Sensex, Nifty Extend Gains, Top sectoral gainers include Nifty Pharma, Nifty Metal, Realty, Nifty Bank, and Nifty IT, while Nifty Auto, Nifty PSU Bank, and Oil & Gas are down.
Sensex and Nifty 50 recover from May 13 lows, closing in green after nearly 1% intraday drop. Sensex reached 72776 points, up 0.15 percent, and Nifty 22104 points.
Sectors and stocks
Top sectoral gainers include Nifty Pharma, Nifty Metal, Realty, Nifty Bank, and Nifty IT, while Nifty Auto, Nifty PSU Bank, and Oil & Gas are down.
Investors await US inflation data and Federal Reserve speeches this week, with one-year inflation expectations, PPI data, and CPI data being critical tests for bond rally.
May 14 Forecast
Markets experienced volatility, gyrating nearly 1000 points before modest gains in banking, IT, capital goods, and realty shares. Local investors were cautious due to strong FII selling and inflation announcement.
The week began with market volatility, but eventually saw marginal gains, particularly among key heavyweights. Sectors saw mixed results, with pharma, metal, and realty sectors seeing gains, while auto and energy sectors saw declines. The Nifty found support at 21,800, and stability in banking majors and IT and energy sectors may lead to further upward movement.
Investors are concerned about the general election and high valuation, with short-term trends weak due to lack of positive triggers and FIIs’ flight. They await inflation data and Fed chair’s speech.
| FII Sold | -4,498.92 Cr |
| DII Bought | 3,562.75 Cr |
Indian Market Stocks
| Sensex | 111.66 | +0.15% | 72,776.13 |
| Nifty 50 | 48.85 | +0.22% | 22,104.05 |
| Nifty Bank | 333.00 | +0.70% | 47,754.10 |
Market Movers
| Cipla | 75.10 5.61% | Tata Motors | -86.90 -8.30% |
| Asian Paints | 108.00 3.90% | BPCL | -11.75 -1.90% |
| Adani Ports | 39.65 3.13% | Shriram Finance | -42.55 -1.82% |
| Divis Labs | 118.00 3.11% | NTPC | -4.60 -1.29% |
| Adani Enterpris | 82.35 2.94% | ONGC | -3.35 -1.24% |
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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.
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