IT, Metals drag Sensex 236 pts down; Delhivery rises 10%, Zomato 15%
CLOSING BELL: On the NSE, the Nifty50 shut shop at 16,138, down 77 points or 0.47 per cent
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Stock market highlights: Equity markets swung in trade amid lack of fresh triggers for a decisive move. The S&P BSE Sensex see-sawed between 54,524 and 53,886 -- a range of 638 points -- before settling the day at 54,053, down 236 points or 0.43 per cent.
Technical View: Rupak De, Senior Technical Analyst at LKP Securities
Nifty remained directionless during the day leading to volatility in the market. On the higher end, 16400 is likely to remain a resistance over the near term. Support on the lower end remains at 16000-16020. Going ahead, the volatility may continue over the near term. Any decisive breakout above 16400 may induce a strong directional move in the market.
Market view: Vinod Nair, Head of Research at Geojit Financial Services
Anxiety of slowing economy & rising interest rates underpinned by soaring inflation continued to haunt the global market. The UK and Eurozone composite PMI registered the slowest rise in business activity in the month of May, worsening global investor risk sentiment. On the domestic front, while all major sectors succumbed to the pressure, the auto sector bucked the market trend this month gaining on fuel price cut and rise in steel custom duty.
Closing bell: Over 2,000 stocks declined whereas 1,036 advanced
Closing bell: Adani Power, Coromandel International claim fresh 52-week high
Closing bell: Divi's Lab, Tech Mahindra, Grasim top Nifty 50 losers
Closing bell: Dr Reddy's, HDFC, Kotak Bank top Nifty 50 gainers
Closing bell: Nifty Media worst sectoral performer
Closing bell: Smallcaps underperform Midcaps; India Vix climbs above 9%
Closing bell: Barring BFSI and auto, all sectors slip in red
Closing bell: 10 out of 30 Sensex stocks close in positive territory
Closing bell: Over 200 points downfall for Sensex
Closing bell: Nifty 50 closes below 16,150 levels
Cement stocks lose steam; Shree Cements hits 52-week low
Auto stocks defy market mood; Ashok Leyland up over 4%
Media stocks bleed; PVR, Inox Leisure shed up to 6%
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First Published: May 24 2022 | 8:15 AM IST