Stock Market Live: Sensex, Nifty trading volatile! Nifty crosses 22,100, Sensex near 72,700.Metal stocks and PSU bank stocks shine – Market News

Shares of agricultural solutions and services major UPL plunged over 6% after the company reported a 95% year-on-year decline in net profit for Q4FY24. UPL stock fell 6.07 per cent to hit an intraday low of Rs 501.65 on the NSE.

Stocks to watch: Zomato, DLF, Sanofi, JSPL, Shriram Finance, UPL, Cochin Shipyards, RVNL

NFO sales set new record this year

Tata Motors plunges more than 8% on modest growth forecast for FY25: Want to know why brokerages are worried?

Will Nifty expand beyond the 22,200 mark or will consolidation continue? See GIFT Nifty, FII data, F&O ban, crude oil and more before markets open

Cochin Shipyards rose 9.6 per cent to an intraday high of Rs 1,310 after winning blockbuster deals of Rs 500-100 billion. The company has won an order for a hybrid service operation vessel from a European customer. “CSL would like to announce that it has received a major order from a European customer to design and build a Hybrid Service Operation Vessel (Hybrid SOV) with the option of two additional vessels,” the company told the exchange. stated in the submission. .

“The Bank Nifty index has made a strong recovery from the low levels and managed to maintain support at the 100-day exponential moving average (EMA). A pullback is likely towards the 20-day moving average (DMA) located at 48,200. “As long as the index holds the downside support level of 47,200, where bullish movement is clear, the index will remain in buy mode,” said Kunal Shah, senior technical and derivatives analyst at LKP Securities.

Hero MotoCorp, Shriram Finance, Hindalco, JSW Steel and M&M were big gainers in the Nifty 50 stocks, while Cipla, Nestle India, Tata Consumer Products, Adani Ports & SEZ and TCS made it to the Nifty 50 on May 14. It has become a major laggard among stocks. .

Commenting on the technical outlook for Nifty, Rupak De, Senior Technical Analyst at LKP Securities, said that Nifty has formed a hammer pattern on the daily chart, indicating a possible bullish reversal after correction. . Additionally, the stock found support near the previous low on the daily time frame. However, the index’s recovery may encounter resistance in the 22150-22200 zone and only a decisive move above 22200 could trigger a stronger rise in the market. At the lower limit, support is located at he 21950.

Bharti Airtel, Siemens, Shree Cement, Colgate Palmolive (India), Oberoi Realty, AIA Engineering, Apollo Tires, Apar Industries, Radico Khaitan, Devyani International, Shyam Metalics and Energy, PVR Inox, Bajaj Electricals, Zydus Wellness, Safari Industries India, Archean Chemical Industries, Jubilant Ingrevia, VMART Retail, Thyrocare Technologies, Sagar Cements, Repco Home Finance, Patanjali Foods BASF India, BLS International, Kirloskar Brothers.

NSE added Balrampur Chini Mills, Canara Bank, GMR Infra, Hindustan Copper, Vodafone Idea, Piramal Enterprises, PNB, Sail and Zee Entertainment Enterprises to its F&O on May 14, 2024.

According to provisional data available with NSE, Foreign Institutional Investors (FIIs) sold shares worth a net Rs 4,498.92 crore on May 13, 2024, while Domestic Institutional Investors (DIIs) sold a net worth of Rs 3,500 crore. The company bought up shares worth Rs 62.7 million.

As of Tuesday morning, WTI crude oil prices were trading at $79.29, up 0.21%, while Brent crude oil prices were up 0.23% at $83.55.

The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, fell 0.04% to trade at 105.22.

According to Reuters, global stock indexes were little changed on Monday, although the U.S. dollar index was slightly weaker as investors awaited this week’s U.S. inflation data, which is expected to be important for the U.S. interest rate outlook. It fell. The tech-heavy Nasdaq Composite Index rose 47.37 points (0.29%) to 16,388.24. Conversely, the S&P 500 fell only 1.26 points or 0.02% to close at 5,221.42, while the Dow Jones Industrial Average fell 81.33 points or 0.21% to close at 39,431.51.