Time to book gains as India-Pak tension eases? : May 14, 2025

Time to book gains as India-Pak tension eases? : May 14,2025

The Nifty saw profit booking throughout yesterday’s session,ending close to the session low after dropping more than 400 points from intraday highs.

Indian stock market: Following lower-than-expected April inflation figures from the U.S. and India,the Indian benchmark indices,the Sensex and Nifty50,rose on Wednesday,supported by robust performances in financial and IT firms.

Also Read : Sensex, Nifty fall 1% as mid, small-caps rise :

The BSE Sensex jumped 518 points (0.64%) to 81,666 at around 10:20 am, while the Nifty50 increased 184 points (0.75%) to 24,762.

“The benchmark Nifty saw a pullback in yesterday’s trading session after a strong rally in the session before that. Opening with a gap down of 60 points, it witnessed selling pressure throughout the day, closing with a loss of 346 points. Top gainers included Bharat Electronics Ltd., Hero MotoCorp Ltd., and Jio Financial Services Ltd., while top losers were Infosys Ltd., Power Grid Corporation of India Ltd., and Eternal Ltd. On the technical front, Nifty experienced a steep pullback following a strong rally. It has formed a bearish candlestick pattern on the daily chart, indicating the potential for continued bearish momentum in the near term,” said brokerage firm Way2Wealth in a report.

With tensions between India and Pakistan,is it time to book profits?
The Nifty saw profit booking throughout yesterday’s session,ending close to the session low after dropping more than 400 points from intraday highs.

“The Nifty Midcap and Small Cap indices performed better than the Benchmark Indices, as expected. Devarsh Vakil,Head of Prime Research at HDFC Securities,stated, “As the earnings season draws to a close,we anticipate this trend to continue,which has been largely in line with expectations.”

Despite volatility due to ongoing tensions between India and Pakistan,Sameet Chavan,Head Research,Technical and Derivative at Angel One,says the market remains in a positive mood.

The market remained positive due to this undercurrent. We continue to have a positive bias on the benchmark and adhere to our current belief in using a “buy on dips” strategy,even though choppiness may continue,” Chavan stated.

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