Sensex, Nifty Extend Winning Streak In Special Trading Sessions, TCS And Nestle Lead | Markets News

New Delhi: The special trading sessions on Saturday saw Indian equity markets extending their winning streak as the benchmark indices ended higher in both of the special sessions. While the BSE Sensex closed above 74,000, up 342 points (0.46 per cent) the NSE Nifty 50 advanced 35.9 points or 0.16 per cent, to end at 22,502.

During the day, the Sensex rose as much as 0.33 per cent to 74,162.76. Ajit Mishra, senior vice president, research, Religare Broking Ltd, said the benchmark indices experienced a dull special trading session but managed to end with marginal gains.

“Although the mixed performance among major stocks is limiting momentum in the index, the broader market’s strength and gains in select heavyweights are providing ample opportunities,” Mishra added. (Also Read: Google Pay App Will Stop Working In US After June 4 Due To THIS Reason; Indian Users To Remain Unaffected)

The national bourses on Saturday conducted a special trading session for an easy switch over to a disaster recovery site. Power Grid, Nestle, Asian Paints, IndusInd Bank, and TCS were the top gainers. JSW Steel, Axis Bank, ICICI Bank and ITC were the top losers.

As per market experts, Dow Jones closing in record territory above 40,000 will continue to provide global support for equity markets. Meanwhile, the FIIs selling declined and on Friday, FIIs turned buyers.

As on May 17, FPI selling stood at Rs 28,241 crore as per NSDL data, according to market experts. In the cash market, FII selling stood at Rs 35,532 crore.  

Source link

Related Posts

Elon Musk’s wrecking ball

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world What is a good way of reducing plane…

Read more

European countries clash over sending troops to Ukraine

European countries clashed over sending troops to Ukraine at a crisis meeting intended to reach a consensus on how to respond to US President Donald Trump’s peace talks with Russia….

Read more

UK Supreme Court rejects chancellor’s attempt to intervene in car finance litigation

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Banks’ hopes of being shielded from a multibillion-pound mis-selling scandal…

Read more

Trump’s reckless experiment with financial deregulation

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Two years ago, the US was on the brink of…

Read more

Zelenskyy ‘will not recognise’ US-Russia talks that exclude Ukraine

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Senior US and Russian officials will meet in…

Read more

Trump administration pressures Romania to lift restrictions on Andrew Tate

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The Trump administration has pressured Romanian authorities to…

Read more

Leave a Reply