Equity benchmarks ended higher in the early part of a special trade consultation on Saturday, extending their rise to the third straight day, amid fresh inflows from foreign funds.
The 30-stock BSE Sensex index ended at 42. 60, or 0. 06 cents, at 73,959. 63. The NSE Nifty rose 15. 80 points, or 0. 07, to 22,481. 90.
Among the parties, Sensex, Nestlé, Power Grid, IndusInd Bank, Tata Steel and Tata Motors were the biggest gainers.
JSW Steel, Mahindra
Wall Street closed higher on Friday.
“The Dow Jones Industrial Average rose to 40,000 for the first time, buoyed by optimism about a weaker-than-expected April inflation report, which raised bets on an interest cut through the Federal Reserve in September.
“This positive sentiment extends to Indian markets, where Nifty is likely trading between 22,000 and 22,500, facing resistance at 22,500 and 22,000,” said Prashanth Tapse, senior vice president (research) at Mehta Equities Ltd.
Foreign institutional investor (FII) buyers on Friday after days of incessant outflows. They bought shares worth 1,616. 79 crore rupees on Friday, according to stock exchange data.
“The final Dow Jones in record territory above 40,000 will continue to supply global equity markets. A significant trend now is that FIIs went long yesterday, which is taking pressure off the markets,” said VK Vijayakumar, chief investment strategist at Geojit. Financial services.
Brent crude, the global benchmark, rose $0. 85 to $83. 98 a barrel.
The BSE core index rose 253. 31 points, or 0. 34 per cent, to 73,917. 03 on Friday. The NSE Nifty rose 62. 25 points, or 0. 28 per cent, to 22,466. 10.
The National Stock Exchange (NSE) announced on May 7 that it would hold a special business consultation on the equity and equity derivatives segments on May 18 to check their readiness to deal with primary or main-site disruptions.
The special live business query will include an intraday failover from number one (PR) to crisis recovery (DR) set
In a circular, the exchange indicated that there would be two sessions: the first from 9:15 a. m. to 10:00 a. m. and the one from 11:30 a. m. to 12:30 p. m. from the DR site.
Earlier on March 2 (Saturday), the BSE and NSE held a special consultation on the equity and equity derivatives segments.
(This story was not edited by Devdiscourse staff and is automatically generated from a syndicated feed. )