Sensex Prediction for Friday: Stock markets staged a sharp rebound over the last two sessions on Thursday, with the 30-share BSE Sensex jumping by nearly 790 points in a volatile session. Investors will closely watch whether the benchmark index can extend the momentum on Friday, May 15, amid persistent concerns over elevated inflation, foreign fund outflows and geopolitical tensions in West Asia.
On Thursday, the 30-share BSE Sensex jumped 789.74 points, or 1.06 per cent to end the session at 75,398.72. The index opened higher but slipped into negative territory in late morning deals. However, value buying in telecom and banking shares helped the barometer pare losses and later jump more than 1,000 points to a high of 75,681.88.
Extending gains to the second day, the 50-share NSE Nifty climbed 277 points, or 1.18 per cent, to finish at 23,689.60.
Sensex topers and gainers on Thursday
Banking, Financial Services, Pharma, Metals and select Healthcare stocks led the rally, while broader markets also participated positively. The recovery suggests bargain buying at lower levels after the recent sell-off phase, he said.
Sensex Prediction for Friday, May 15 by experts
Technical experts believe the near-term undertone has improved after the Sensex reclaimed the psychologically important 75,000 level. Despite this, the analysts believe volatility is likely to remain high in Friday’s trading session.
Sensex Prediction for Friday, May 15 by Vipin Dixena
According to SEBI-registered analyst Vipin Dixena, Sensex has shown a strong short-term rebound after defending the 74,250 support zone, with the index now reclaiming the crucial 75,000 level.
“The recovery is supported by improving momentum as RSI has bounced sharply from oversold territory, indicating easing selling pressure and improving short-term sentiment. However, the index is still trading below the falling 50 EMA, which keeps the broader trend cautious despite the bounce,” he said.
Immediate resistance is placed near 75,600. While 75,000 now becomes an important support zone to sustain the recovery, Dixena added.
Sensex Prediction for Friday, May 15 by Aakash Shah
From a technical perspective, Shah stated the Sensex formed a strong bullish candle on the daily chart, indicating a sharp rebound from lower support zones and renewed short-term strength.
“The index has managed to reclaim the crucial 75,000 psychological mark, which improves the immediate technical setup,” he noted.
Momentum indicators such as RSI are showing recovery from oversold territory, while price action suggests the index is attempting to resume its broader uptrend after recent volatility.
“Immediate support is now placed near 74,600 – 74,800, followed by stronger support around 74,500. On the upside, resistance is seen near 76,200 – 76,000, while a decisive breakout above this zone may open the path towards 76,500 in the near term,” the analyst added.
Overall, he said the market structure suggests a positive short-term bias with stock-specific action likely to remain active. “Sustained strength above resistance zones will be crucial for continuation of the rebound, while dips toward support levels may attract fresh buying interest,” Shah concluded.
Broader markets, sectoral performance on Thursday
The BSE SmallCap Select index rose 0.86 per cent, and the MidCap Select index gained 0.40 per cent.
Among the sectoral indices, Telecommunications rose the most by 2.87 per cent, followed by Healthcare (2.08 per cent), Metal by 2.03 per cent, Utilities (1.59 per cent), Power (1.44 per cent), Top 10 Banks (1.40 per cent), PSU Bank and Private Banks Index by 1.38 per cent each.
A total of 2,107 stocks advanced, while 2,076 declined and 190 remained unchanged on the BSE..
The market capitalisation of BSE-listed companies climbed by Rs 6.82 lakh crore to Rs 462,85,684.68 crore (USD 4.83 trillion) in the last two trading sessions.
Wholesale price inflation shot up to a 42-month high of 8.3 per cent, driven by a spike in energy prices following disruptions caused by the West Asia conflict. Wholesale price index (WPI) inflation was 3.88 per cent in March, while it was 0.85 per cent in April last year.
Foreign Institutional Investors (FIIs) sold equities worth Rs 4,703.15 crore on Wednesday, while Domestic Institutional Investors (DIIs) purchased stocks for Rs 5,869.05 crore, according to exchange data.
On Wednesday, the 30-share BSE Sensex rose 49.74 points to settle at 74,608.98. The 50-share NSE edged higher by 33.05 points to end at 23,412.60.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
