Stock Market Highlights, May 22: Sensex up 268pts, Nifty near 22600; Awfis Space IPO subscribed 1.5x
Stock Market Highlights on Wednesday, May 22, 2024: M-cap of all BSE listed companies settled at Rs 416 trillion or $5 trillion today
 "Sensex, Nifty, stock brokers")
Sensex, Nifty, stock brokers
Closing Bell on Wednesday, May 22, 2024: Indian equites ended a range-bound session on a positive note. The S&P BSE Sensex closed the day at 74,221, up 268 points or 0.36 per cent. The Nifty50, on the other hand, ended at 22,598, up 69 points or 0.31 per cent.
Heavyweights like HUL, Reliance Industries, Infosys, Asian Paints, ITC, and Ultratech Cement supported the benchmarks, rising 1 per cent to 2.3 per cent.
On the other hand, SBI, ICICI Bank, Axis Bank, JSW Steel, Tata Steel, Tata Motors, and HDFC Bank were the laggards, down up to 1.5 per cent.
In the broader markets, the BSE MidCap index fell 0.05 per cent, and the BSE SmallCap added 0.18 per cent.
Among sectors, the Nifty Realty, and FMCG indices gained 1.4 per cent each, while the Nifty Private Bank, Financial Services, and Metal indices slipped up to 0.6 per cent.
3:50 PM
Tech View :: 'Nifty trend to stay positive till it holds 22,500'
Nifty continues to trend bullishly, finding support at 22,500. The index has been moving higher within a rising channel. The trend is likely to remain strong as long as it stays above 22,500. On the higher end, the index might move towards 22,800 in the short term, with immediate support at 22600. A dip below 22600 might briefly take the index towards 22500.
Views by: Rupak De, Senior Technical Analyst, LKP Securities
Views by: Rupak De, Senior Technical Analyst, LKP Securities
3:49 PM
Tech View :: ' Break above 48,276 will lead to sharp short-covering in Nifty Bank'
The Bank Nifty index witnessed a volatile trading session on the weekly expiry day. The index is still trading below its 20DMA, which is placed at 48,276. A break above this level will lead to sharp short-covering moves towards the 49,000 mark.
Currently, the index is stuck in a broad range between 47,500 and 48,300. A break on either side will result in trending moves. However, within this range, the view remains bullish, and dips should be utilized to buy the index
Views by: Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
Currently, the index is stuck in a broad range between 47,500 and 48,300. A break on either side will result in trending moves. However, within this range, the view remains bullish, and dips should be utilized to buy the index
Views by: Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
3:48 PM
Comment :: 'Markets ended higher despite caution among global peers'
Despite mixed global market sentiments ahead of the US FED minutes, Indian markets exhibited a subtle positive trend. Investors are optimistic about stable Q4 earnings and easing election jitters that had previously increased volatility.
Interest in the FMCG sector has risen due to the potential for an early onset of monsoon. Nevertheless, markets may underperform in the short term as they wait for the election outcome, with FIIs staying on the sidelines
Views by: Vinod Nair, Head of Research, Geojit Financial Services.
Interest in the FMCG sector has risen due to the potential for an early onset of monsoon. Nevertheless, markets may underperform in the short term as they wait for the election outcome, with FIIs staying on the sidelines
Views by: Vinod Nair, Head of Research, Geojit Financial Services.
3:46 PM
Currency check :: Rupee ends 3 paise weaker
3:43 PM
IPO Update :: Awfis Space issue sails through in Day 1
3:41 PM
Broader markets :: MidCap index slips marginally, SmallCap up 0.2%
3:40 PM
Sensex Heatmap :: RIL, HUL lift index; SBI caps gains
3:38 PM
Closing Bell :: Nifty ends near 22,600
3:36 PM
Closing Bell :: Sensex gains over 250 pts after trading range-bound
3:26 PM
March Quarter Results :: Sun Pharma reports net profit of Rs 2,654.5 crore
>> Margin at 25.3%
>> Other income at Rs 606 crore
Topics : MARKET LIVE MARKET WRAP Q4 Results Indian stock markets Market news S&P BSE Sensex Nifty50 Global Markets IPOs
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First Published: May 22 2024 | 7:48 AM IST