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HomeLatest NewsIndian NewsMarket Fails to Sustain Record High, Ends Flat Amid Volatility.

Market Fails to Sustain Record High, Ends Flat Amid Volatility.

Market Fails to Sustain Record High, The top gainers on the Nifty were HDFC Bank, L&T, Bharti Airtel, BPCL, and Axis Bank, while the losers were Adani Ports, Tata Consumer, Tech Mahindra, Titan, and M&M.

On May 24, India’s benchmark indices reached record highs, with Nifty surpassing 23,000. However, they failed to hold onto higher levels, ending with little change.

BSE Sensex and Nifty50 indices rose by two percent each, reaching record highs in the early session but experiencing rangebound movement throughout.

HDFC Bank, L&T, Bharti Airtel, BPCL and Axis Bank were among the top gainers on the Nifty, while losers were Adani Ports, Tata Consumer, Tech Mahindra, Titan and M&M.

Sectors and stocks

Oil & gas, capital goods, telecom, and media sectors saw a 0.5-2 percent increase, while FMCG, Healthcare, IT, Metal, and Realty saw a 0.5% decrease. Over 200 stocks reached 52-week highs on the BSE.

May 27 Forecast

Markets ended quietly after Thursday’s surge, with the Nifty reaching a new milestone of 23,000. Sectors like auto, banking, and financial performed well, while FMCG and realty experienced profit-taking. Traders should view dips around 22,750-22,850 in the Nifty as buying opportunities. Focus on stock selection, with a preference for large-cap and large mid-cap stocks.

FII Sold-944.83 Cr
DII Bought2,320.32 Cr
as per lastest session

Indian Market Stocks

Sensex-7.65-0.01%75,410.39
Nifty 50-10.55-0.05%22,957.10
Nifty Bank203.05+0.42%48,971.65
as per closing Bell

Market Movers

HDFC Bank24.60 1.65%Adani Ports-27.25 -1.89%
Larsen39.70 1.11%TATA Cons. Prod-19.25 -1.72%
Bharti Airtel14.45 1.05%Tech Mahindra-15.75 -1.18%
BPCL6.65 1.03%ITC-5.15 -1.17%
Axis Bank8.75 0.75%TCS-45.65 -1.17%
as per closing Bell

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The Nifty is trending bullishly, with support at 22500 and a strong upward trend. Short-term targets include 22800 and 22600, with potential dips to 22500.

Sensex Sensex Sensex

Sensex After four weeks of increases, Sensex and Nifty fell 2% for the first time After four weeks of increases, Sensex and Nifty fell 2% for the first time

The Nifty has experienced a decline, closing the day around 160 points lower. The daily charts show no follow-through buying interest after a breakout, and selling pressure at higher levels could lead to a slipping back into the consolidation zone. The Bollinger bands are contracting, indicating a range contraction. The Bank Nifty has not maintained positive momentum, and it could slip towards the 46900-46800 range. The overall trend is bullish, with an intermediate corrective phase in progress. Short-term weakness could lead to a decline towards the 22200-22250 range.

The Nifty has experienced a decline, closing the day around 160 points lower. The daily charts show no follow-through buying interest after a breakout, and selling pressure at higher levels could lead to a slipping back into the consolidation zone. The Bollinger bands are contracting, indicating a range contraction. The Bank Nifty has not maintained positive momentum, and it could slip towards the 46900-46800 range. The overall trend is bullish, with an intermediate corrective phase in progress. Short-term weakness could lead to a decline towards the 22200-22250 range.

Red Alert Red Alert Red Alert Red Alert Red Alert Red Alert Red Alert Red Alert

Record High Record High Record High Record High Record High Record HighrRRecord HighRecord Highecord Highockets

Market Rally Halts Market Rally Halts Market Rally Halts Market Rally Halts

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