Stock Market Today: Key Highlights
The Indian stock market, as represented by the NSE and BSE, is expected to witness a volatile trading session on May 12, with several key events and announcements set to impact the market. Investors should remain cautious and keep a close eye on the latest trends and updates.
NSE and BSE Trends
The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) are expected to witness a range-bound trading session on May 12, with the Nifty and Sensex indices likely to oscillate within a narrow range. The NSE's Nifty 50 index is expected to trade between 17,200 and 17,500, while the BSE's Sensex is expected to trade between 58,500 and 59,000.
Market Updates: Key Events and Announcements
Several key events and announcements are set to impact the market on May 12. The Reserve Bank of India (RBI) is expected to release its monetary policy statement, which could have a significant impact on the market. Additionally, several major companies, including Tata Motors and Maruti Suzuki, are expected to announce their quarterly earnings results.
Investor Strategy
Investors should remain cautious and keep a close eye on the latest trends and updates. A buy-on-dips approach could be adopted for long-term investors, while short-term traders could adopt a day-trading strategy. It is essential to set stop-loss orders and maintain a diversified portfolio to minimize losses.