Markets End Lower Amid Volatility, Profit Booking Weighs on Sensex & Nifty; Realty and Healthcare Stocks Shine
Udaipur, May 21, 2026: (Stock Market Update)
Indian benchmark indices closed in the red on 21 May, during the weekly Sensex expiry session, as markets witnessed volatility and profit booking at higher levels. Despite supportive cues such as cooling crude oil prices and a recovery in the Indian Rupee after hitting record lows, selling pressure continued to dominate sentiment through the trading session.
At closing bell, the benchmark indices ended marginally lower. The Sensex slipped 135.03 points (0.18%) to settle at 75,183.36, while the Nifty 50 declined 4.30 points (0.02%) to end at 23,654.70.
Sector-wise performance remained mixed. Buying interest was seen in Realty, Consumer Durables, and Healthcare stocks, while selling pressure impacted IT, FMCG, and Media sectors. Broader markets, however, outperformed the frontline indices. The Nifty Smallcap 100 rose 0.63%, indicating stock-specific buying, while the Nifty Midcap 100 remained almost flat, ending slightly lower by 0.04%.
Nifty Outlook
Technically, the Nifty formed a bearish candlestick pattern on the daily chart, marking a higher high and higher low, which signals selling pressure around the 23,800–23,900 resistance zone, a recent breakdown area.
Analysts expect the index to remain in a consolidation phase between 23,200 and 23,900 over the next few sessions. A decisive move above 23,800–23,900 could indicate a pause in the ongoing corrective trend.
The Nifty also has crucial support between 23,200–23,000, supported by the lower band of the 8 April bullish gap and the 61.8% Fibonacci retracement of the previous rally from 22,182 to 24,601.
Bank Nifty Outlook
The Bank Nifty also formed a bearish candlestick pattern with a higher high and higher low, indicating resistance around the 54,000 mark.
The index is expected to consolidate in the 52,700–54,700 range. Holding above the key support zone of 52,700–52,400 could trigger a pullback towards 54,000 and 54,700 levels.
For a stronger recovery signal, Bank Nifty will need to consistently form higher highs and higher lows and move decisively above the 54,400–54,700 resistance zone. Key support remains near 52,700–52,400, backed by the 8 April gap support and the 61.8% retracement of the prior up move from 49,955 to 57,456.
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