Stock market today: Trade setup for Nifty 50 to India VIX, five stocks to buy or sell on Wednesday — May 22

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Stock market today: The Indian stock market's key indices, Sensex and Nifty 50, maintained a stance of cautious trading on Tuesday, May 21st, as the majority of stocks experienced declines. The Sensex concluded the day with a marginal decrease of 53 points, or 0.07 percent, settling at 73,953.31, while the Nifty 50 saw a slight uptick of 27 points, or 0.12 percent, closing at 22,529.05. According to data on the BSE website, the market capitalization of companies listed on the BSE, reached a new high of $5 trillion, surpassing the $5 trillion mark for the first time this year and increasing by over $633 billion from the starting of this year.

Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — May 22 “The $5 trillion market cap for BSE listed companies is a major milestone that reflects the sustained momentum of the Indian stock market. It is important to understand that this landmark has been achieved when the market is almost flat trading in a range. This means the contribution to the up move in market cap has come from the broader market.

PSUs have contributed significantly to this achievement," said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. On the Nifty outlook, Rupak De, Senior Technical Analyst, LKP Securities, said, "The index remained within the range of 22,400 and 22,600. Strong put writing at 22,400 and 22,500 might provide support to the Nifty.