POST-MARKET SUMMARY 15th May 2024

On May 15, Indian markets concluded slightly lower, anticipating significant US inflation data that could influence the Federal Reserve's rate decisions. Top Gainer: COALINDIA | Top Loser: TATAMOTORS

Liquide Post-Market Summary 15th May 2024

On May 15, Indian markets concluded slightly lower, anticipating significant US inflation data that could influence the Federal Reserve's rate decisions. Concurrently, the broader markets saw gains, with the BSE MidCap rising by 0.6% and the Smallcap by 1%.

The Sensex closed at 72,987 points, down 0.08%, while the Nifty closed at 22,200. Among sectoral indices, the Nifty PSU Bank Index led the gainers, rising by 1.4%, trailed by Nifty Realty and Oil & Gas, both increasing by 1%. However, the Nifty FMCG Index fell 1% while Nifty Auto was down by 0.5%. Both the Nifty Bank and Nifty Private Bank indices slipped by 0.3% each.

NIFTY:  The index opened 38 points higher at 22,255 and made a high of 22,297 before closing at 22,200. Nifty has formed a bearish candlestick pattern with minor upper & lower shadows on the daily chart. Its immediate resistance level is now placed at 22,300 while immediate support is at 22,150.

BANK NIFTY: The index opened 64 points higher at 47,923 and closed at 47,687. Bank Nifty has formed a bearish candlestick pattern on the daily timeframe. Its immediate resistance level is now placed at 47,950 while support is at 47,500.

Indices closing for 15th May 2024
Major Market Indices data
FII/DII Data
Nifty Gainers & Losers

Stocks in Spotlight

▪  Cipla: Stock jumped 3.5% after three block deals in the counter took place on the exchanges.

▪  Life Insurance Corp: Stock soared 6% as it has been given three more years by SEBI to achieve 10% public shareholding.

▪  Siemens: Stock surged 6.4% to hit a 52-week high of Rs 7,240 on the NSE after the company's March quarter results beat street estimates.

Global News

▪  Oil prices rose on Wednesday on expectations for higher demand as the U.S. dollar weakened and a report showed U.S. crude and gasoline inventories fell, while the release of inflation data may point to a more supportive economic outlook.

▪  Gold prices climbed to a more than three-week peak on Wednesday, aided by a weaker dollar and yields after data showed that the U.S. consumer price index rose less than expected in April, boosting chances of interest rate cuts by the Federal Reserve.

▪  The dollar fell on Wednesday after U.S. consumer prices increased less than expected in April, suggesting inflation has resumed a downward trend in the second quarter and that the Federal Reserve will cut interest rates in September.


This document has been issued by Liquide Solutions Private Limited for information purposes only and should not be construed as

i) an offer or recommendation to buy or sell securities, commodities, currencies or other investments referred to herein; or

ii) an offer to sell or a solicitation or an offer for the purchase of any of the baskets of Liquide Solutions; or

iii) investment research or investment advice. It does not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this document. Investors should seek personal and independent advice regarding the appropriateness of investing in any of the funds, securities, other investment, or investment strategies that may have been discussed or referred to herein and should understand that the views regarding future prospects may or may not be realized. In no event shall Liquide Life Private Limited and/or its affiliates or any of their directors, trustees, officers and employees be liable for any direct, indirect, special, incidental or consequential damages arising out of the use of information/opinion herein.

With Liquide, you can explore stocks, trade securely in your own broker account, and receive expert-recommended trade setups. Stay updated with real-time tracking, market commentary, and AI-powered insights from LiMo, our intelligent bot. Whether you're a seasoned investor or a newbie, Liquide provides the tools you need to discover your next big investment opportunity. Download the app now from Google Play Store and Apple App Store to revolutionize your investment journey. Don't miss out on the chance to level up your investing game with Liquide.