Sensex close flat, The top Nifty losers were Nestle, Hero MotoCorp, ICICI Bank, TCS, and Maruti Suzuki, while gainers included Hindalco Industries, Coal India, JSW Steel, Tata Steel, and Adani Ports.
Indian markets ended volatile on May 21, with the Nifty holding above 22,500, with Sensex down 52.63 points and Nifty up 27 points.
Indian indices opened lower, with Nifty dropping below 22,500. However, recovered in second half due to buying in metal, power, oil & gas, and PSU Banks. Top losers included Nestle, Hero MotoCorp, ICICI Bank.
Sectors and stocks
The metal index rose 4%, power index 2%, PSU Bank index 1.5%, and FMCG 0.5%. BSE midcap index 0.3%, smallcap 0.2%. Nearly 200 stocks reached 52-week highs.
May 22 Forecast
Indian equities started the week tepid, but a rally in Energy and Metal counters helped recover losses and compound gains. PSU Banking segment outperformed, while FMCG was a major laggard. Broader markets saw mixed activity, with midcaps marginally outperforming and smallcaps in red. A bullish candle indicates buyers at lower levels.
The Nifty experienced a volatile trading day, initially negative but recovering and closing the day in the green. It reached the 22570 – 22600 zone, where resistance is a 78.6% Fibonacci retracement level. The hourly momentum indicator triggered a negative crossover, indicating a consolidation. Long positions should keep a stoploss of 22400. The Bank Nifty consolidated and closed negative, with a short-term rally towards 48320 – 48700. No signs of trend reversal.
| FII Sold | -1,874.54 Cr |
| DII Bought | 3,548.97Â Cr |
Indian Market Stocks
| Sensex | -52.63 | -0.07% | 73,953.31 |
| Nifty 50 | 27.05 | +0.12% | 22,529.05 |
| Nifty Bank | -151.30 | -0.31% | 48,048.20 |
Market Movers
| Hindalco | 33.45 5.07% | Nestle | -43.60 -1.74% |
| Coal India | 21.15 4.50% | Hero Motocorp | -56.00 -1.10% |
| Tata Steel | 6.80 4.05% | Maruti Suzuki | -126.85 -1.01% |
| JSW Steel | 35.20 3.95% | ICICI Bank | -9.80 -0.87% |
| Adani Ports | 45.80 3.42% | TCS | -31.25 -0.81% |
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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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