BUSINESS

TCS and Nestle lead as Sensex and Nifty continue their winning runs during special trading sessions

Mumbai, 18 May Indian equities markets continued to rise throughout the Saturday special trading sessions, with the key indexes finishing the day higher overall.

The BSE Sensex ended the day over 74,000, up 342 points, or 0.46 percent, while the NSE Nifty 50 finished at 22,502, up 35.9 points, or 0.16 percent.

The Sensex increased by as much as 0.33 percent to 74,162.76 throughout the day.

According to Ajit Mishra, senior vice president, research at Religare Broking Ltd., the benchmark indexes had a lackluster special trading day but nevertheless ended up slightly higher.

The strength of the overall market and advances in a few heavyweight firms are creating plenty of chances, Mishra said, “even though the mixed performance among major stocks is limiting momentum in the index.”

A special trading session was held on Saturday by the national bourses to facilitate a seamless transition to a catastrophe recovery location.

The biggest gainers were Asian Paints, Power Grid, Nestle, IndusInd Bank, and TCS. The worst performers were JSW Steel, Axis Bank, ICICI Bank, and ITC.

Market analysts predict that the Dow Jones closing over 40,000 and setting new records will keep supporting the stock markets throughout the world.

In the meantime, FII sales decreased, and on Friday, FIIs began purchasing.

Market analysts estimate that as of May 17, FPI sales were valued at Rs 28,241 crore based on NSDL data. FII sales in the cash market were Rs 35,532 crore.

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