Sensex rose by 0.34 percent to 73916 points, Nifty by 0.27 percent to 22464 points, BSE MidCap by 1.2%, and SmallCap by 1.4%.
Indian markets experienced a second consecutive session of growth, with the Nifty closing above 22450 and border markets also gaining. BSE MidCap reached a record high.
Sectors and stocks
Sectoral indices showed a 2.8% increase in Nifty Consumer Durables, followed by Nifty Realty, Metal, and Auto. However, the Nifty IT index dropped 0.9%. Global markets ended lower as Fed officials suggested keeping borrowing costs high until inflation eases.
May 18 Forecast
Despite negative market sentiment, key benchmark indices saw gains as investors focused on domestic fundamentals and bought shares in metal, oil & gas, auto, and realty. Volatility may increase, but selective buying in frontline, mid, and small-cap stocks will persist.
Indian market recovers amid mixed global signals, driven by broader market performance and positive Q4 earnings, with midcap and small-cap stocks showing buying interest during dips.
The market continued Thursday’s gains, with the Nifty recovering after an initial dip. Sector performance was mixed, with real estate, auto, and metal sectors leading gains. Broader indices outperformed, with positive global cues and rotational participation helping the index climb.
The Bank Nifty index reached 48,000 but failed to surpass the 20DMA at 48,200. A break above 48,200 could lead to further upside towards 49,000, with short covering likely.
| FII Sold | 1,616.79 Cr |
| DII Bought | 1,556.25Â Cr |
Indian Market Stocks
| Sensex | 253.31 | +0.34% | 73,917.03 |
| Nifty 50 | 62.25 | +0.28% | 22,466.10 |
| Nifty Bank | 138.60 | +0.29% | 48,115.65 |
Market Movers
| M&M | 142.85 6.02% | TCS | -66.85 -1.71% |
| JSW Steel | 21.05 2.37% | Cipla | -22.05 -1.55% |
| Grasim | 51.05 2.15% | SBI Life Insura | -18.00 -1.24% |
| UltraTechCement | 181.25 1.87% | HCL Tech | -14.95 -1.11% |
| BPCL | 9.55 1.54% | Bajaj Auto | -91.15 -1.03% |
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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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