21/05/26, Multibagger Defence Stock Surges over 100%

Although the broader markets have remained range-bound lately, shares of Apollo Micro Systems continued to scale record highs as investor demand for the counter on Dalal Street kept rising, driven by the company's strong growth prospects and massive returns.

Extending its bull run for the fourth straight session on Thursday, the stock touched another record high of ₹377.70 apiece, marking its third consecutive all-time high.

The continued rally in the defence stock signals that investors remain optimistic about the company's growth prospects and its strategic transition from a component supplier to a full-fledged system integrator.

Its expanding role, robust order pipeline, and improving margin trajectory have also kept analysts bullish on the stock. Taking the latest record price into account, the shares have rebounded 110% from their March lows, marking one of the strongest recoveries the stock has witnessed in recent years.

The rally came after the stock remained under prolonged pressure between September 2025 and March 2026, during which it had lost nearly 42% of its value. Nevertheless, the stock recovered all of its six-month losses in April alone by surging 63%, marking its biggest monthly gain since June 2023.

The momentum has further extended into the current month, with the stock gaining another 21% so far, pushing its year-to-date returns to 32% and significantly outperforming the Nifty Midcap 100, which has risen a modest 1.5% during the same period.

With its strong ability to recover from sharp corrections, the stock has managed to deliver positive annual returns in each of the last six years, including two multibagger yearly performances.

Apollo Micro Systems Q4 Results FY26

The company reported a healthy set of numbers for the March quarter, with consolidated revenue from operations rising to ₹293.26 crore from ₹161.77 crore in the corresponding quarter last year, registering a sharp 81.3% year-on-year growth.

Profit after tax (PAT) surged to ₹36.79 crore from ₹13.96 crore, marking a robust 163.5% YoY jump. For the full financial year FY26, the defence company reported consolidated revenue from operations of ₹904.32 crore, compared to ₹562.07 crore in FY25, reflecting a strong 60.9% annual growth.

On the bottom line, net profit jumped to ₹107.38 crore from ₹56.36 crore, registering a strong 90.5% year-on-year increase.

Following the results, domestic brokerage firm Choice Institutional Equities revised its FY27E and FY28E EPS estimates upward by 27.5% and 19.5%, respectively, and now expects revenue, EBITDA, and PAT to expand at a CAGR of 52.9%, 52.9%, and 54.6%, respectively, over FY27-FY29E.

However, the brokerage downgraded its rating on the stock to 'Add' from 'Buy' following the recent sharp rally in the shares, although it still expects the stock to reach the ₹365 level.

Report by Mint

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of us. We advise investors to check with certified experts before making any investment decisions.

21/05/26, Gold Prices Today

 Gold prices in the retail market continued their southward trajectory. 24 carat gold as cited by Goodreturns.in was priced at ₹15,836 per gm, down by ₹108 per gm over the previous close.

Likewise, 22 carat gold also fell and quoted at ₹14,516, declining by ₹99 per gm. Meanwhile, 18 carat gold also recorded a fall in price by ₹81 per gm and was retailing at ₹11,877 per gm.

Gold prices in India in the physical market are determined based on the global spot price, combined with import duties, currency exchange rate adjustment and adding local jeweller mark-ups.

24 carat, 22 carat, 18 carat gold price across major cities

Cities	24 Carat	22 Carat	18 Carat
Delhi	₹1,59,590	₹1,46,300	₹1,19,730
Mumbai	₹1,59,930	₹1,46,600	₹1,19,950
Kolkata	₹1,59,930	₹1,46,600	₹1,19,950
Chennai	₹1,60,900	₹1,47,490	₹1,23,340
Hyderabad	₹1,59,930	₹1,46,600	₹1,19,950
Pune	₹1,59,930	₹1,46,600	₹1,19,950
Bangalore	₹1,59,930	₹1,46,600	₹1,19,950

Gold rates at major jewellery brands

As of May 21, 2026, here below are the latest rates across major brands.

Tanishq: 22 carat gold is priced at ₹1,47,050 per 10 gm. 24 carat gold quoted at ₹1,60,420 per 10 gm. 18 carat gold is priced at ₹12,03,100

Joyalukkas: 22 carat gold is priced at ₹1,46,600 per 10 gm. 24 carat gold quoted at ₹1,59,930 per 10 gm. Meanwhile, 18 carat gold is retailing for ₹1,19,950.

Malabar Gold: 22 carat gold is priced for ₹1,46,600 and 24 carat gold is retailing at ₹ 1,59,930 per 10 gm.

Kalyan Jewellers: 22 carat gold is priced for ₹1,46,600 and 24 carat gold is retailing at ₹1,59,930 per 10 gm. The price of 18 carat gold is ₹1,19,950 per 10 gm.

Factors influencing gold rate today

On the MCX, gold June futures at around 10 am traded weak with a cut of 0.23% or ₹371 at ₹1,59,635/ 10 gm. After closing at ₹1,60,006 in the previous session, the prices in early trade touched the day's low and high price of ₹1,59,491 and ₹1,59,992 per 10 gm.

