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May 14, 2021 4:33 PM
Deepak Jasani, Head of Retail Research, HDFC Securities
Indian benchmark equity indices ended flat after a mildly volatile day on May 14. After two weeks of gains, the Nifty ended the week 0.98% lower as coronavirus cases continue to surge, triggering concerns that a wider lockdown may be reimposed. The advance-decline ratio was again negative suggesting continued profit-taking in the broad market. The sell-off seen in The US markets on May 12 has unnerved a lot of investors as the likelihood of inflation/interest rate hike led sell-off across the globe is becoming stronger. However as the Nifty refuses to close at the intraday lows over the past two days, hopes of a short term upmove are still alive. 14,506-14,851 seems to be the new band for the Nifty for the near term.
May 14, 2021 4:31 PM
Ajit Mishra, VP - Research, Religare Broking
Markets ended almost unchanged in a lackluster session, in continuation to the prevailing consolidation phase. On the sector front, except FMCG and capital & consumer goods, all the other indices ended with losses wherein auto, oil & gas and banking were the top losers. Since we're actively following global indices of late, we feel world markets would remain volatile in the near term and key commodity prices would be actively tracked. On the domestic front, earnings announcements from companies and COVID-19 cases would be on participants' radar. We suggest continuing with a selective trading approach and wait for further clarity.
May 14, 2021 4:27 PM
Nirali Shah, Head of Equity Research, Samco Securities
Nifty50 index behaved in line with global indices and closed in red on a weekly basis. The index also failed to retest the immediate resistance zone of 15,000, as it is facing supply pressure at higher levels. The benchmark index is lacking directional move after a prolonged rally and is now contained within a consolidation range of 14,400 to 15,000. BankNifty and other indices are also forming similar patterns. We maintain a bearish bias on the markets in the short term at least till the immediate resistance levels aren’t broken.
May 14, 2021 4:15 PM
Nagaraj Shetti, Technical Research Analyst, HDFC Securities
The short term trend of Nifty is choppy with weak bias. The present market action signal chances of an upside bounce in the coming sessions. The confirmation of higher bottom at 14,591 (Friday's Low) is expected to pull the market on upside. The next upper levels to be watched around 14,900-15,000 in the next one week. Immediate support is placed at 14,590.
May 14, 2021 4:09 PM
May 14, 2021 4:05 PM
Manish Shah, Founder, Niftytriggers.com
Nifty on closed the week in negative. The decline was not severe as other equity markets in the world have seen. Previous weeks-long green candle was supported by further buying interest. The prolonged sideways action in Nifty continues. Nifty needs to break above 15,000-15,050 for the index to see any further rally to continue. For the coming week, Nifty needs to break above 14,850. This would mean that Nifty will again attempt to move above 15,000-15,050 and if break out does manifest Nifty should rally towards 15,450-15,500. Any decline to 14,450-14,500 should be used to buy in the market with a stop below 14,200. The potential for a big rally above 15,000-15,050 is huge considering the pattern in play.
May 14, 2021 3:57 PM
May 14, 2021 3:55 PM
May 14, 2021 3:54 PM
May 14, 2021 3:54 PM
Rupee At Close | The Indian rupee ended higher by 13 paise at 73.29 per dollar. The local currency opened flat at 73.42 per dollar against Wednesday's close of 73.42 and traded in the range of 73.22-73.43.
May 14, 2021 3:47 PM
Here are key stocks that moved the most on May 14
The Sensex ended 42 points higher at 48,732 while the Nifty fell 19 points to settle at 14,678.Get latest Market online at cnbctv18.com
May 14, 2021 3:46 PM
Here's how market performed this week
- Market Closes Lower After Gaining For Two Consecutive Weeks
- Nifty Metal Slips After Gaining For Three Weeks, Falls Over 4%
- Sensex, Nifty & Midcap Index Slip 1% Each, Nifty Bank Over 2%
- PSU Bank & PSU Index Gain over 3% Each For The Week
- UPL, Asian Paints, Coal India, IOC, Power Grid Top Nifty Gainers
- JSW Steel, Grasim, Hindalco, Adani Ports, Axis Bank Top Nifty Losers
May 14, 2021 3:46 PM
Market At Close | Here are key highlights of today's market session
- Sensex & Nifty Close Flat While Midcaps Underperform
- Financials Remain A Major Drag; Nifty Bank Slips 1%
- Sensex Gains 42 Pts To 48,733 While Nifty Slips 19 Pts To 14,678
- Nifty Bank Falls 283 Pts To 32,170 & Midcap 407 Pts To 24,364
- Metal Slips The Most While FMCG Is Top Gainer Amongst Indices
- Asian Paints, UPL Surge While JSPL & Piramal Fall After Q4 Earnings
- Coal India, Tata Motors, Hindalco, Tata Steel Top Nifty Losers
- FMCG Names (ITC, Nestle, HUL & Britannia) Support Market
- L&T Closes 2% Higher Ahead Of Q4 Earnings
- PTC, Voltas, Berger, Colgate Top Midcap Gainers
- Market Breadth Favours Declines; Advance-Decline Ratio At 2:3
May 14, 2021 3:44 PM
Closing Bell | Indian equity benchmark indices ended Friday's volatile session flat as losses in metal, auto stocks offset a surge in FMCG majors. The Sensex inched 41.75 points, or 0.09 percent higher at 48,732.55, while the Nifty ended 18.70 points or 0.13 percent lower at 14,677.80. Broader markets underperformed benchmarks with the midcap and smallcap indices down around 1.5 percent each for the day.
Among sectors, the Nifty Metal index shed 3.7 percent while Nifty Auto lost 2 percent for the day. Nifty Pharma also fell over a percent and Nifty Bank was down 0.9 percent. However, Nifty FMCG surged over 2 percent. On the Nifty50 index, Asian Paints, UPL, ITC, Nestle and Larsen & Toubro were the top gainers while Coal India, Tata Steel, Tata Motors, Hindalco Industries and IndusInd Bank led the losses.
May 14, 2021 3:39 PM
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