Sensex, Nifty Extend Gains, Nifty Metal saw 1.5% gains, followed by FMCG, Auto, and Pharma at 1% each. Nifty IT saw losses at 0.8%, with Nifty Realty and Nifty PSU Bank following at 0.4% and 0.3% respectively.
Sectors and stocks
Sensex surged over 260 points, while Nifty ended above 22000 mark, with Nifty Metal leading gains, followed by FMCG, Auto, Pharma, and Nifty IT.
Global equity markets surge amid Fed rate cuts, driven by US jobless claims surge, reaching nine-month high. Analysts predict Fed may cut rates this year pending inflation easing.
May 13 Forecast
Indian markets remain positive, but a sell-on rally is emerging due to domestic premium valuation, election jitters, weak financials, and inflation concerns. FIIs remain sellers, and US tariff actions on Chinese EV companies will attract market attention.
Key benchmark indices ended positive due to strong overseas market cues, but investor sentiment remains cautious with intra-day volatility, and potential election news could trigger a massive sell-off.
The markets rebounded after a sharp decline, closing with modest gains. Metal, energy, and FMCG sectors were top performers, while IT and realty sectors saw declines. Broader indices also saw modest gains. It’s advised not to overestimate a single day’s pause until the Nifty surpasses 22,400.
| FII Bought | -2,117.50 Cr |
| DII Bought | 2,709.81Â Cr |
Indian Market Stocks
| Sensex | 260.30 | +0.36% | 72,664.47 |
| Nifty 50 | 97.70 | +0.44% | 22,055.20 |
| Nifty Bank | -66.80 | -0.14% | 47,421.10 |
Market Movers
| BPCL | 26.50 4.48 | TCS | -66.30 -1.67% |
| NTPC | 9.45 2.73% | Cipla | -19.25 -1.42% |
| Power Grid Corp | 7.60 2.57% | LTIMindtree | -50.35 -1.08% |
| Hero Motocorp | 112.50 2.36% | Infosys | -14.65 -1.02% |
| JSW Steel | 19.05 2.28% | Kotak Mahindra | -15.15 -0.92% |
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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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