Gold prices eased slightly even as energy-driven inflationary concerns and lingering geopolitical tensions continued to weigh on the bullion. Meanwhile, the US treasury yields softened from multi-year highs and the US dollar fell from a six-week high.

Last at around 10:29 am, the dollar index held steady at 99.17, up 0.03%.

On Wednesday, the US President Donald Trump said talks with Iran were nearing conclusions but warned of launching further attacks in a case if Iran did not agreed to a deal. He also added that the US could wait for a few more days to "get the right answers."

US gold future, meanwhile, traded with a cut of 0.12% at $4,540.5 per ounce.

Source:Upstox

21/05/26, ITC Q4 RESULTS -VE

 ITC Ltd on Thursday reported a 74 percent decline in its standalone net profit to Rs 5113.36 crore for the March 2025 quarter, as higher taxes weighed on margins in its core cigarettes business.

The diversified entity, which makes Gold Flake cigarettes, had posted a net profit of Rs 19,562 crore in the January-March period a year ago, ITC said in an exchange filing.

The company reported cigarette revenue of Rs 11,066 crore in Q4 FY26, compared with Rs 8,400 crore in the January–March quarter of the previous year.

The company had recorded a one-time gain of Rs 15,179 crore in the year-ago quarter following the demerger of its hotels business.

The company also recommended a final dividend of Rs 8 per equity share for the financial year ended 31st March, 2026.

The Final Dividend, if declared, will be paid between Friday, 24th July, 2026 and Wednesday, 29th July, 2026," the company said.

"Together with the Interim Dividend of Rs 6.50 per Ordinary Share declared by the Board on 29th January, 2026, the total Dividend for the financial year ended 31st March, 2026 would be Rs 14.50 per Ordinary Share of Re 1/- each," it added.

The company has fixed Wednesday, 27th May, 2026, as the record date for the purpose of determining the eligibility of the shareholders for the said dividend.

Shares of  ITCsettled marginally higher at Rs 307.65 per share on the NSE, up 0.033 percent.

Report by Paras Bisht for Network18 

Disclaimer: The views and investment tips expressed by investment experts are their own and not  of us.  We advise investors  to check with certified experts before taking any investment decisions.

21/05/26, EconomicTimes Report on Nifty Prediction for Today

  Indian benchmark equity indices recovered all intra-day losses with the NSE Nifty ending higher by 41 points after strong buying interest emerged at lower levels despite weak global cues, record rupee weakness and continued foreign fund outflows.

Market experts believe Thursday's session could remain volatile but with a cautiously positive undertone as the index continues to defend crucial support zones and form higher lows on the charts.

Nifty50 at close on Wednesday, May 20

Supported by gains in oil & gas and auto stocks, the Nifty closed at 23,659, up 41 points, or 0.17 per cent. During the session, the index touched an intra-day high of 23,690.90 and a low of 23,397.30.

The Sensex also ended near the day's high at 75,318.39, gaining 117.54 points, or 0.16 per cent.

Nifty50 top gainers and losers on Wednesday, May 20

Among the top gainers on the Nifty index were Hindalco Industries and Bajaj Auto, which supported the broader market recovery.

👉Nifty Prediction for Thursday, May 21 by experts

Technical analysts point out that Wednesday's long bullish candlestick pattern on the daily charts confirms strong accumulation on dips, setting a higher floor for Thursday's trade.

👉Nifty Prediction for Thursday, May 21 by Sachin Gupta

According to Sachin Gupta, VP - Research, Technical Research, at Choice Broking Private Limited, Indian equity benchmark Nifty index witnessed a positive close on 20th May 2026. The index opened with a gap-down of 160.75 points at 23,457.25, reflecting weak sentiment at the start of the session. The selling pressure in the opening minutes dragged the index to an intraday low of 23,397.30.

"However, strong buying interest emerged from lower levels thereafter, helping the index recover steadily throughout the day. The recovery momentum remained intact through the session as the index filled the morning gap-down and climbed to an intraday high of 23,690.90. The index eventually settled at 23,659.00, ending the day with a gain of 41 points or 0.17%," Gupta stated.

On the daily timeframe, Gupta stated the index formed a bullish candlestick pattern after recovering sharply from lower levels and filling the opening gap-down. The formation indicates buying strength emerging at lower levels and improving short-term sentiment in the market.

From a technical perspective, immediate support is placed in the 23,350-23,400 zone, while resistance is observed in the 23,900-23,950 range.

"The Relative Strength Index (RSI) stands at 45.64, indicating gradual improvement in momentum though the index still trades below the stronger bullish zone. The volatility index, India VIX, declined by 1.26% to close at 18.44, indicating slight easing in market volatility and improving stability in broader sentiment. In the derivatives segment, notable call writing was observed at the 23,700 and 23,800 strikes, while put writing was concentrated at the 23,600 and 23,500 levels, indicating immediate support shifting higher with resistance near upper levels," the analyst said.

