By Prime Research | Last Updated: May 15, 2026
Nifty declined 46 points to close at 23,643, reversing early gains amid weak global cues and profit booking. The index briefly crossed 23,800 but failed to sustain above it, indicating resistance at higher levels. Sectoral trends were mixed, with IT, FMCG, and media outperforming while metals, PSU banks, and realty lagged. Broader markets weakened, with mid‑ and small‑caps underperforming and market breadth turning negative. The rupee hit a fresh record low amid rising crude prices, a stronger dollar, and widening trade deficit concerns. Key support remains near 23,262 while 23,800 acts as immediate resistance
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