Business

Stock Market Live: Monday, May 6, saw a sharp increase in Indian benchmark indexes as a result of encouraging signals from Wall Street following better-than-expected jobless figures. Nifty edged up 85.80 points, or 0.38 percent, to 22,651.60, while the BSE Sensex opened 340.91, or 0.46 percent, higher at 74,219.10. OCBC analysts stated in a note that the weaker-than-expected US job statistics was the main reason for the turnaround in global risk sentiment, which was cited by Reuters. PSU Bank, metal, energy, media, and auto are trading in red among the sectoral indices, but pharmaceutical, FMCG, IT, real estate, and healthcare are all still in the green. The weekend publishing of the earnings report has also caused a reaction in the market. The best-performing Nifty gainer is Britannia, while Titan's shares dropped the most following the Q4 results. In the early trading hours, PSU