Sectorally, the market witnessed mixed performance across sectors. Strength was visible in Oil & Gas, Metals, PSU Banks, Financial Services, and Realty stocks, while weakness persisted in Media, FMCG, IT, Chemicals, and Consumption-related sectors. Market breadth remained slightly positive overall, with advancing stocks marginally outnumbering declining stocks, indicating selective buying interest in the broader market, he added.

• 20 Day EMA - 23,817.82
• 50 Day EMA - 24,031.36
• 100 Day EMA - 24,416.74
• 200 Day EMA - 24,649.84

👉Bank Nifty Prediction for Thursday, May 21 by Sachin Gupta

Gupta said, the Bank Nifty index opened with a gap-down of 393.45 points at 53,015.70, reflecting weakness in the banking space at the start of the session. The index registered its intraday low of 52,836.10 within the opening minutes amid initial selling pressure.

"However, buying interest emerged strongly from lower levels thereafter, helping the index recover steadily throughout the session. The recovery momentum pushed the index to an intraday high of 53,640.90 after filling the morning gap-down. The index eventually settled at 53,562.20, ending the session with a gain of 153.05 points or 0.29%. On the daily timeframe, Bank Nifty formed a bullish candlestick pattern, indicating buying support emerging from lower levels. The recovery from intraday lows and closing near the day's high reflects strengthening momentum in the banking index," he stated.

From a technical perspective, Gupta stated immediate support is placed in the 52,800-52,900 zone, while resistance is observed in the 54,250-54,350 range. The Relative Strength Index (RSI) stands at 41.29, indicating weak-to-neutral momentum though signs of recovery are gradually emerging from lower levels.

"Markets witnessed another volatile session with both benchmark indices opening sharply lower amid weak global and domestic sentiment. However, strong buying interest from lower levels helped the indices recover significantly during the session and erase most of the opening losses. The recovery in benchmark indices along with a decline in volatility indicates improving confidence among market participants, though broader participation remained selective. Going forward, sustained movement above immediate resistance zones will remain crucial for confirming stronger recovery momentum in the market," Gupta concluded.

👉Nifty Prediction for Thursday, May 21 by Nagaraj Shetti

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, emphasised that the index has successfully established a well-defined consolidation band, and traders should look for a clear breakout on Thursday to confirm directional momentum.

"After witnessing a weakness from the highs on Tuesday, Nifty shifted into a fine recovery from the lows again on Wednesday and closed the day higher by 41 points. After a weak opening, the market shifted into a sustainable recovery from the lows and that continued for mid to later part of the session. Minor intraday dips in between have been bought into and the Nifty finally closed near the highs. The opening downside gap has been filled completely," Shetti said.

A long bull candle has been formed at the lows on the daily chart, which indicates emergence of buying from the lows. "Nifty has been moving within a high low range of 23800-23200 levels over the last few sessions and is gradually rising by forming higher lows," he added.

"The underlying trend of Nifty is range bound. A decisive breakout of 23800 levels is likely to confirm further upside in the near term. Any weakness from the highs could open small downward correction within a range," Shetti concluded.

👉Nifty Prediction for Thursday, May 21 by Vinay Rajani

Vinay Rajani, Senior Technical Research Analyst - Prime Research, HDFC Securities, said, "For the last five trading sessions, Nifty has again slipped into an alternating pattern of one session of gain followed by one session of loss. Today, the index opened 161 points lower, hit its intraday low in the very first few minutes of trade, and then reversed course sharply. Nifty registered a smart intraday recovery of nearly 300 points from the morning low of 23,397 to finally settle at 23,659, up 41 points. NSE cash-market turnover fell by about 12% compared with the previous session."

Among index heavyweights, Hindalco, Reliance, and Bajaj Auto advanced the most, while BEL, Tech Mahindra, and Eternal emerged as key laggards.

He further said, "Sectoral performance was mixed, with Oil & Gas, Auto, and Realty indices logging the strongest gains, while Nifty Media, FMCG, Chemical, and IT ended in the red. The broader market moved in sync with the benchmark, with the Nifty Midcap 100 rising 0.49% and the Nifty Smallcap 100 holding in positive territory with a minor gain of 0.04%. Market breadth remained neutral, as the BSE advance-decline ratio stood at 1.07."

The rupee closed 29 paise weaker at 96.83 against the dollar, marking a fresh all-time low, with today's intraday low at 96.9650. The sharp rupee weakness likely reflects persistent FII outflows, elevated crude prices, and safe-haven demand for the dollar amid global risk-off sentiment.

"Despite these negative cues, Nifty has managed to absorb supply at lower levels and is forming higher lows on a short-term time frame. Support for the index now moves up to around 23,370, derived from an upward-sloping trend line joining the recent higher swing lows. On the upside, 23,800 is a crucial resistance; a close above this level could extend the pullback towards the 50-day EMA, currently near 24,030," Rajani added.

Broader markets on Wednesday

In the broader market segment, the Nifty MidCap ended 0.49 per cent higher, while the Nifty SmallCap rose 0.04 per cent.
Sectorally, the Nifty Oil & Gas and the Nifty Auto outperformed the market, aided by buying interest in energy and automobile counters.

