Stock Market Live Updates 14 May 2024: Sensex, Nifty open higher; Shriram Finance jumps over 4%

Sensex, Nifty, Share Prices LIVE: Indian benchmark indices, Sensex and Nifty, opened higher on Tuesday, rebounding from the previous week’s volatility. The focus shifted to Shriram Finance’s announcement to sell its housing finance business. In early trade, the 30-share BSE Sensex climbed 204.89 points to 72,981.02, while the NSE Nifty gained 73.10 points to 22,177.15. Monday witnessed a lower opening that reversed into positive territory, supported by pharma stocks and HDFC Bank gains. Analysts, including Ajit Mishra of Religare Broking, anticipate further upward movement but note challenges in breaking the 22,300-22,400 range. Foreign selling continued, and uncertainty around the Indian election outcome kept investors cautious, with election results due on June 4. Globally, Asian markets remained strong, and Wall Street closed mixed. Investors are now awaiting U.S. inflation data for further rate-cut clues. Shriram Finance’s decision to sell its housing finance business to Warburg Pincus for $554.6 million remains a key focus.