Monday’s trading session began on a pleasant note with Sensex touching the 53,000 level and Nifty 50 crossing the 15,900 mark. Global yields, economic outlook, April WPI inflation data, and the ongoing corporate earnings of big businesses may all influence investors’ interest in Indian equities. Banking, financials, realty, telecom, auto, and metal sectors attained more than 1.5 per cent each, indicating widespread buying. 

During the weekend while many of us were busy partying or maybe completing some unfinished household work, Adani Group was busy striking a deal!  

This growth was broad-based coming from both cost per converted user (CPCU) business and non-CPCU business across India as well as international markets.

So, the important question is that if the pullback is in the sight, which stocks should traders keep on their watchlist?  

The shares of telecom, realty & autos were in demand while IT, Teck, and FMCG stocks dragged the market down.

Axis Mutual Fund holds nearly 3.56 per cent stake as per the quarter ended March 2022.  

Activity in the F&O market for the weekly expiry on May 19 shows 15000 to act as support now. 

The global and domestic equity markets witnessed a steep decline this week due to concerns over growth expectations amid rising inflation levels. Sensex and Nifty 50 index declined close to 3 per cent each whereas BSE Midcap & BSE Smallcap indices saw a higher correction in the range of 5-6 per cent. Majority of the sectoral indices traded in the red during the week. 

Tata Elxsi Ltd, AU Small Finance Bank Ltd, and Adani Power Ltd witnessed positive action in today’s session. Let’s find out why! 

We continue to strongly focus on winning opportunities in the USA as it is one of the biggest IT markets in the world, emphasizes Mridul Maheshwari, Senior Manager, Corporate Development, InfoBeans Technologies Ltd.