Market Trend: The Indian benchmark index failed to retain the initial lead on 14 May and closed with a slight lead. Banking stock was under pressure, while IT, media, metal and realty supported lower levels. At the end of the trading session, the Sensex rose 182.34 points or 0.22 per cent to 81,330.56 and the Nifty rose 88.55 points or 0.36 per cent to close at 24,666.90.
Vinod Nair, research head of Geojit Investments Says that the market seems to be increasing due to decrease in both global and domestic risks. In this environment, there is a rapid trend in the broad market. The market is also getting support from improvement in demand. The results of the March quarter have also indicated improvement in demand. This has led to a boom in mid-cap and small-cap stocks. Currently, midcap has risen afresh. The fourth quarter showed the strength in the Arnings and the expectation of growth in the financial year 2026 has accelerated the midcap.
The market is getting support due to continuous decline in inflation, increase in spending income, increasing government spending and fall in interest rates. Meanwhile, the decrease in global trade tension has also improved the senses of the global market. Metal stocks have gained momentum due to less concern about economic recession.
Prashant Tapse of Mehta Equality It is said that there was market fluctuations in Intrade today, but the market closed with the support of shopping in select shares. Investors are not in a hurry to shop in the market after Monday’s huge rise.
HDFC Securities The Nifty midcap and smallcap indexes performed better than benchmark indexes. It is expected that this trend will continue as we are reaching close to the end of the results. The fourth quarter results have been in line with expectations.
Vikas Gupta, CEO and main investment strategist at Omanisis Capital Said that the US-China agreement will help in avoiding inflation related tremors in the US and the way for the Federal Reserve will clear the way to re-start the interest rates. He said that this will increase global liquidity and India will be an attractive investment destination as the fastest growing big economy.
How can the bank be moved
Bank Nifty has fallen 140 points to close at 54,801 today. 7 out of 12 shares of Bank Nifty have been seen shopping. A technical report states that if the bank trends below the level of Nifty 55,110, it can fall to 54,100.
Market Outlook: Market closed with edge, know how it can be on May 15
Axis Securities has his daily technical outlook It is said that a bearish candle is made with upper shadow on the daily chart which reflects resistance at the upper levels. The level of 55110 is important for bank Nifty. If bank Nifty trading above this level, it can increase to 55,331-55,721-55,942 levels. However, if it trading below the level of 55,110, we can see profits in the market and the index can be correct to a level of 54,720-54,499-54,109. “
Srikanth Chauhan, Equity Research Head of Kotak Securities Said that we can get some purchases between 54700 and 54500 in bank-nifty. Closing above 54500 will be negative.
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