Nifty is likely to consolidate and remain rangebound until it decisively surpasses the 22,600 level, as it currently still hovering around this important support level. As for the handover, reacting to Fed minutes, US stocks closed lower as well as oil prices tumbled. But Nvidia Corp's shares rose over 4% in the extended trading after the megacap chipmaker forecast quarterly revenue above estimates. Stocks in focus: Power Grid, Nykaa, Gland Pharma, reacting to their earnings. Whereas reporting their earnings will be ITC, InterGlobe Aviation, and Honasa Consumer the parent of Mamaearth. Moneycontrol's Stacy Pereira speaks with Ajit Mishra SVP, Technical Research, Religare Broking and Sandip Agarwal Fund Manager, Sowilo Investment Managers on Opening Bell.
first published: May 23, 2024 09:15 am
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