Buy or sell: BPCL to Cipla, Vaishali Parekh recommends three stocks to buy today — May 22
Buy or sell stocks for today: Domestic equity benchmarks Nifty 50 and Sensex witnessed cautious trade and settled flat in the previous session with most stocks suffering losses. Weak global cues from Asian and European markets, lack of fresh triggers, and the market's rich valuation capped further gains. The US Federal Reserve policy minutes, expected to be out later tonight, will offer investors hints on the timing and extent of interest rate cuts this year.
Sensex closed 53 points, or 0.07 per cent, lower at 73,953.31, while the Nifty 50 ended the day 27 points, or 0.12 per cent, higher at 22,529.05 on Tuesday. However, in the broader markets, the mid and smallcap indices hit their fresh record highs during the session. The BSE Midcap index hit its fresh all-time high of 43,223.69 before settling 0.34 per cent higher at 43,191.88.
The BSE smallcap index hit its fresh record high of 48099.29 during the session but could not hold gains and settled with a loss of 0.18 per cent at 47,873.56. Also Read: Jefferies bullish on CMS Info Systems: Target price hiked by 40% to ₹600, re-rating ahead; here's why Sectorwise metals, PSU banks, energy and media were among the major gainers while private banks, FMCG and financial services were among the major laggards. The market's fear gauge or the volatility index, ‘India VIX’, hit its fresh 52-week high of 22.30 during yesterday's session.
At close, it was 6.26 per cent up at 21.81. During the session, the overall market capitalisation of the firms listed on the BSE hit the milestone of $5 trillion for the first time, driven by all-round buying seen in the mid and small-cap segments. At closing, the total valuation of the exchange-listed companies stood at an all-time high of
. Read more on livemint.com
