Sensex, Nifty Prediction For May 19: What Will Impact Indian Stock Market On Monday?

Indian stock market is likely to be influenced by the upcoming PMI data, U.S. jobless claims, and Q4 results on Monday, May 19. In the early trade, the Gift Nifty traded higher by 37.50 points or 0.15% to 25,126.50, signalling a positive opening for Sensex and Nifty. If the 50-scrip benchmark manages to hold 25,000 levels, then the fresh upward target is expected to be 25,200-25,300.

Last week, on May 16th, Sensex closed at 82,330.59, down by 200.15 points or 0.24%, while Nifty 50 ended Friday at 25,019.80, marginally down by 42.30 points or 0.17%.

Overall, during that week, the 30-scrip benchmark jumped 0.6% and Nifty 50 climbed 1.7%.

For the weekly (May 12-16) performance, Shrikant Chouhan, Head - of Equity Research of Kotak Securities said, Indian markets saw a strong rally this week and were among the major gainers, as the domestic markets also priced in a ramp-down in geopolitical risks. The Nifty-50 and the Sensex-30 index saw weekly gains of ~4%. Overall market breadth was strong with BSE Midcap and the BSE Smallcap indices significantly outperforming the larger peers. On the sectoral front, all the key indices ended the week in the green with multiple indices closing with weekly gains in excess of 5%. So far, aggregate earnings growth of the Nifty-50 Index stood at 7.5% yoy in Q4FY25. India's CPI inflation decelerated further to 3.2% in April 2025 with continued moderation in food prices.

Stock Market Prediction For May 19:

In Kotak expert's opinion, with a benign outlook for inflation, we expect rate cut of another 75-100 bps by the end of FY26. Low crude oil price, expected good monsoon, RBI rate cut and lower inflation are some of the positive macro factors for the Indian economy. The increase in FII inflows demonstrates positive sentiment for India, possibly reflecting conviction among investors that India is a relatively better market, in the light of global growth challenges.

On the earnings front, quarterly results from Amber Enterprise, Data Patterns, Divi's Labs, Premier Energies, Zen technologies and others are expected to drive stock-specific action. The broader consolidation with a positive bias is likely to persist for the Indian markets, supported by easing geopolitical tensions, progress on trade agreements, and improving signs of macroeconomic stability, wrote Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services in a note.

More than the recovery in the benchmark index, the broad-based rebound has offered greater relief to market participants. Sustained FII inflows and stable global markets are further contributing to the positive sentiment. Adding, Ajit Mishra - SVP, Research, Religare Broking said, "We continue to maintain our bullish outlook and recommend focusing on selective stock-picking. Going forward, corporate earnings and global market trends will remain key factors to watch in the absence of any major events."

Additionally, Vinod Nair, Head of Research, Geojit Investments said, "softening crude oil prices, moderating inflation, and growing anticipation of interest rate cuts are reinforcing confidence in the economic growth outlook, driving a broad-based market resurgence. Institutional flows remain robust, with both Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) contributing to market stability and resilience."

Technical Outlook Short Term:

"We are of the view that, in the short-term, the market texture is bullish, but buying on dips and selling on rallies would be the ideal strategy for traders. On the downside, 24,665/81300 and 24,400/80500 or 20 day SMA (Simple Moving Average) would act as key support levels, while 25,100/82700 could serve as an immediate resistance zone for the bulls. A successful breakout above these levels could push the market toward 25,500/83800. However, if the index falls below 24,400/80500, the uptrend could become vulnerable," wrote Amol Athawale, Vice-President Technical Research of Kotak Securities in a note.

For Bank Nifty, he added, the higher bottom support is placed near 54,400. As long as it is trading above this level, the positive momentum is likely to continue. On the higher side, it could retest the level of 56,000. Further upside may also continue, potentially lifting the index to 56,500."

Disclaimer: The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.