Markets cooled off again during day's end, Nifty ended in red below 22,900. Nifty Midcap snapped its 12-session gaining streak. It is likely to expect more correction at least for the next 2 weeks. As far as Global cues are concerned, US markets closed mixed but Nasdaq crossed 17k for the first time. Asian markets are also trading under pressure while Gift Nifty indicates a muted start. Stocks in focus are Tata Steel and Hindlaco. Also, watch out for earnings reaction to IRCTC, Bata India, Mazgaon Docks among others. Moneycontrol's Stacy Pereira speaks Ajit Mishra, Technical Research at Religare Broking and Siddhartha Khemka, Head of Retail Research, Broking & Distribution at MOFSL on Opening Bell.
first published: May 29, 2024 01:46 pm
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