Shaghai Composite and Taiwan weighted — all indices were in the red at 9 am on Thursday.

On May 21, Indian Rupee ended almost flat, ending the day down by 1 paisa at 85.59 against the US dollar. There was demand for dollars from importers and the price of crude oil inched up. Forex traders thought rising US Treasury yields and persistent foreign fund outflows brought the rupee under pressure but a weak dollar index cushioned the downside.

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