Stock Market Highlights
Despite a strong early morning rally, bulls were unable to keep their control on Dalal Street, as Indian benchmark indexes lost the majority of their intraday gains and finished flat in a very turbulent session.
While the BSE Sensex finished 33.20 points higher at 55,702.23, the NSE Nifty 50 finished 5.10 points higher at 16,682.70.
Power, capital goods, and information technology indexes all gained 1-2 percent. Real estate, FMCG, and pharmaceutical indexes, on the other hand, declined 0.5-1.5 percent.
The BSE midcap and smallcap indexes finished modestly down in wider markets. According to experts, the Nifty’s short-term trend remains bearish. Stocks, on the other hand, provide possibilities on both sides, therefore traders should adjust their holdings accordingly, according to them.
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Data of FIIs & DIIs
In the Indian Equity Share Market, The available provisional data of the National Stock Exchange (NSE).
Share worth Rs. 2,074.74 Crore were Net sold by Foreign Institutional Investors (FIIs), whereas shares worth Rs. 2,229.31 Crore was the net bought by Domestic Institutional Investors (DIIs) on May5.
Nifty future levels in advance EP-366, last closed at 16,682.
Dekhlo kya bola tha , mane , laxman rekha not crossed !!!
Zone- 17127_17147, yes will act
As laxman rekha, yes once cross this level will zoom to kiss- 17270________17347
no buying @ all, abhi buy nhi karn hai !!
Yes below 16970, lion heart trader can go short,
Panic slide up to_____ 16830____16770
Yes yes around- 16870_16947 , yes go short,
Below 16830, more panic upto_________16670______16530
Any big fall or panic around_ 16270_______16170, only buy near this range !!
Bank Nifty future level in advanceEP-366, last closed at 35,232.
Yes we clear told on last update, yes laxman rekha zone- above 36356, we can see
Yes below 35870, no buying @ all, yes go short, panic slide up to
Keep stop loss of 35970_36156,
Go short panic slide upto_35256________34870 level,
Only lion heart trader can go short below 35430,
Go short, yes panic!! More panic we can see
Yaad hai ki nhi, now what to expect more, yes below 35256, no buying @ all,
Panic slide upto_34630_________34430
Yes below , 34356, will see more panic up to_ 33670_______33430
Yes lion heart trader, if you see 35630______35830
On rise go short, if tomorrow u see these level between go short.
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On May 5, US equities finished substantially down amid a widespread sell-off, as market morale plummeted over fears that the Federal Reserve’s interest rate rise the day before would not be enough to contain rising inflation.
The Nasdaq saw its largest one-day percentage fall since June 2020 and its lowest finish since November 2020, as all three major Wall Street indexes reversed gains earned during a relief rally on May 4. The Dow’s daily performance was its weakest since October 2020.
The Dow Jones Industrial Average sank 1,063.09 points, or 3.12%, to 32,997.97, the S&P 500 dropped 153.3 points, or 3.56 percent, to 4,146.87, and the Nasdaq Composite plunged 647.17 points, or 4.99 percent, to 12,317.69.
After an overnight plunge on Wall Street drove the Dow Jones Industrial Average to its worst day since 2020, Asian stocks broadly sank in early session on May 6. The Hang Seng index in Hong Kong, which plummeted 2.45 percent, led regional losses. The Shanghai Composite fell 1.41 percent, while the Shenzhen Component fell 1.728 percent in mainland China.
The Nikkei 225 index in Japan fell 0.13 percent. The Topix index increased by 0.34 percent. After being off for the majority of this week for vacations, Japanese equities resumed trading on May 6.
The wider index in India opened gap-down with a loss of 256 points, according to SGX Nifty trends. On the Singaporean market, the Nifty futures were trading at 16,435 levels.
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