In FY22 so far, the benchmark index Sensex has slipped over 1.5 percent, whereas midcap and smallcap indices have gained 1.6 percent and 7.5 percent, respectively. As we are in the initial days of the fiscal year 2022, Moneycontrol studied the data for the first half of each of the last three fiscal years. We found that 11 stocks from the BSE universe consistently surged over 15 percent during the first six months of each of last 3 years. We considered only companies with a market-cap of over Rs 1,000 crore. (Data Source: ACE Equity)
The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a negative opening for the index in India with a 79 points loss.
The BSE Sensex rallied 623 points, or 1.26 percent, to 50,203.73 on May 18 while the Nifty50 jumped 184.90 points, or 1.24 percent, to 15,108.10.
According to pivot charts, the key support levels for the Nifty are placed at 15,055.47, followed by 15,002.83. If the index moves up, the key resistance levels to watch out for are 15,148.97 and 15,189.83.