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May 5, 2021 4:20 PM

Ajit Mishra, VP - Research, Religare Broking

Markets traded volatile for yet another day but managed to end higher. After the initial uptick, the benchmark hovered in a range for most of the session but sustained recovery in the last one and half hours aided the index to close around the day’s high. We feel the timely intervention by the apex bank has relieved the participants to some extent amid the prevailing uncertainty. However, it failed to trigger a decisive move in the benchmark indices and we might see further consolidation. On the flip side, there’s no shortage of trading opportunities on the stock-specific front so participants should align their positions accordingly while keeping a check on leveraged trades.

May 5, 2021 4:19 PM

Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments

The range continues; the Nifty is unable to get past 14,700 or break 14,400. If we can close past 14,700, we will move to 15,100 levels and if we break 14,700, we will see the markets drift to 14,000-14,100. The positive of the current range is that a large move is in the offing where traders can find an appropriate opportunity to make money!

May 5, 2021 4:18 PM

Manish Shah, Founder, www.Niftytriggers.com

Nifty has to clear 15,050 with a strong conviction candle for a sustained move on the upside. As a short term 2-3 day move. If Nifty breaks above 14,670 expect a rally to 14,830-14,850 and above that to 15,000 over the next 2-3 days. Tomorrow is the weekly expiry a break above 14,670 could mean a nice play on the long side for weekly expiry players. Major support is at 14,480-14,450. A break below this and we could see a drop to 14,350.

May 5, 2021 4:16 PM

Deepak Jasani, Head of Retail Research, HDFC Securities

India benchmark equity indices rose on May 5 after the RBI announced measures to further support the economy as coronavirus cases continue to surge. Nifty formed an inside day, meaning that the high low range for the day was within the high low range of the previous day. However the Nifty closed near its intraday high. Advance decline ratio too became positive. 14,461-14,723 continues to be the range for the Nifty in the near term. In case we do not see a negative day tomorrow, then we may have seen a near term bottom at 14,416 on May 03.

May 5, 2021 4:07 PM

Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Services

The spot is hovering around 74 zone, the Covid related worries are keeping it afloat. But the influential dovish cover is putting pressure on the spot. All eyes are on the US NFP data and it is anticipated to show the US economy adding 950K jobs in April, a better data may establish an uptrend in USDINR spot. So up until then, we expect USDINR spot to continue trading sideways in between 73.50 and 74.25.

May 5, 2021 3:53 PM

Here are key stocks that moved the most on May 5

The Sensex ended 424 points higher at 48,677 while the Nifty rose 121 points to settle at 14,618.Get latest Market online at cnbctv18.com

May 5, 2021 3:49 PM

Market At Close | Sun Pharmaceutical Industries, UPL, Axis Bank, IndusInd Bank and Kotak Mahindra Bank were the top gainers on the Nifty50, while Adani Ports & SEZ, Bajaj Finance, SBI Life Insurance, Asian Paints and Hindustan Unilever were the top index losers.

May 5, 2021 3:48 PM

Market At Close | Sensex and Nifty close at day’s high, led by financials and pharma stocks.

May 5, 2021 3:46 PM

Market At Close: Here are key highlights from today’s market session

- Market Closes At Day’s High, Led By Financials & Pharma

- RBI’s Announcements Lead To A Big Gain In Pharma; Nifty Pharma Up 4%

- Sensex Gains 424 Points To 48,678 & Nifty 121 Points To 14,618

- Nifty Bank Rises 513 Points To 32,784 & Midcap Index 242 Points To 24,410

- 43 Nifty Stocks Close Higher; Sun Pharma, UPL, Axis, IndusInd Top Gainers

- Lupin Rises Over 13% To Record Biggest Single-day Gain In 18 Years

- Pfizer Moves 4% Higher On Drug Regulator’s Nod For Import of Vaccines

- IDBI Bank Surges On Reports Of Cabinet Considering The Stake Sale

- NMDC Surges 6% After Investec Upgrades The Stock To Buy

- SRF Rises 2% While Ceat Slips 2% After Reporting Earnings For Q4

- Market Breadth Favours Advances; Advance-Decline Ratio At 2:1

May 5, 2021 3:39 PM

Closing Bell: Indian equity indices ended higher Wednesday led by strong gains across the board after the Reserve Bank of India (RBI) Governor Shaktikanta Das announced a slew of measures to support small businesses amid the second wave of pandemic. The Sensex surged 424.04 points, or 0.88 percent to close at 48,677.55, while the Nifty ended 121.35 points, or 0.84 percent higher, at 14,617.85. Broader markets supported the rally with the Nifty Smallcap100 index gaining 1 percent.

Barring Nifty Realty, all other sectoral indices closed in the green with Nifty Pharma jumping over 4 percent followed by Nifty PSU Bank, Nifty IT and Nifty Metal. Sun Pharmaceutical Industries, UPL, IndusInd Bank, Axis Bank and Kotak Mahindra Bank led the gains among Nifty50 constituents, while Adani Ports & SEZ, Bajaj Finance, SBI Life Insurance, Asian Paints and Hindustan Unilever were the top index losers.

May 5, 2021 3:35 PM

Jyoti Roy - DVP- Equity Strategist, Angel Broking

Indian Services PMI for April decreased marginally to 54.0 in April as compared to 54.6 in March despite the second Covid wave. Most people on the street were expecting a bigger drop in the PMI numbers if not a contraction (reading below 50). While this is the slowest reading in the last three months, it still points to a solid pace of expansion especially given the second Covid wave.

The April manufacturing and services PMI numbers corroborate our view that the economic rebound has been resilient in spite of the second Covid wave and it seems that the restrictions imposed by various states are not having a very large impact on the economy so far. All in all the PMI readings for the month of April have come in as a pleasant surprise.

May 5, 2021 3:22 PM

May 5, 2021 3:20 PM

Dhiraj Relli, MD &CEO, HDFC Securities views on the announcement by RBI Governor

The RBI Governor's announcement did not include blanket moratorium and hence some of these fears did not come out to be true and Banking stocks did not sell-off. Small businesses and MSME borrowers have been given a chance to extend their payment schedules. Rs 50,000 cr term liquidity for the healthcare sector is welcome but unlikely to benefit many listed players. Overall the street may be disappointed with the financial impact of the announcement but given the scale of the pandemic, we can expect more such announcements going forward. Overall a welcome proactive move by the RBI, though yeh dil mange more.

May 5, 2021 3:18 PM

India Pesticides gets go-ahead from SEBI for Rs 800-cr IPO

Agrochemical technical firm India Pesticides has received approval from the capital markets regulator Securities and Exchange Board of India to go ahead with its initial public offering.Get latest…

May 5, 2021 3:16 PM

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