Stock market today: Nifty and Sensex inch up, foreign investors boost markets equity purchases

NSE Nifty was up by 0.18 per cent or 41.55 points to 22,955, while the BSE Sensex was at 75,568 up by 0.21 per cent or 158 points.

NSE Nifty was up by 0.18 per cent or 41.55 points to 22,955, while the BSE Sensex was at 75,568 up by 0.21 per cent or 158 points.

Also read:Indian bond yields seen flattish at start of new weekA total of 3,308 stocks were actively traded, 1,812 advanced, while 1,356 declined and 140 stocks remained unchanged where 139 stocks hit a 52 week high and 32 stocks hit a 52 week low at 1 pm on the BSE.

Deven Mehata, Research Analyst, Choice Broking, said, “The benchmark Sensex and Nifty indices are expected to open flat on May 27, following GIFT Nifty trends indicating a loss of just seven points for the broader index.

Nifty can find support at 22,900 followed by 22,850 and 22,800. On the higher side, 23,050 can be an immediate resistance, followed by 23,100 and 23,200. The charts of Bank Nifty indicate that it may get support at 48,800, followed by 48,600 and 48,500. If the index advances, 49,100 would be the initial key resistance, followed by 49,300 and 49,400.

Foreign institutional investors remained net buyers as they bought Indian equities worth ₹944.83 crore worth of shares on May 24. On the other hand, domestic institutional investors bought ₹2,320.32 crore worth of equities on the the same day. INDIAVIX was positive on Friday and closed higher, up by 1.54 per cent and is currently trading at 21.7100.

On Friday, Nifty made a fresh all-time high above 23,000 levels. Traders are advised to purchase on dips near the strong support at 22,800 levels, with a stop loss of 22,700 on closing basis. On the higher side, Nifty can move towards 23,200 and 23,500 in coming days. Bank Nifty has also shown strength and hence it can also move higher towards the next resistance of 49,400-49,600 levels.

Top gainers on the NSE at 9.30 am include, Divi’s Lab (4.14 per cent), Adani Ports (1.95 per cent), Hindalco (1.39 per cent), Shriram Finance (0.98 per cent), JSW Steel (0.96 per cent). Major losers on the NSE include, Adani Enterprises (-1.96 per cent), Wipro (-1.27 per cent), ONGC (-1.06 per cent), Maruti (-0.91 per cent), Dr Reddy’s Lab (-0.67 per cent).

Also read:Stocks that will see action today: May 27, 2024BSE Smallcap was down by 0.31 per cent, while BSE Midcap was up by 0.27 per cent.

Like (0)
Previous May 27, 2024 4:04 pm
Next May 27, 2024 4:04 pm

Related posts

  • Retail investors took the lead in investing in GameStop, which once rose 110% before the market opened.

    The stock price of video game retailer GameStop surged again, rising 110% before the market opened.

    stock index June 3, 2024
  • Stocks that will see action today (April 22)

    HDFC Bank has posted a net profit of ₹16,512 crore for Q4, higher by 37.1per cent on year but up less than 1 per cent sequentially. The results for Q4 and FY24 include the impact of the merger of erstwhile HDFC with the bank effective July 2023. Net revenue grew 47.3 per cent on year to ₹47,240 crore and included gains of ₹7,340 crore from the stake sale in subsidiary HDFC Credila Financial. As a result, the bank saw net trading and mark-to-market gains of ₹7,590 crore in Q4 against a loss of ₹40 crore in the year-ago period. Total other income for the quarter was up 108 per cent on year at ₹18,170 crore.

    stock index April 22, 2024
  • F&O Query: Should you buy call option on Nifty Financial Services?

    What is the short-term outlook for Nifty Financial Services? Can I go long now?

    stock index May 19, 2024
  • JD.com prepares 200 million yuan in gifts with tens of billions of subsidies and launches a beauty makeup bonus game

    Sina Technology News According to news on the afternoon of April 25, JD.com revealed that on April 26, JD.com’s tens of billions of subsidies will officially launch the beauty bonus game. Users purchase JD.com\’s self-operated beauty products on the Ten Billion Subsidy Channel. When the total amount of a single order reaches 300 yuan, 600 yuan, 1,000 yuan, 3,000 yuan, or 10,000 yuan, they can choose a big-name authentic product from the corresponding gift pool for free. Or sample as a gift. It is reported that JD.com has prepared gifts with a total value of 200 million yuan for the first phase of its tens-billion-dollar beauty subsidies and gifts campaign, covering beauty, luxury goods, jewelry, bags and other categories.

    stock index April 25, 2024
  • Unilever rose 5.2% pre-market, Q1 revenue of 15 billion euros exceeded expectations

    Gelonghui, April 25 | Unilever (UL.US) U.S. stocks rose 5.2% before the market opened, to US$50.57. Unilever\’s first-quarter revenue increased to 15 billion euros from 14.75 billion euros in the same period last year, higher than the market consensus of 14.66 billion euros; underlying sales increased by 4.4% year-on-year, and market expectations increased by 3.0%; sales volume increased by 2.2%, The market expected growth of 1.2%. Sales of strong brands (accounting for 75% of total turnover) increased by 6.1%, and sales volume increased by 3.8%.

    stock index April 25, 2024
  • Jinbei Electrician has full orders on hand and both revenue and net profit increased in the first quarter

    On the evening of April 25, Jinbei Electrician disclosed its first quarter performance. The company achieved operating income of 3.522 billion yuan in the first quarter, a year-on-year increase of 19.01%; net profit attributable to shareholders of listed companies was 134 million yuan, a year-on-year increase of 16.58%.

    stock index April 25, 2024