On the other hand, the Nifty Media and the Nifty FMCG ended among the top laggards during the session.

On Tuesday, the Sensex declined 114.19 points, or 0.15 per cent, to settle at 75,200.85. The Nifty dipped 31.95 points, or 0.14 per cent, to end at 23,618.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. We suggest  readers/investors to consult their financial advisors before making any money related decisions.)

21/05/26, EconomicTimes Report on Stocks to Watch

Indian stocks are likely to remain stock-specific on May 21 as investors react to a fresh batch of quarterly earnings and corporate developments.

Healthcare major Apollo Hospitals Enterprise reported strong profit growth, while Lenskart posted robust revenue expansion despite weaker earnings.

Investors will also track updates from Tata Power, Dr Reddy's Laboratories and Reliance Industries amid broader caution in domestic equities.

Here's the full list of stocks to watch in today's trading session:

Stocks to watch today

Stocks in focus	Why in focus?
Apollo Hospitals Enterprise	Strong Profit Growth
Jubilant FoodWorks	Profit Declines Despite Revenue Growth
Lenskart	Revenue Jumps, Profit Slips
Bosch	Revenue Drives Earnings Growth
Whirlpool India	Profit Drops Sharply
Metro Brands	Healthy Growth Across Business
JK Lakshmi Cement	Profit Weak Despite Stable Revenue
Saatvik Green Energy	Profit Declines Amid Rising Costs
Lenskart	Expands Overseas Investment
Tata Motors PV	JLR Explores US Collaboration
Rail Vikas Nigam Limited	Secures Railway Project
Dr Reddy's Laboratories	Launches Diabetes Drug
Tata Power	Expands EV Charging Network
Reliance Industries	Partners to Grow Baseball in India

Q4 Updates

Apollo Hospitals Enterprise

Strong Profit Growth

Apollo Hospitals posted a 35.9 per cent rise in quarterly profit to Rs 529.3 crore, driven by healthy business growth. Revenue increased 18.1 per cent year-on-year to Rs 6,605.5 crore during the quarter.

Jubilant FoodWorks

Profit Declines Despite Revenue Growth

Jubilant FoodWorks reported a 13.9 per cent drop in quarterly profit to Rs 42.6 crore. However, revenue grew 6.4 per cent year-on-year to Rs 1,679.7 crore, reflecting steady consumer demand.

Lenskart

Revenue Jumps, Profit Slips

Lenskart recorded a 7.5 per cent decline in fourth-quarter profit to Rs 203.6 crore. Despite lower earnings, revenue from operations surged 45.6 per cent year-on-year to nearly Rs 2,516 crore.

Corporate Updates

Bosch

Revenue Drives Earnings Growth

Bosch reported a modest 2.7 per cent increase in quarterly profit to Rs 568.5 crore. Revenue climbed sharply by 13.3 per cent year-on-year to Rs 5,565.7 crore during the reported quarter.

Whirlpool India

Profit Drops Sharply

Whirlpool India posted a 40 per cent decline in consolidated net profit to Rs 66.62 crore for the March quarter. Revenue from operations, however, rose 7.4 per cent to Rs 2,030 crore.

Metro Brands

Healthy Growth Across Business

Metro Brands delivered a 23.5 per cent rise in quarterly profit to Rs 117.7 crore. Revenue also increased strongly by 20.3 per cent year-on-year to Rs 772.98 crore during the quarter.

JK Lakshmi Cement

Profit Weak Despite Stable Revenue

JK Lakshmi Cement reported a 29.4 per cent decline in quarterly profit to Rs 124.1 crore. Revenue remained largely flat, rising marginally by 0.2 per cent to Rs 1,901.5 crore.

Saatvik Green Energy

Profit Declines Amid Rising Costs

Saatvik Green Energy reported a more than 36 per cent fall in consolidated net profit to Rs 60.42 crore in the March quarter. Total expenses increased significantly to Rs 1,538.84 crore during the period.

Corporate Update

Lenskart

Expands Overseas Investment

Lenskart will invest nearly Rs 53 crore to raise its stake in overseas subsidiaries, Owndays and Lenskart Singapore, strengthening its international presence and expanding its global eyewear business operations.

Tata Motors PV

JLR Explores US Collaboration

Stellantis and Tata Motors-owned Jaguar Land Rover will explore collaboration opportunities in product development for the US market, aiming to strengthen innovation and strategic partnerships in the automotive sector.

Rail Vikas Nigam Limited

Secures Railway Project

Rail Vikas Nigam emerged as the lowest bidder for an East Coast Railway project valued at Rs 164.18 crore, reinforcing its position in India's railway infrastructure development sector.

Dr Reddy's Laboratories

Launches Diabetes Drug

Dr Reddy's Laboratories launched its oral semaglutide biosimilar for Type 2 diabetes in India under the Obeda brand, expanding its portfolio in the fast-growing diabetes care market.

Tata Power

Expands EV Charging Network

Tata Power EV Charging Solutions partnered with Indian Oil Corporation to expand the ultra-fast EV charging network along the Delhi-Mumbai Expressway, supporting India's growing electric mobility ecosystem.

