business

Live: Nifty to continue its march towards 22,300? Cipla in focus; Aadhar, TBO Tek Debut | Opening Bell

Indian equity market is poised for a fourth straight day of gains. The GIFT Nifty is trading higher amid strong global cues. The momentum, which has picked up pace, especially after hitting the low around 21,800 and continued for three days in a row, is expected to be seen in the coming sessions too. The Nifty 50 inched closer to 22,300 on May 14 and the same is expected to be a hurdle on the higher side as closing above the same can take the index to 22,400-22,500, with support at 22,100-22,000 levels, experts said. On May 14, the BSE Sensex rallied 328 points to 73,105, while the Nifty 50 rose 114 points to 22,218. The broader markets outperformed the benchmark indices as the Nifty Midcap 100 and Smallcap 100 indices gained 1 percent and 2 percent respectively. Among stocks in news watch out for Cipla, Bharti Airtel and stocks that have made it to the MSCI India index. Two new listings today – Aadhar Housing and TBO Tek. Meanwhile Virat Kohli-backed Go Digit’s IPO kicks off for subscription. Catch Nandita Khemka decode the cues for trade with Rajesh Palviya, Senior VP-Research-Head Technical & Derivatives, Axis Securities and Mayuresh Joshi, Head of Equity Research, William O’Neil India.

first published: May 15, 2024 09:12 am