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Sumeet Bagadia’s Stock Recommendations for May 21: GAIL, Ashok Leyland, and More – Latest Market News and Live Updates as of May 19, 2024

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Stock Market Today Live Updates: Catch today’s market wrap-up! Track Nifty 50 and Sensex movements, along with top gainers and losers. See how Asian and US markets fared and which sectors led the charge (or declined). Summary: Follow Mint’s market blog for real-time updates on your favourite companies. This blog keeps you informed on all things Dalal Street and global markets.

In today’s stock market news, expert Sumeet Bagadia has recommended three breakout stocks for May 21: Hindalco, GAIL, and Ashok Leyland. Investors looking for potential buys or sells should keep an eye on these stocks.

On the commodity front, gold and silver prices are holding steady. In Delhi, 10 gm of 24-carat gold is priced at Rs. 75,364, while 1 kg of silver is priced at Rs. 86,630. Investors interested in precious metals should stay updated on the latest rates in their city.

Looking ahead, the IPO market is set to remain active next week with two public issues and eight new listings. Awfis Space Solutions is expected to launch its IPO, aiming to raise around ₹599 crore. Investors should keep an eye on upcoming IPOs for potential investment opportunities.

As for the week ahead, key market triggers include a speech by the US Fed chair, Q4 results, FII activity, and global cues. Analysts anticipate continued volatility in the Nifty 50 ahead of the election results and advise traders to adjust their positions accordingly. Maintaining a ‘buy on dips’ strategy may be beneficial in navigating the market fluctuations.

Stay tuned to Mint’s market blog for real-time updates and analysis on stock market movements, commodity prices, IPO news, and key market triggers. Stay informed and make informed investment decisions in today’s dynamic market environment.

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