Sensex rise, Realty and FMCG increased by one percent each, while capital goods, IT, and Media increased by 0.5 percent each. Bank index fell by 0.5 percent and meal index decreased by 0.4 percent.
Indian benchmark indices ended positively on May 22, with the Nifty reclaiming 22,600, despite volatility. Sensex and Nifty rose by 0.366% and 0.31%) respectively.
Major gainers on the Nifty included Cipla, HUL, Tata Consumer Products, Coal India, and Britannia Industries, while losers included SBI, Hindalco Industries, Shriram Finance, Hero MotoCorp, and Apollo Hospitals.
Sectors and stocks
Sectoral trends show realty and FMCG gains, capital goods, IT, and media up, while bank and meal indexes decline. BSE midcap index remains flat, while smallcap index rises 0.2%.
Stocks like Hindustan Copper, Birlasoft, and SAIL experienced a volume spike of over 1100 percent, while Bharat Electronics, Oberoi Realty, and Cipla experienced long and short builds. Nearly 250 stocks reached 52-week highs.
May 23 Forecast
The Index rose to 22,597.80 after a surge in heavyweight counters, with FMCG leading the day. Sectors like Realty and Energy saw profit bookings. Midcaps underperformed, while Smallcaps ended in red. The Index’s immediate hurdle is 22,780, with support at 22,470.
The Nifty index experienced modest gains after a volatile session, with FMCG and realty showing decent gains, while metal and banking lagged. Key sectors are contributing to the index’s recovery, but the banking sector’s underperformance limits momentum.
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.
| FII Sold | -686.04 Cr |
| DII Bought | 961.91 Cr |
Indian Market Stocks
| Sensex | 267.75 | +0.36% | 74,221.06 |
| Nifty 50 | 68.75 | +0.31% | 22,597.80 |
| Nifty Bank | -266.25 | -0.55% | 47,781.95 |
Market Movers
| Cipla | 40.00 2.77% | Shriram Finance | -36.50 -1.54% |
| HUL | 56.20 2.43% | SBI | -11.90 -1.43% |
| TATA Cons. Prod | 26.40 2.41% | Apollo Hospital | -80.10 -1.35% |
| Coal India | 11.05 2.25% | Hindalco | -9.05 -1.30% |
| Britannia | 89.30 1.72% | Hero Motocorp | -57.90 -1.15% |
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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.
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