Saturday, Jun 15 2024 | Time 03:06 Hrs(IST)
Business Economy

Indian Bourses hold spl trading in 2 sessions; Sensex up 89 points, Nifty crosses 22500 level

Mumbai, May 18 (UNI) The stock market gained in early trade in the “special trading” held on Saturday to help markets transition to a Disaster Recovery (DR) site. The BSE Sensex and Nifty opened higher at 74042 and 22506 points up from their previous close yesterday.
The special trading was held in two sessions. The first session was in the morning for 45 minutes, from 9.15 hours till 10 a.m.
It will help assess the preparedness of Indian stock markets to handle any unforeseen event impacting operations and to restore operations within the required time period.
The market during the first session remained positive as all indices were in the green, and the trend continued in the second session as well.
The BSE 30-share Sensex rose 89 points and ended at 74005.94, while the Nifty went up 40.65 points to close at 22506.75.
The Foreign Institutional Investors (FIIs) yesterday bought equities worth Rs 1,616.79 crore, while the Domestic Institutional Investors (DIIs) also bought to the tune of Rs 1556 crore, as per the available data.
The second session of the special trading was for a duration of 60 minutes and was held on the DR site.
In the BSE Sensex, 24 shares ended in green, while 6 closed lower in red from yesterday’s close. However, the movement in price was range-bound as the special trading had few conditions. UNI SKB AKS
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