Wealth Buildup Financial Services Stock Market Research Report 20th May

Market Live: Nifty above 11,700, Sensex reclaims 39k; Nifty Bank up 1,000 pts since 2009 Except IT, all the sectoral indices are trading in green led by metal, bank, auto, energy, infra, pharma and FMCG. Midcap index gained 3 percent, while Smallcap index was up 2.5 percent. Market Update: Benchmark indices extended the gains with Nifty reclaimed 11,700 and Sensex trading above 38,900 level At 11:54 hrs IST, the Sensex is up 1,029.60 points or 2.71% at 38960.37, and the Nifty up 302.20 points or 2.65% at 11709.40. About 1743 shares have advanced, 481 shares declined, and 113 shares are unchanged. OUR PREMIUM CALLS:- • BUY 4 LOTS OF BHARATFORG ABOVE 477 TGT 480 TGT2- 483 SL- 472 • BUY 1280 SHARE OF CESC ABOVE 714.25 TGT 719 TGT2- 723 SL- 708 Rupee off day's high, trades at 69.58 per dollar Today, USD-INR pair is expected to quote in the range of 69.20 and 69.90, says Motilal Oswal. The Indian rupee is off day's high but trading higher by by 64 paise at 69.58 per dollar versus previous close 70.22. On Friday, rupee consolidated in a narrow range ahead of the release of exit polls that were released last evening. Today, the rupee is expected to open higher against the dollar as exit polls suggest that the current ruling government could win another term with a thumping majority, said Motilal Oswal. OUR PREMIUM CALLS:- • OUR FINAL TGT 483 DONE IN BHARATFORG BUY CALL HOPE YOU BOOKED FULL PROFIT IN IT GIVEN BUY AT 477 ENJOY FULL PROFIT • OUR FINAL TGT 723 DONE IN CESC BUY CALL HOPE YOU BOOKED FULL PROFIT IN IT GIVEN BUY AT 714.25 ENJOY FULL PROFIT Gold near two-week low as dollar eclipses safe-haven appeal The metal fell to a two-week low of $1,274.51 an ounce on Friday after data showed United States consumer sentiment jumped to a 15-year high in early May amid growing confidence over the economy's outlook. Gold steadied on Monday, trading near a two-week low hit in the previous session, as strong U.S. economic data underpinned the dollar amid geopolitical as well as trade tensions. Spot gold was broadly unchanged at $1,276.79 per ounce at 0321 GMT. U.S. gold futures were 0.1% higher at $1,276.40 an ounce. Oil surges after OPEC indicates it will maintain output cuts Brent crude was up by 96 cents, or 1.3%, at $73.17 a barrel by 0227 GMT, having earlier touched $73.40, the highest since April 26. Oil rose to multi-week highs on Monday after OPEC indicated it will likely maintain production cuts that have helped support prices this year, while tensions continued to escalate in the Middle East. Brent crude was up by 96 cents, or 1.3%, at $73.17 a barrel by 0227 GMT, having earlier touched $73.40, the highest since April 26. U.S. West Texas Intermediate crude was 82 cents, 1.3%, higher at $63.58 a barrel. The U.S. benchmark reached $63.81 earlier, the highest since May 1. ------------------------------------- Contact Us:->>>> Website: https://wealthbuildup.com Contact Number +91-8818887337 (24*7 Help Line) For more information, visit: https://wealthbuildup.com For more information, visit: https://www.wealthbuildup.com/