Stock Market Outlook Today, May 26: Nifty Eyes 24,400 On Expiry Day; Will Banks And Auto Drive Another Rally?

Indian stocks head into Tuesday’s trade with the bulls firmly in the driver’s seat following a sharp rally in the previous session. Benchmark indices regained key levels on strong buying in banking, financial and auto stocks, softer crude prices and improving global sentiment. Traders would look for Nifty to hold above 24,100 and move higher towards 24,400. Gift Nifty is indicating a negative start, and institutional positioning would be in focus.