Benchmark indices scuttled between gains and losses to finally settle the day marginally higher as 2-day GST Council meet ends where rates for various goods and services were decided. Earlier in the day, S&P BSE Sensex rose as much as 278 points to reach a fresh high of 30,712, surpassing its previous milestone of 30,691 hit on May 17 as FMCG surged on GST boost. The index has hit a new high for the fourth time in five sessions. The S&P BSE Sensex settled at 30,465, up 30 points, while the broader Nifty50 ended at 9,427, down 1 point. In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices erased their intraday gains to slip 0.7% and 0.8%, respectively.

Today’s Top NSE Gainers : ITC, Yes Bank, Axis Bank, HUL, SBI
Today’s Top NSE Losers : Asian Paints, BPCL, Hindalco, Eicher Motors, Tech Mahindra

Nifty Trend for Monday

TREND: CONSOLIDATE
RESISTANCE: 9505, 9535
SUPPORT: 9390, 9365
APPROACH: BUY ON DIPS

Best Stocks to Buy on Monday : 22nd May

BUY CAPLIPOINT ABOVE 600 TARGETS 606, 612, 618 STOPLOSS 593
BUY SHAKTIPUMP ABOVE 323 TARGETS 326, 329, 332 STOPLOSS 320
BUY AGCNET ABOVE 150 TARGETS 152, 154, 156 STOPLOSS 148