The Nifty 50 closed above the 22,500 mark for the second consecutive session, despite volatility reaching near a 20-month high on May 21. Experts suggest that as long as the index holds at 22,400, which aligns with Tuesday's low and the mid of the Bollinger band, it is likely to move towards the 22,600-22,800 zone in the coming sessions, with intermittent consolidation.
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The last several weeks have been a roller-coaster ride for many tech investors. The Nasdaq Composite declined through most of April but has come roaring right back in May. The index is now sitting at all-time highs, up 11% year to date after rallying for much of 2023 as well. Despite the strong performance of late, there are still attractive buys in the tech world.
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With all data now available, March diesel share is confirmed at 15.1% of new car sales in the region with April coming in at the same figure and unlikely to change much, with just three of the smaller markets’ figures unknown at the time of writing. The subdued BEV market continued into April and while there is growth in that segment it is modest (+8.4% YTD to April).
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