POST-MARKET SUMMARY 27th May 2024

On May 27, the record run continued on Dalal Street as benchmark indices reached new all-time highs, driven by buying in realty, banking, and IT stocks. Top Gainer: DIVISLAB | Top Loser: ADANIENT

Liquide Post-Market Summary 27th May 2024

On May 27, the record run continued on Dalal Street as benchmark indices reached new all-time highs, driven by buying in realty, banking, and IT stocks. Buoyed by positive global markets, the Indian indices opened on a positive note and extended gains throughout the day, with the Sensex and Nifty crossing 76,000 and 23,100 for the first time. However, last-hour selling erased all the day's gains.

Sectorally, banking, realty, and IT indices each gained 0.5%, while oil & gas, power, and media were down 0.5-1%.

NIFTY:  The index opened 81 points higher at 23,038 and made a high of 23,110 before closing at 22,932. Nifty has formed a bearish candlestick pattern with upper and lower shadows on the daily chart. Its immediate resistance level is now placed at 23,000 while immediate support is at 22,850.

BANK NIFTY: The index opened 134 points higher at 49,105 and closed at 49,281. Bank Nifty has formed a bullish candlestick pattern with a long upper shadow on the daily chart. Its immediate resistance level is now placed at 49,500 while support is at 49,000.

Indices closing for 27th May 2024
Major Market Indices data
FII/DII Data
Nifty Gainers & Losers

Stocks in Spotlight

▪  Cochin Shipyard: Stock jumped over 3% to hit a new high of Rs 2,100 on the NSE on the back of robust March quarter earnings.

▪  Karnataka Bank: Stock slipped over 2%, after the lender reported weak earnings for the March quarter.

▪  Ashok Leyland: Stock rallied 8% to hit an all-time high of Rs 222.85, after the Street cheered its robust March quarter performance.

Global News 

▪  Gold prices on Monday drifted higher from a two-week low hit in the previous session as traders gauged fading hopes of U.S. interest rate cuts ahead of a key inflation report due later this week.

▪  Asia-Pacific markets rose on Monday as industrial profits in China rose during the first four months of the year.

▪  European markets ticked higher in mid-morning trade as traders searched for direction on a quiet day for markets.


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