POST-MARKET SUMMARY 24 May 2023
Post-market data and news around listed stocks.
![NSE indices, post market summary, market closing](https://blog.liquide.life/content/images/2023/05/image-2.png)
The Nifty index is currently influenced by the bears, which is evident in the market trend. At present, the index is encountering substantial resistance at 18450, which has consistently posed a challenging barrier to breach. The lack of strength in global markets has had a negative impact on domestic indices, further exacerbated by the US's ongoing discussions regarding its debt ceiling, which has contributed to an overall bearish sentiment.
NIFTY: The index opened 54 points lower at 18,294, made a high of 18,392 and slipped 107 points before closing at 18,285. The Nifty has formed a bearish candlestick on closing. Its immediate resistance is placed at 18,450 while support is at 18,200.
BANK NIFTY: The index opened 203 points lower at 43,751 and closed at 43,677. Bank Nifty can be seen trading in a narrow range. Its immediate resistance level is placed at 44,000 while support is at 43,500.
FII / DII data:
![FII , DII, post market fii data](https://blog.liquide.life/content/images/2023/05/image-3.png)
Major Indices:
![market indices , nifty50, sensex](https://blog.liquide.life/content/images/2023/05/image-4.png)
Nifty Gainers & Losers:
![](https://blog.liquide.life/content/images/2023/05/image-5.png)
Stocks in Spotlight
§ Nykaa: Net profit tanks 72% YoY to Rs 2 crore. Revenue from operations rises 34% to Rs 1,301.72 crore as against Rs 973.32 crore.
§ IndusInd Bank: Standalone net profit jumps 50% to Rs 2,040.51 crore as against Rs 1,361.37 crore in the year-ago quarter. Banks declares a dividend of Rs 14/share.
§ Dixon Technologies: Stock gains 9% on strong Q4 performance. Net profit soars 84% while EBITDA jumps 61% compared to year-ago quarter.
Global News
§ Markets in Europe and Asia slump on Wednesday as negotiations over raising the US debt ceiling stall, sapping risk sentiment.
§ UK inflation sinks below 10% to 8.7% for the first time since August