NIFTY 50

Sonia Shenoy's market update for May 22: Sensex, Nifty set for positive start; Tech Mahindra, DHFL in focus

Indian shares are set to start on a positive note on Wednesday as investors await final results of the 2019 Lok Sabha elections.

Broader market sentiment has been positive since exit poll results of the general elections predicted continuation of the Narendra Modi government with the Bharatiya Janata Party expected to win majority seats.

Indian benchmark indices BSE Sensex and NSE’s Nifty 50 fell nearly 1 percent in the previous session after hitting record highs intraday as investors booked profits after a rally on Monday.

Tech Mahindra, DHFL, IDFC First Bank are among the top stocks to watch out for in today's trade.

Stocks in Asia were on shaky ground as earlier relief over Washington's temporary relaxation of curbs against China's Huawei failed to offset deeper worries about trade frictions between the world's two largest economies.

At 06:55 AM, the SGX Nifty was up 32 points, or 0.27 percent, at 11,758.50, suggesting a positive start for the Sensex and the Nifty 50.


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