Stock Markets Soar In Special Trading Session 1

Equity benchmark indices Sensex and Nifty soared in early trade in a special trading session on Saturday, extending their advance for the third day in a row, boosted by fresh foreign fund inflows.

The 30-share BSE Sensex surged 158.01 points to 74,075.04 in early trade. The NSE Nifty advanced 53.75 points to 22,519.85.

Zydus, HAL, Bharti Electronic, Vedanta, IRFC, Nestle India, JIO Financial Serv., GAIL(India), Power Grid Corp, and IRCTC were the top gainers.

Among the laggards were JSW Steel, Merico, Varun Beverages Shree Cement, Avenue Supermarts, ICICI Prudential, and Bosch.

US markets closed mostly higher on Friday.

According to exchange data, Foreign Institutional Investors (FIIs)bought equities worth Rs 1,616.79 crore on Friday.

Brent crude gained 0.85 percent to USD 83.98 per barrel.

On Friday, the Sensex inched up 253.31 points or 0.34 percent to 73,917.03, while the Nifty moved 62.25 points or 0.28 percent to 22,466.10.

The National Stock Exchange (NSE) announced on May 7 that it will hold a special trading session in the equity and equity derivative segments on May 18 to check its preparedness to handle substantial disruption or failure at the primary site.

The special live trading session will involve an intra-day switchover from the Primary Site (PR) to the Disaster Recovery (DR) site.

According to the circular, there will be two sessions — the first from 9:15 am to 10 am from the PR, and the second from 11:30 am to 12:30 pm from the DR site.

Earlier, the BSE and NSE held a special trading session on March 2 (Saturday) in the equity and equity derivative segments.

Also read: Sensex Climbs 253 Points; Nifty Closes Above 22k