Mahesh Patil of ABSL AMC anticipates a narrow market range driven by stock-specific performance, where strong earnings are rewarded. While sectors like banking, IT, and auto may see muted growth, oil & gas and cement could outperform.
In the Nifty500 pack, nine stocks’ closing prices crossed above their 200 DMA (Daily Moving Averages) on May 22, 2026, according to stockedge.com’s technical scan
Oil prices dipped to two-week lows as U.S.-Iran peace talks showed progress, potentially reopening the vital Strait of Hormuz. Despite optimism, significant hurdles remain, with
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