InvestorQ : What were the major trading cues for 20 May trading?
prachi Patwardhan made post

What were the major trading cues for 20 May trading?

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diksha shah answered.
4 weeks ago
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After the Nifty gained sharply over 2 days one could see some heavy profit booking at higher levels. Nifty still managed to hold above the psychological 15,000 levels. At a broad level, mid-cap and small stocks did a lot better than the large caps.

On Thursday there could be some pressure after the Fed minutes showed rising inflation concerns and a hawkish view. However, impact was limited in the US. The impact may at best be mixed and at worst it may be flat on Indian market.

There was some element of negative sentiments in international markets over Fed minutes concerns but Dow recovered and NASDAQ remains flat to positive. European markets which shut early, were under pressure ahead of minutes. SGX is flat to positive.

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