Sensex, Nifty remain firm as PSU stocks shine
May 24, 2021
BSE-listed stocks hit $3-trillion market cap; volatility index rose 0.14% to 19.11
The stock market remained volatile in the first half of the trading day after a positive opening amid mixed global cues. However, it was able to remain largely in the green, thanks to a strong rally in PSU stocks.
At 1 pm, the BSE Sensex was at 50,618.89, up 78.41 points or 0.16 per cent. The index moved between a high of 50,855.32 and a low of 50,465.90. Nifty 50 was at 15,189.75, up 14.45 points or 0.1 per cent. It hit an intra-day high of 15,251.90 and a low of 15,145.45.
To hit all-time highs: Experts
Yoganand D
BL Research Bureau |
Updated on
May 19, 2021
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The Dow Jones and S&P 500 fell 0.78 per cent and 0.85 per cent in last session
Tracking the weak global markets, the Sensex and the Nifty 50 began the session with a gap-down. The Dow Jones and S&P 500 fell 0.78 per cent and 0.85 per cent in last session. The Nikkei 225 has declined 1.28 per cent to 28,044 and CSI 300 has slipped 0.3 per cent to 5,172 levels in today session. The Sensex and the Nifty have recovered from their intraday low and are marginally down by 0.15 per cent and 0.19 per cent respectively.
The market breadth of the Nifty 50 is almost break-even. The India VIX has climbed 0.6 per cent to 19.3 per cent. The Nifty mid and small-cap indices mixed, as the former is trading flat and the latter gained 0.6 per cent. Among the sectoral indices, the Nifty realty and media are the top gainers that have advanced 2 per cent and 1.6 per cent respectively. Nifty metal and financial service are the top losers tha
Nifty call: Go long above 14,750 with stop-loss at 14,670
Nifty 50 May Futures (14,730)
Taking positive cues from the Asian markets, the Indian benchmark equity indices opened higher than yesterday’s close. Both the Nifty 50 and the Sensex went up post opening and are now trading with a gain of about 0.3 per cent each. Among the major indices in Asia, the ASX 200 has gained nearly 0.6 per cent and the Hang Seng is up by 0.8 per cent so far.
The market breadth of the Nifty 50 index is showing a positive bias as the advance-decline ratio stands at 36-14 and the volatility has gone down, which is synonymous with an uptrend. India VIX – the volatility index – has dropped by nearly 6 per cent to 22.36.