Stock Market Highlights, May 13: Sensex recoups 910 pts from low, ends 112 pts up; Nifty holds 22100
Stock market highlights, Monday, May 13, 2024: In the broader markets, the BSE MidCap index gained 0.36 per cent, while the BSE SmallCap fell 0.23 per cent
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Closing Bell on May 13, 2024: Indian stock markets staged a smart recovery in the intraday trade on Monday amid bargain buying in Asian Paints, HDFC Bank, ICICI Bank, TCS, and Axis Bank.
The S&P BSE Sensex, which cracked 798 points intraday to a low of 71,866, closed at 72,776, up 112 points or 0.15 per cent. Similarly, the NSE Nifty50 index shut shop at 22,104, up 49 points or 0.22 per cent after hitting a low of 21,821.
Capping the upside, however, were losses in Tata Motors (down 8 per cent), NTPC, Bharti Airtel, SBI, Titan, and Nestle India.
In the broader markets, the BSE MidCap index gained 0.36 per cent, while the BSE SmallCap fell 0.23 per cent. Both the indices had declined 1.5 per cent each intraday.
Among sectors, the Nifty Auto, and PSU Bank indices slipped over 1 per cent each. On the contrary, teh Nifty Pharma rose 1.77 per cent.
3:48 PM
Views by: Ajit Mishra – SVP, Research, Religare Broking
Comment :: 'Breaching 22,300 for Nifty looks challenging'
Despite the persistent rise in the volatility index, the Nifty found support at the critical 21,800 level. Anticipated stability in banking majors and select heavyweights in sectors such as IT and energy may foster further upward movement, although breaching the 22,300-22,400 range could prove challenging. Given this scenario, participants are advised to adjust their positions cautiously and refrain from overly aggressive trading strategies.
Views by: Ajit Mishra – SVP, Research, Religare Broking
3:46 PM
Tech View :: 'Nifty Bank may stage pullback'
The Bank Nifty index saw a strong recovery from lower levels and managed to hold onto its support at the 100-day exponential moving average (EMA). There's a potential for a pullback towards its 20-day moving average (DMA), positioned at 48,200. As long as the index maintains the support level of 47,200 on the downside, where bullish activity is evident, the index remains in a buy mode.
Views by: Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
Views by: Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
3:45 PM
Currency check :: Rupee ends 3 paise weaker at 83.527/$
3:42 PM
Broader markets :: SmallCap index ends lower despite broad-based rebound across markets
3:40 PM
Sectoral trends :: Auto, PSBs weigh on markets
3:39 PM
Sensex Heatmap :: Tata Motors drops 8%, Asian Paints gains over 3%
3:38 PM
Closing Bell :: Nifty holds 22,100
3:37 PM
Closing Bell :: Sensex rebounds over 900 pts from lows, ends in green
3:29 PM
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Topics : MARKET LIVE MARKET WRAP Markets Market news stock market trading stock markets Indian stock markets Q4 Results Global Markets BSE Sensex Nifty50 Markets Sensex Nifty MARKETS TODAY
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First Published: May 13 2024 | 7:49 AM IST