Reliance Industries

Partners to Grow Baseball in India

RISE Worldwide, a subsidiary of Reliance Industries, partnered with Major League Baseball to promote and develop baseball in India, aiming to expand the sport's popularity and grassroots participation.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. We suggest readers/ investors  to consult their financial advisors before making any money-related decisions.)

21/05/26, The Mint Report on stocks to Buy today

As markets remain volatile amid global uncertainties and rising geopolitical tensions, market experts have recommended several stocks for the May 21 trading session based on technical indicators and chart patterns.

Analysts from Choice Broking, Prabhudas Lilladher and Anand Rathi have identified select stocks that could remain in focus during today's intraday trade.

Sumeet Bagadia of Choice Broking recommends Triveni Turbine, Laurus Labs

1]Triveni Turbine: Buy at ₹657, stop loss at ₹634 and target ₹705

According to Bagadia, "Triveni Turbine is currently trading at 657. The stock is trading in a strong uptrend with price action forming a series of higher highs and higher lows, indicating sustained buying interest. Recently, the stock has shown a sharp upward move followed by a brief consolidation, suggesting the formation of a bullish continuation pattern as the price stabilizes near higher levels. This structure reflects healthy consolidation after the rally and indicates that the broader trend remains positive."

He further stated that the stock remains well-supported above its key moving averages - the 20-day, 50-day, 100-day, and 200-day EMAs - all of which are trending upward. "A sustained close above the 664 level could lead to further upside, with a near-term target of 705. Traders should closely monitor price action near the current resistance zone for signs of breakout continuation," he added.

Bagadia also noted that immediate support is located at 637, while the Relative Strength Index (RSI) currently stands at 73.65 and is trending upward, reflecting growing buying momentum. "To manage risk effectively, a stop-loss at 634 is suggested to guard against any unexpected market reversals," he said.

"In conclusion, based on the technical analysis and current market conditions, Triveni Turbine presents a promising buying opportunity for those aiming for a 705 target, provided that appropriate risk management strategies are in place," Bagadia added.

2]Laurus Labs: Buy at ₹1,361, stop loss at ₹1,313 and target ₹1,450.

The analyst also recommended buying Laurus Labs. "Laurus Labs is trading at 1361, registering a strong breakout from a consolidation phase with robust volumes, highlighting renewed participation and strong entry of fresh buyers that have fuelled the ongoing momentum. The move is supported by strong bullish candles and rising volumes," Bagadia said.

He further noted that the stock is well-positioned above its 20-day, 50-day, 100-day and 200-day EMAs, all trending upward, which confirms sustained strength across multiple timeframes and reflects solid underlying demand. "With this favourable technical setup, Laurus Labs has achieved its all-time high of 1363.4, and a decisive close above this key level could act as a catalyst for further upside, opening the path toward the short-term target of 1450 and reinforcing the positive outlook," he added.

Bagadia stated that immediate support is located at 1325, while the RSI currently stands at 83.04 and is trending upward, reflecting growing buying momentum. "To manage risk effectively, a stop-loss at 1313 is suggested to guard against any unexpected market reversals," he said.

"In conclusion, based on the technical analysis and current market conditions, Laurus Labs presents a promising buying opportunity for those aiming for a 1450 target, provided that appropriate risk management strategies are in place," he added.

PL Capital's Shiju Koothupalakkal recommends Syrma SGS Technology, Netweb Technologies and TVS Motor

3] Syrma SGS Technology: Buy at ₹1,000, stop loss at ₹978 and target ₹1,060.

According to Koothupalakkal, "The stock has recently corrected well to stabilize near the good support of the 955 zone and thereafter currently has indicated a positive candle formation on the daily chart to improve the bias and can expect further rise in the coming days."

"The RSI has cooled off significantly from the overbought zone and is currently well positioned with a positive trend reversal signaling a buy, with upside potential visible to carry on with the positive move further ahead. With the chart technically looking good, we suggest buying the stock for an upside target of the 1060 level, keeping the stop loss at the 978 level," he added.

4] Netweb Technologies: Buy at ₹3,840, stop loss at ₹3,765 and target ₹4,000.

"The stock, after witnessing a good correction from the 4490 zone, has taken support near the 50EMA at the 3720 level and has indicated a revival with a positive candle formation to improve the bias, expecting another fresh round of upward move in the coming sessions," he said.

The RSI has corrected well from the highly overbought zone and is currently well positioned with a trend reversal indication to signal a buy. With the chart technically looking good and attractive, we suggest buying the stock for the upside potential target of the 4000 level, keeping the stop loss at the 3765 level," he added.

5] TVS Motor Company: Buy at ₹3,361, stop loss at ₹3,300 and target ₹3,500.

The analyst further recommended buying TVS Motor Company. "The stock has recently witnessed a significant correction from the 3730 zone and has arrived near the major and crucial support zone at 3230 levels. Currently indicating a positive candle formation on the daily chart, the stock has shown signs of improvement in bias, anticipating further upward movement in the coming days," he said.

