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Ahead of Market: 12 things that will decide stock action on Friday SECTIONS Last Updated: May 20, 2021, 10:20 PM IST Share Synopsis Analysts said, Nifty may end up going back to a broad trading range if it doesn t end up seeing any followup buying. Getty Images Related NSE By Sabari Saran New Delhi: The domestic equity market continued to fall for the second straight day as sharp sell-off in metals and financial counters weighed on investor sentiment. The index breached the psychologically important 15,000-mark, forming a bearish candle on the daily chart. Analysts said, Nifty may end up going back to a broad trading range if it doesn t end up seeing any followup buying. Nifty will need to hold above the 15,000 level to witness any further bounce. Will the market regain the 15,000 level or see pain in the short term? ....
Stocks on Monday cheered the scheduled roll-out of Covid-19 vaccines in the country by the end of this week and the strong start to the quarterly earnings season. The benchmark Sensex crossed the 49,000 mark for the first time, and is now within striking distance of the 50,000 milestone. The Sensex rose 487 points, or 1 per cent, to end the session at 49,269, while the Nifty closed at 14,484, a gain of 137 points, or 0.9 per cent. IT stocks were the top gainers and contributed the most towards the Sensex s gains. Indian stocks continue to be the beneficiaries of benign foreign portfolio investor (FPI) flows amid signs of recovery in the economy. FPIs bought stocks worth Rs 3,139 crore on Monday. Domestic institutional investors, on the other hand, sold shares worth Rs 2,610 crore. ....