Sensex Dips to 73,953 While Nifty Rises to 22,529 On 21, May 2024

Nifty ? ? ? 22,529 [+27.05] 0.12

Sensex? 73,953 [-52.63] 0.07

Reasons for Sideways Market

• Investors remained cautious as the market awaited the outcome of the Lok Sabha elections. The uncertainty surrounding the political landscape led to the flat market performance.

• Losses in major Asian and European markets, coupled with uncertainty ahead of the Federal Reserve's policy meeting minutes, impacted domestic market sentiment.?

Top 3 Stocks That Gained And Lost The Most?

Nifty

Hindalco? +4.79?

Coal India? +4.49?

Tata Steel? +3.63?

Sensex

Nestle? -1.63?

TCS? -0.82?

Maruti Suzuki? -0.74

• Coal India Ltd's stock went up today, possibly due to the positive market sentiment driven by strong quarterly earnings reports.?

Sectors of the Day?

Nifty Metal ? +3.88?

Nifty PSU Bank? +1.51?

Nifty Media +1.25

IPO Performance?

• Veritaas Advertising shares price debuted today with a premium of over 141%, opening at ?275 on NSE SME.?

• Awfis Space Solutions IPO will be open for bidding from May 22, 2024, to May 27, 2024,?with shares priced at Rs 364 to 383 per share.?
• ABS Marine Services shares price debuted today with a premium of 100%, opening at ?294 on NSE SME.?

Key Events To Track For 22nd May 2024?

• Monitor international markets for any significant developments or trends that could impact Indian markets.

• Keep an eye on scheduled economic data releases such as GDP figures, industrial production data, or inflation reports, as they can influence market sentiment and direction.

• Track earnings announcements from major companies across sectors, to gauge the health of the corporate sector and anticipate market reactions.

• Stay informed about any policy announcements or decisions by the Indian government, as they can impact market sentiment and specific industries.

• Stay updated on global events as they can affect Indian markets and investor sentiment.

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