The stock market got off to a good start as the Sensex surged 212 points.

Stock market: Amid changes in interest rates in the US and UK and strong global signals, the domestic stock market opened well on Wednesday, May 22, 2024. With the opening of the market, the benchmark Sensex index of the Mumbai Stock Exchange (BSE) rose by around 212 points to close at 74165. At the same time, the National Stock Exchange (NSE) Nifty also opened trade at 22,576. Completed at 22529 on Tuesday. In the early trade of the stock market, the Nifty IT, BSE Small Cap and Nifty Midcap 100 indices saw a bullish trend, while the Nifty Bank index opened the trade with weakness. Shares of these companies Among the BSE Sensex-listed companies, shares of Dr. Reddy's, Britannia, Coal India, ONGC, Ultratech Cement, Divis Lab and HCL Tech made a strong start. At the same time, stocks of SBI, Mahindra & Mahindra, Sun Pharma, Hero MotoCorp, Bharti Airtel, Power Grid and Shriram Finance saw declines. Among the companies that gave multipacker returns to equity investors, shares of Engineers India, Bharat Electronics, Wipro, Kotak Mahindra Bank and ICICI Bank were bullish, while HDFC Bank and Ircon International were weak. The market has an eye on US and UK interest rates, the Indian stock market also keeps an eye on US and UK interest rates. Apart from this, the Reserve Bank of India (RBI) seems to be in no mood to cut interest rates after the latest inflation data. Crude oil prices fell for the third consecutive day. As petrol and diesel prices eased in the country, Asian markets were in mixed trade on Wednesday, talking about the rest of the world's stock markets. Japan's Nikkei 225 fell 0.5 percent and South Korea's Kospi fell 0.35 percent. Hong Kong's Hang Seng index was at 19,212, a slightly weaker start than the HSI's 19,220.62. U.S. stock markets ended Tuesday with gains and the S&P 500 and Nasdaq closed at record highs. The Dow Jones industrial average rose 66.22 points, or 0.17 percent, to 39,872.99. Office Space's IPO came in at Rs 364-383.