May 11: Will the stock market climb for the fifth consecutive day? Learn by signs

There are signs of opening with the weakness of the market.

The Indian stock market had closed in the green mark on Monday on the previous day. It was also the bounce for the fourth consecutive day in the market. The benchmark indices BSE Sensex and NSE Nifty were up around 0.7% at the close of the market. Like Friday, most of the metal stocks rose again. The bounce has made the Sensex 49,500 while the Nifty 50 index has come above 14,900.

As in the past, quarterly results, Covid’s position and the pace of vaccination will have an impact on the market. Investors will also be watching the data and technical charts related to the economy.

What is happening in foreign markets?

Asia markets are showing a decline in the morning. Markets in Japan, South Korea, Thailand and Taiwan are trading in the red mark.

The US S&P 500 index weakened 1.04% in the last trade. The Dow Jones Industrial Average (DJIA) index lost nearly 0.10%.

The SGX Nifty of Singapore is trading at 14,831.50 with a gain of 1.05% at 7:00 in the morning, giving an early signal to the Indian market.

It also has an impact on the market-

According to Moneycontrol, there are 14,900.9 and 14,859.5 support levels for the Nifty on May 11, which may break the index after going down. Similarly, there are 14,975.3 and 15,008.3 resistance levels, due to which the Nifty can get a jump by reaching the top.

On May 10, 583 crore shares were bought by foreign institutional investors (FII). In contrast, domestic institutional investors (DIIs) sold stocks worth Rs 476 crore.

On May 10, Aditya Birla Sunlife Mutual Fund sold 5 lakh shares of Solara Active Pharma Sciences 84 thousand shares at a rate of Rs 1552 in a bulk deal. In another deal, TPS Growth Fund sold more than 13 lakh shares of this company at the rate of Rs 1557.

These stocks will be watched

HFCL:Net profit of the company increased from 5 crores to 84 crores in the last quarter compared to the same quarter of the previous year to 84 crores. Revenue has come down from 663 crore to 1391 crore.

Chambal Chemical and Fertilizer:The company’s net profit was 448 crores in the March quarter as compared to 197 crores in the fourth quarter of the previous year. Revenue has come down from 1969 crore to 1640 crore.

Interglobe Aviation: The board approved raising up to 3000 crores through qualified institutional placements.

Indian Overseas Bank: The board will meet on May 17 to consider issuing shares on preferential basis in lieu of the capital infusion of Rs 4100 crore received from the government.

Announcement of quarterly results:

Siemens, Alembic, Godrej Consumer Products, Granules India, Kalpataru Power Transmission, KEC International, Mahindra EPC Irrigation, Matrimony.com, Newland Laboratories, Orient Abrasives, Transcorp International, Ultra Cab (India), etc. on Tuesday, its January-March quarter results Will announce The results can have an impact on the share prices of these companies.