Sensex increased by 110 points after a promising start

Mumbai, May 14. Tuesday’s gains in the Indian stock indexes are a reflection of the market’s overall upward trend.

Sensex had gained 110 points, or 0.14 percent, to 72,887 points at 9:50 a.m., while Nifty had gained 30 points, or 0.14 percent, to 22,134 points.

Benchmark indexes underperformed broader markets. 539 stocks were in the red mark and 1,590 stocks were in the green mark on the NSE.

At 49,843 points, the Nifty Midcap 100 Index saw an increase of 108 points, or 0.22 percent, while the Nifty Smallcap 100 Index saw an increase of 140 points, or 0.87 percent, at 16,178 points.

Thirteen Sensex stocks were opened, with 19 in the green and 11 in the red.

The top five gainers were Power Grid, JSW Steel, NTPC, HCL Tech, and SBI. The top five losses were Asian Paints, Axis Bank, Nestle, ITC, and ICICI Bank.

Market experts state that “the pattern of sustained buying by DIIs and sustained selling by FIIs in May continues.” Thus, in the cash market in May, FIIs sold stock for Rs 29,474 crores, while DIIs purchased it for Rs 22,973 crores. This pattern is probably going to persist, and extreme volatility is guaranteed by the surge in the India VIX.

The best course of action for investors under these conditions is to monitor and wait for a trend shift, which might occur at any moment. Before June 4, when the votes are counted, election patterns should become clear, and this might have a significant impact on the market. Right now, it would be wise to purchase on declines.”