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Share Market Trading Wrap Up For 22 May,2024

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Share Market Closing Note


Nifty around 22,600, Sensex up 268 pts; IT, FMCG, realty shine:


Indian market ended on positive note amid volatility on May 22 with Nifty around 22,600.


The Sensex was up 267.75 points or 0.36 percent at 74,221.06, and the Nifty was up 68.80 points or 0.31 percent at 22,597.80. About 1612 shares advanced, 1734 shares declined, and 103 shares unchanged.


Cipla, HUL, Tata Consumer Products, HUL, Coal India and Britannia Industries are among major gainers on the Nifty, while losers are SBI, Hindalco Industries, Shriram Finance, Hero MotoCorp and Apollo Hospitals.


On the sectoral front, realty and FMCG gained 1 percent each, and capital goods, IT and Media up 0.5 percent each. On the other hand, bank index was down 0.5 percent and meal index shed 0.4 percent each.


The BSE midcap index ended on a flat note and smallcap index was up 0.2 percent.


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Topic :- Time:3.00 PM


Nifty is still rangebound. Nifty spot if holds above 22540 level on closing basis then expect some upmove in coming session and if it closes below above mentioned level then some sluggish movement may follow in the market. Avoid open positions for tomorrow.


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Topic :- Time:2.00 PM


Nifty spot is trading at 22588. Once it manages to trade and sustain above 22600 level then expect some quick upmove in the market and if it breaks and trade below 22560 level then some decline can be seen in the Nifty. As mentioned earlier nifty is likely to show some upmove and banknifty will also follow the same from here.


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Topic :- Time:1.50 PM


May 23 is a settlement holiday on account of Buddha Purnima. Here is how it will impact your trades -


1. Any fund withdrawal request placed after the cut-off time on May 22 will be processed on May 24.

2. Stocks bought on May 22 cannot be sold on May 23.

3. The credit bill for all segments on May 22 will not be available for trading or withdrawal on May 23.


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Topic :- Time:1.30 PM


SILVER Trading View:

SILVER is trading at 94580. If it breaks and trade below 94400 level then expect some decline in it and if it manages to trade and sustain above 94640 level then some upmove can follow in the Silver.


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Topic :- Time:1.00 PM


Nifty is in green and Banknifty is trading in red however overall market is rangebound only. Nifty spot if manages to trade and sustain above 22580 level then expect some upmove and if it breaks and trade below 22540 level then some decline can be seen in the market.


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Topic :- Time:12.30 PM


COPPER Trading View:

COPPER is trading at 928.40. If it manages to trade and sustain above 930 level then expect some upmove and if it breaks and trade below 927 level then some decline can follow in the market.


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Topic :- Time:12.00 PM


Nifty is trading flat and waiting for cues from elections outcome. Nifty spot if manages to trade and sustain above 22560 level then expect some upmove in the market and if it breaks and trade below 22520 level then some decline can be seen. Currently Nifty spot is trading at 22550.


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Topic :- Time:11.30 AM


News Wrap Up:

1. Sensex, Nifty marginally higher; HUL, RIL, Infosys top gainers

2. Star Healths shares worth $250-270 mn likely to change hands via block deal

3. Paytm writes off Rs 227 crore investment in Payments Bank

4. Granules India surges 4% after Rs 252.4 crore block deal

5. TVS Mobility Group arm to soon file draft papers for $150-million warehouse InvIT

6. Paytm Q4 Results: Net loss widens to Rs 550 crore, revenue down 2.9% YoY to Rs 2,267.10 cr

7. IPOs soar to 8-month high in May with Rs 9,600 crore raised

8. SpiceJet to seek ₹450 crore refund from Maran

9. Awfis Space Solutions IPO opens for subscription

10. Robusta coffee rises most on Vietnam rain concerns


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