Top Stock Recommendations: Dharmesh Shah of ICICI Securities suggests buying RIL, and Larsen & Toubro tomorrow
Stock Market News: The domestic benchmark indices, the Sensex and the Nifty 50, finished the special live trading session on Saturday, May 18, with gains, extending their current three-day rally driven by fresh foreign capital inflows and encouraging cues from across the globe. The small and mid-cap indexes outpaced the benchmark indices, and all sectoral indices finished in the green. The 30-share BSE Sensex closed at 74,005.94 in the second special trading session, up 88.91 points, or 0.12%.
The NSE Nifty 50 rose by 35.90 points, or 0.16%, to 22,502.00. For the broader market, the benchmark Nifty SmallCap 100 index ended 0.82% higher while the Nifty Midcap 100 index closed 0.51% higher. The India VIX ended the day 3.67% higher.
On Saturday, May 18, there were two special live trading sessions for the domestic benchmark indices. The first took place from a primary site from 9:15 IST to 10 IST, and the second from a so-called disaster recovery site from 11:30 IST to 12:30 IST. Also Read: Week Ahead: US Fed chair speech, Q4 results, FII activity, global cues among key market triggers this week The benchmark indices had a solid run and recovered the losses from the previous week, according to Arvinder Singh Nanda, Senior Vice President of Master Capital Services Ltd.
The BSE Sensex and Nifty 50 ended the week up 1.85% and 2.03%, respectively. The Sensex ended the week over the 74,000 mark, while the Nifty 50 recovered its 22,500 mark. Major domestic and global economic data will shape the market's outlook.
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