Sensex, Nifty rally from day low, Nifty Consumer Durables was the top sectoral gainer, alongside Nifty IT and Nifty Realty.
Indian markets closed higher on May 16, with the Sensex 676 points higher and the Nifty above 22,400. Broader markets also saw 1% rise in midcap and smallcap.
Sectors and stocks
Indian markets rose 1.7% due to global equities’ rise on US inflation data and expectations of Federal Reserve rate cuts. Sectoral gainers included Nifty Consumer Durables, IT, Realty, FMCG, Bank, and Auto.
May 17 Forecast
Key indices saw significant gains in a volatile trading session, with new stocks adding to the MSCI index expected to boost fresh FPI flows. Talks of a majority BJP government imply continuity in policy reforms.
The market experienced volatility but gained nearly 1% during trading hours, continuing its recovery trend. Key sectors like IT and realty experienced gains, while broader indices also saw a nearly 1% increase.
| FII Sold | -776.49 Cr |
| DII Bought | 2,127.81Â Cr |
Indian Market Stocks
| Sensex | 676.69 | +0.93% | 73,663.72 |
| Nifty 50 | 203.30 | +0.92% | 22,403.85 |
| Nifty Bank | 289.60 | +0.61% | 47,977.05 |
Market Movers
| M&M | 69.45 3.02% | Maruti Suzuki | -269.65 -2.11% |
| TATA Cons. Prod | 30.85 2.89% | Tata Motors | -10.90 -1.15% |
| Bharti Airtel | 35.20 2.69% | SBI | -8.35 -1.02% |
| LTIMindtree | 121.90 2.62% | BPCL | -6.30 -1.01% |
| Tech Mahindra | 33.45 2.62% | Power Grid Corp | -2.35 -0.75% |
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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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