"The RSI indicator has corrected well and is near the oversold zone with a positive trend reversal indicated to signal a buy. With the chart technically looking good with visible upside potential, we suggest buying the stock for an upside target of the 3500 level, keeping the stop loss at the 3300 level," Koothupalakkal added.

Anand Rathi's Ganesh Dongre recommends Syrma, Policybazaar and SBI

6] Syrma SGS Technology: Buy at ₹1,005, stop loss at ₹985 and target ₹1,040.

Ganesh Dongre, too, recommended buying Syrma SGS Technology. "In the recent short-term trend analysis of the stock, a notable bullish reversal pattern has emerged. This technical pattern suggests a temporary retracement in the stock's price, possibly reaching around ₹1040. At present, the stock is maintaining a crucial support level at ₹985," Dongre said.

"Given the current market price of ₹1005, a buying opportunity is emerging. This suggests that investors might consider purchasing the stock at its current price, anticipating a rise towards the identified target of ₹1040," he added.

7] PB Fintech: Buy at ₹1,835, stop loss at ₹1,800 and target ₹1,885.

"Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹1835 and maintaining a strong support at ₹1800," he said.

"The technical setup indicates the potential for a price retracement towards the ₹1885 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at 1800 offers a prudent approach to capturing the anticipated upside," Dongre added.

8] State Bank of India: Buy at ₹950, stop loss at ₹935 and target ₹980

"Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹950 and maintaining a strong support at ₹935," he said.

"The technical setup indicates the potential for a price retracement towards the ₹980 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹935 offers a prudent approach to capturing the anticipated upside," Dongre added.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint and ValiDisclosures. We advise investors to check with certified experts before making any investment decisions.

20/05/26, Top gainers and losers today

  The benchmark indices SENSEX and NIFTY50 closed in the green, reversing their losses, on Wednesday, May 20. It was supported by NIFTY Oil & Gas and NIFTY Energy indices.

The SENSEX advanced as much as 0.27% to hit an intraday high of 75,406.18 during the afternoon session. Meanwhile, NIFTY50 reached the session's peak of 23,690.90.

On May 20, the SENSEX rose by 117.54 points or 0.16% to close flat at 75,318.39, while the NIFTY50 edged higher by 41 points or 0.17% to end at 23,659.

NIFTY50 top gainers and losers

The NIFTY50 pack was led by Hindalco Industries, which closed 3.50% higher, following the release of the financial results of Novelis Inc, the wholly-owned subsidiary of the metals giant. It reported a consolidated net loss of $84 million for the quarter ended March 31, 2026, due to fire incidents at its plant in Oswego, New York. However, the consolidated net sales rose to $4,787 million from $4,587 million in the year-ago period.

Reliance Industries surged 2.84% and was followed by Bajaj Auto (2.52%), Grasim Industries (1.63%) and Trent (1.07%), which were among the other top gainers.

On the contrary, the top losers included Bharat Electronics (-2.27%), Tech Mahindra (-1.92%), Eternal (-1.50%), Tata Steel (-1.09%) and SBI Life Insurance Company (-1.08%).

Shares of Bharat Electronics (BEL) fell, as it reported a consolidated net profit of ₹2,225.22 crore in the fourth quarter of FY26, marking a 4.61% year-on-year (YoY) jump from ₹2,127.04 crore in the same period of the preceding year. Analysts at Goldman Sachs noted that BEL's profit after tax (PAT) missed estimates due to higher depreciation and lower other income.

NIFTY Midcap 100 top gainers and losers

The NSE Midcap gauge ended at 61,323.30, marking a 301.30-point or 0.49% jump.

It was supported by gains in Tata Communications (7.55%), GE Vernova T&D India (7.06%), Hitachi Energy India (7.01%), Mankind Pharma (3.54%) and Hindustan Petroleum Corporation (3.23%), which were the top winners.

On the flipside, PI Industries (-7.51%), Mahindra & Mahindra Financial Services (-3.46%), ICICI Lombard General Insurance Company (-2.57%), Adani Total Gas (-2.26%) and Swiggy (-1.88%) were among the top laggards.

NIFTY Smallcap 100 top gainers and losers

The NIFTY Smallcap index increased by 7.35 points or 0.04% to close at 17,870.90.

Its top gainers included Data Patterns (5.70%), Aptus Value Housing Finance India (5.48%), Godawari Power And Ispat (4.28%), Sarda Energy & Minerals (2.98%) and Welspun Corp (2.97%).

On the contrary, Afcons Infrastructure (-3.26%), Kaynes Technology (-2.74%), Cholamandalam Financial Holdings (-2.53%), Ramco Cements (-2.37%) and Karur Vysya Bank (-2.30%) were among its top losers.

Source: Upstox 

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Disclaimer: This article is purely for informational purposes and should not be considered investment advice. Please consult with a financial advisor before making any investment decisions.

20/05/26, PostMarket Report

 The domestic markets witnessed a volatile session on Wednesday, with benchmark indices settling marginally higher amid mixed signals.

