Wednesday, 20 May 2026
20th May 2026, Wednesday
Headlines
- Nifty closes above 24,500 - bulls in control
- FII net buyers for 3rd consecutive session
- RBI holds repo rate at 6.0%; stance changed to accommodative
MARKET COMMENTARY
Markets continued their positive momentum today with broad-based buying. Midcap and smallcap indices outperformed the benchmark. Banking and financials led the charge with HDFC Bank, Kotak and ICICI all up more than 2%.
The RBI policy outcome was largely in line with expectations. The change in stance to accommodative is a green signal for rate-sensitive sectors including real estate, NBFCs and banking.
SECTOR WATCH: AUTO ANCILLARY
Auto ancillary companies are seeing strong order books as OEMs ramp up production ahead of the festive season. Companies with EV exposure in motor and battery management segments are attracting premium valuations. Watch Sansera Engineering and Happy Forgings for entry on corrections.
