Maruti Suzuki India on Thursday announced a price increase of up to Rs 30,000 across its vehicle portfolio from June 2026, citing inflationary pressures and a persistently adverse cost environment, PTI reported.
“For the past few months, the company has been making continuous efforts to mitigate the cost impact to the extent possible through cost reduction measures,” Maruti Suzuki India said.
Maruti Suzuki to raise prices by up to Rs 30000 across its vehicle portfolio from June- Daily Market Update 22nd May 2026
Overview and Outlook
Global Stock Market Today
- US equity markets settled on a flat to positive note.
- European equity markets ended on a flat to negative note.
- Asian equity markets are trading higher.
- GIFT Nifty is up by 150 points, Nifty futures is likely to open around 23650 levels.
Following a gap-up opening above the 23,800 mark, Nifty failed to hold its gains and finally settled at 23,655 spot levels—down around 200 points from the day’s high.
Performance on the broader front was mixed. Mid cap index traded in line with the benchmark, on the other hand, Small cap outperformed the benchmark, rose 0.63%.
The situation was no different on the sectoral front. Nifty Cement index was the top performer, gained over 2% followed by Realty index that rose over 1%. On the flip side, FMCG and IT index were the worst performers, down over 0.5% each.
Technically, Nifty index has been consolidating in a slightly upward sloping range (23300-23850 spot zone) having immediate resistance in 23850-24000 range and supports around 23450-23300 spot zone. Moving forward, we reiterate our sideways view on the Nifty index as long as it consolidates within the 23,300–24000 range. A decisive break on either side of this range will trigger the next short-term move.
Derivatives Overview & Outlook
Yesterday, short buildup was seen among Nifty and Banknifty futures with an increase in open interest by around 4% and 3% respectively along with some long unwinding among Finnifty and Midcapnifty futures with decrease in open interest by around 7% and 2% respectively.
Performance on the sectoral front was mix. Amongst them, Chemical stocks witnessed maximum addition of short positions, on the other hand, Capital Goods, Infra, Oil & Gas and Power stocks were up on short covering. Some long unwinding was observed among IT stocks.
On options front, call writing was seen at multiple OTM strikes. Maximum positions are at 24000 CE followed by 24500 CE and 22500 PE followed by 23000 PE.
Institutional Trading Activity
Yesterday, FIIs sold stocks worth Rs 1891 Cr in the cash segment, sold index futures worth Rs 1349 Cr and bought stock futures worth Rs 143 Cr. DIIs were net buyers in the cash segment to the tune of Rs 2492 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 23850-24000; Supports 23500-23400
Banknifty – Resistances 54000-54500; Supports 53200-52800
Finnifty – Resistances 25400-25600; Supports 25100- 24950
F&O stocks in ban today: KAYNES & SAIL
Important Results Today: CENTURYPLY, COLPAL, EICHERMOT, EIHAHOTELS, FORTIS, GSFC, HINDALCO, JUBLPHARMA, NAUKRI & NH.
Disclosure
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