After a gap-down start, the Nifty gradually recovered as the session progressed and eventually settled near the day's high at 23,659, up 41 points or 0.17 percent.

👉Key reasons behind market paring losses

1) Value buying: Value buying at lower levels helped the indices recover part of the early losses. On Tuesday, the Sensex had declined 114.19 points or 0.15 percent to settle at 75,200.85, while the Nifty dipped 31.95 points or 0.14 percent to close at 23,618.

2) Strong support at 23,400: Analysts said 23,400 remains strong support for Nifty 50 and more selling is possible if there's a decisive fall below this level.

"Technically, the 23,400–23,300 zone remains a crucial support band for the bulls; a decisive breach could drag the index toward 23,100–23,000. On the upside, unless Nifty reclaims 23,750 decisively, momentum is likely to remain capped, while only a sustained move above 23,900–24,000 would meaningfully improve the near-term outlook," said Rajesh Palviya, Head of Research, Axis Direct.

3) Hopes of easing geopolitical concerns: Two Chinese tankers laden with oil exited the Strait of Hormuz, according to shipping data, brightening ‌hopes that ⁠the U.S.-Israeli conflict with Iran may soon be resolved, reported Reuters.

4) Crude oil prices decline: The brent crude prices dropped below $110 per barrel to 109.77, down 2.51 percent.

source: Network18 

Disclaimer: The views and investment tips expressed by investment experts are their own and not those of  us. We advise readers and investors  to check with certified experts before taking any investment decisions.

You May Li

20/05/26, Kaynat Chainwala, AVP - Commodity Research, Kotak Securities, believes that volatility in gold and silver prices is likely to persist in the near term, driven by elevated oil prices, which have pushed inflation expectations higher, keeping the dollar firm and raising the opportunity cost of holding non-yielding assets.

 In an interview with Mint, Chainwala further said that the government's recent import restrictions and customs duties hike can slow dollar outflows; however, the ability to meaningfully stabilise the rupee is limited, especially if global dollar strength persists or foreign capital inflows remain weak. Edited excerpts:

Can the government's import duty restriction on gold and silver contain outflow of the US dollar and free fall in rupee?

The duty hike on gold and silver can help slow dollar outflows in the near term, because higher duties and tighter controls usually cool import demand and reduce the immediate pressure on the current account. However, its ability to meaningfully stabilise the rupee is limited, especially if global dollar strength persists or foreign capital inflows remain weak. More importantly, India's external balance remains far more sensitive to crude oil prices than to bullion imports. So, gold and silver can amplify the pressure, but crude is still the main swing factor as energy imports remain the dominant driver of dollar outflows. As long as crude prices stay elevated and disruptions around the Strait of Hormuz continue, the rupee is likely to remain vulnerable despite higher bullion duties.

Will the recent restrictions impact retail behaviour?

The impact should be visible fairly quickly. Higher local prices typically push buyers to delay purchases, buy lighter jewellery, or shift allocation toward ETFs or digital gold. But this is demand deferred, not demand destroyed. India has experienced similar cycles before, with duties raised in 2012-13, increased again in 2022, and subsequently reduced in 2024. On each occasion, physical demand weakened temporarily before gradually recovering. The current restrictions are therefore more likely to alter the timing and form of demand rather than eliminate it.

Both gold and silver have remained highly volatile since the onset of the US-Iran war. Are metals losing their shine as safe-haven assets?

Not structurally, but their behaviour in this cycle has been less straightforward. The war itself has created conditions that work against gold: elevated oil prices have pushed inflation expectations higher, keeping the dollar firm and raising the opportunity cost of holding non-yielding assets. Liquidity stress has also periodically forced sales of gold and silver for cash. That said, global gold demand hit a record in Q1 2026, with bar and coin demand up 42% year-on-year. Central bank buying has continued uninterrupted. Those are not the patterns of an asset losing its monetary credibility.

From a macroeconomic standpoint, what is the single biggest trigger for bullion that will set the definitive direction for the rest of the year?

De-escalation carries the greater directional significance for bullion prices this year, although the Federal Reserve will determine the extent of any sustained move. Continued conflict keeps energy prices elevated, reinforces inflationary pressures, limits the Fed's flexibility, and supports the US dollar. Markets are currently pricing in roughly a 40% probability of a rate hike before year-end, which continues to cap upside momentum in bullion while the Strait remains constrained. A reopening of the Strait would materially ease that pressure. In this environment, the Fed defines the macroeconomic backdrop, while geopolitics determines the market direction.

How much more volatility in both gold and silver can we expect in 2026?

Volatility is likely to remain elevated and potentially exceed levels markets have become accustomed to in recent years. The combination of an unresolved conflict, a contested Fed policy path, and India's duty shock has significantly reduced visibility across asset classes. Gold should prove the more stable of the two, supported by deeper liquidity and institutional ownership. Silver is the more erratic as its additional sensitivity to industrial demand makes it responsive to global growth expectations on top of the monetary and geopolitical drivers. In this environment, risk management takes priority over conviction positioning.

