Stock Markets Trade Firm In Special Trading Session 2

Equity benchmark indices began the final leg of the special trading session on a firm note on Saturday, extending their climb for the third day in a row amid fresh foreign fund inflows.

The 30-share BSE Sensex advanced 68.17 points to 73,978.71. The NSE Nifty went up 28.20 points to 22,493.10.

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

Among the laggards were JSW Steel, Bosch, Varun Beverages, Power Financial Corp, Mahindra & Mahindra, Merico, Info Edge (India), and Maruti Suzuki.

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 involved an intra-day switchover from the Primary Site (PR) to the Disaster Recovery (DR) site.

“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”, the exchange stated in a circular.

Also read: Stock Markets Soar In Special Trading Session 1

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

Typically, switching to the DR site ensures business continuity in the case of a major disruption or failure at the primary site.

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