F&O expiry: Sensex up 503 pts to end atop 54K; Nifty drops 6% in May series
CLOSING BELL: The S&P BSE Sensex traded in a broad range of 921 points on Thursday as it hit a high and low of 54,346 and 53,425, respectively
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CLOSING BELL
Stock market highlights: Domestic indices danced to the tunes of global sentiment, rising and falling in tandem with US futures all through the day. The S&P BSE Sensex traded in a broad range of 921 points as it hit a high and low of 54,346 and 53,425, respectively. By close, the index stood at 54,252.5, up 503 points or 0.9 per cent against its previous close.
Stock market highlights: Domestic indices danced to the tunes of global sentiment, rising and falling in tandem with US futures all through the day. The S&P BSE Sensex traded in a broad range of 921 points as it hit a high and low of 54,346 and 53,425, respectively. By close, the index stood at 54,252.5, up 503 points or 0.9 per cent against its previous close.
The Nifty50 index, meanwhile, advanced 144 points or 0.9 per cent to close at 16,170. It gyrated within a range of 16,203 and 15,903 levels. The broader BSE MidCap and SmallCap indices outrun the benchmarks today as they rose up to 1.4 per cent.
Tata Steel and JSW Steel were the top large-cap frontrunners today, rallying 7 per cent and 5 per cent, respectively, after two straight days of bear hammering. Apollo Hospitals, SBI, Hindalco, Axis Bank, HDFC Bank, and HDFC were the other gainers on the Nifty50 index, rising over 2 per cent each.
Within the broader market space, Torrent Pharma, M&M Financial Services, Adani Power, ITI, Uttam Sugar, and AIA Engineering stole the show.
Sectorally, the Nifty PSU Bank and Metal indices dazzled with 3 per cent and 2.67 per cent surge, respectively. On the downside, only the Nifty FMCG index was in the red, down 0.2 per cent.
4:08 PM
Technical View: Rupak De, Senior Technical Analyst at LKP Securities
Nifty ended higher on the back of recovery during the second half of the trading session. On the daily chart, Nifty has formed a hammer kind of pattern. Over the near term, the trend may remain positive as long as it stays above 16000 on a closing basis. On the higher end, resistance is visible at 16400.
4:05 PM
Market view: Vinod Nair, Head of Research at Geojit Financial Services
After the heavy sell-off market showed signs of exhaustion and could bounce for the short to medium-term. Technically, the broad market is in the oversold territory and fundamentally valuations are just below the three-year average. A key reason for the current correction is selling by FIIs and a reduction in domestic buying. A drop in FIIs selling will be an important reason for the bounce. For this, the actions to be undertaken by FED and RBI in June will be an important factor. Moreover, we should note that the fiscal measure announced by the Indian government to control inflation is positive for the domestic market.
4:00 PM
CURRENCY CHECK: Rupee closes 2 paise lower against US dollar
3:54 PM
Closing bell: Over 1,700 stocks advanced whereas 1,551 declined
3:49 PM
Closing bell: Chemical stocks abuzz in an upbeat market
3:45 PM
Closing bell: UPL, Divi's Lab, Sun Pharma top Nifty 50 laggards
3:42 PM
Closing bell: Tata Steel, Apollo Hospitals, JSW Steel top Nifty 50 leaders
3:40 PM
Closing bell: Nifty PSU Bank best sectoral performer
3:37 PM
Closing bell: Midcaps outperform Smallcaps; India Vix slips 10%
3:36 PM
Closing bell: Barring Nifty FMCG, all sectors in green
Topics : Sensex MARKET LIVE MARKET WRAP Markets Nifty BSE NSE Russia Ukraine Conflict Oil Prices Rupee Dalal Street stock markets Coal India BPCL Hindalco
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First Published: May 26 2022 | 8:15 AM IST