Can both bullions touch new record highs this year?

Both metals have already set records this year and pulled back sharply. Gold's all-time high stands at $5,585 against a current price near $4,532. Silver hit $121.6 before pulling back into structural consolidation. Although fresh highs remain achievable, sustained upside is unlikely while elevated energy prices continue to fuel inflation concerns and keep the Federal Reserve cautious. The stronger monetary tailwind required for another extended rally in bullion is unlikely to emerge until those pressures begin to ease.

Source: Mint

Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies. We advise investors to check with certified experts before making any investment decisions.

20/05/26, Gold Price Today

Gold prices edged higher on Wednesday, May 20, supported by weakness in the US dollar. However, the yellow metal has remained under pressure, declining in five of the last seven trading sessions amid rising oil prices, geopolitical tensions in the Middle East, and changing expectations around US interest rates.

Gold Prices Today

As of 5:15 am, spot gold was trading 0.3 per cent higher, gaining USD 11.8 to reach USD 4,493.71 per ounce. Despite the uptick, bullion prices remain near their lowest levels since March 30.

In the domestic market, gold futures on the Multi-Commodity Exchange (MCX) settled 0.4 per cent higher, rising by Rs 56 to Rs 1,59,136 per 10 grams.

Why gold prices are rising today

The primary support for gold came from a slightly weaker US dollar. The dollar index slipped to around 99.29, making gold more affordable for overseas buyers. Since gold is priced in dollars globally, a weaker greenback generally boosts demand for the precious metal.

Middle East tensions boost crude prices

Geopolitical tensions in the Middle East also remained in focus after US President Donald Trump reportedly warned Iran it has "two or three days" to reach a deal to end the conflict or face renewed attacks.

The current situation has also pushed crude oil prices sharply higher, limiting gains in bullion.

WTI crude oil was trading near USD 104 per barrel, while Brent crude futures moved above USD 111 per barrel.

Higher crude oil prices increase inflationary pressures globally and reduce expectations of near-term interest rate cuts by the US Federal Reserve. Elevated interest rates tend to strengthen the US dollar and raise the opportunity cost of holding non-yielding assets such as gold, creating downward pressure on bullion prices.

Fed rate cut expectations weigh on bullion

Market participants are also reassessing expectations for US Federal Reserve rate cuts. According to a Reuters report, traders now see limited chances of rate reductions through most of 2026, with some expectations shifting toward a prolonged pause or even tighter monetary policy later in the year.

This outlook has capped gains in gold prices despite ongoing geopolitical uncertainty.

Silver Prices Today

Silver prices also moved higher on Wednesday. Spot silver gained 0.7 per cent, or USD 0.5, to trade at USD 74.19 per ounce.

Fed meeting minutes in focus

Investors are now closely watching the release of the Federal Reserve's latest policy meeting minutes later in the day. The commentary from policymakers could provide fresh clues on future interest rate decisions and determine the near-term direction for gold and silver prices.

22K Gold Rates at Major Jewellers (Per Gram)

Jewellery Brand	Price (Rs per gram)
Tanishq	14420
Malabar Gold & Diamonds	14375
Kalyan Jewellers	14375

City-wise 24K, 22K and 18K Gold rate (Per 10 Grams)

City Name	24k gold price India (10 grams)	22k gold price India (10 grams)	18k gold price India (10 grams)
Gold Price in Chennai	162220	148700	124100
Gold Price in Noida	157190	144100	117930
Gold Price in Delhi	157190	144100	117930
Gold Price in Mumbai	157040	143950	117780
Gold Price in Kerala	157040	143950	117780
Gold Price in Kolkata	157040	143950	117780
Gold Price in Hyderabad	157040	143950	117780
Gold Price in Patna	157090	144000	117830
Gold Price in Lucknow	157190	144100	117930

Gold prices are highest in Chennai across 24k, 22k, and 18k categories, while most other cities show nearly identical rates. Delhi, Noida, and Lucknow are slightly costlier than Mumbai, Kolkata, Hyderabad, and Kerala markets.

Today gold rate by IBJA

The India Bullion and Jewellers Association (IBJA) sets the daily "base price" of gold in India, which serves as the national benchmark for bullion rates. In simple terms, IBJA rates act as the reference price across the country. Below is a breakdown of gold prices based on different purity levels (carats) as defined by IBJA.

Purity by carat	Morning Rates	Evening Rates
24 carat gold	Rs 1,58,907 per 10 grams	Rs 1,59,077 per 10 grams
23 carat gold	Rs 1,58,271 per 10 grams	Rs 1,58,440 per 10 grams
22 carat gold	Rs 1,45,559 per 10 grams	Rs 1,45,715 per 10 grams
18 carat gold	Rs 1,19,180 per 10 grams	Rs 1,19,308 per 10 grams
14 carat gold	Rs 92,961 per 10 grams	Rs 93,060 per 10 grams

IBJA Prices updated here are as of May 17

Source: EconomicTimes

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. We suggest its readers/investors to consult their financial advisors before making any money-related decisions.)