Sensex and Nifty Close with Gains on the Special Trading Session on May 18, 2024

Nifty ? ? ? 22,502 [+35.90] 0.16

Sensex? 74,005 [+88.91] 0.12

Reasons for Market Up

• The special trading session conducted by the BSE and NSE to assess readiness in handling significant interruptions concluded smoothly. This reassured investors and contributed to market stability and confidence.?

• Following a period of sustained outflows, FIIs resumed buying stocks on Friday, injecting fresh capital into the Indian stock market.

Top 3 Stocks That Gained The Most?

Nifty

Nestle? +2.23

Powergrid? +0.91?

Tata Motors? +0.88

• Nestle India's shares rose today as shareholders rejected a proposal to increase royalty payments to its Swiss parent Nestle, instilling confidence in the company's financial integrity and governance.

Sectors of the Day?

Nifty Media? +1.24

Nifty Midsmall Healthcare +0.79

Nifty Realty +0.78

IPO Performance?

• Indian Emulsifier Limited IPO shares are expected to be listed on May 21, 2024.?

• Mandeep Auto Industries Limited IPO shares are expected to be listed on May 21, 2024.?

• Veritaas Advertising Limited IPO shares are expected to be listed on May 21, 2024.?

Key Events To Track For 21st May 2024?

• Monitor international markets for any significant developments or trends that could impact Indian markets.

• Keep an eye on scheduled economic data releases such as GDP figures, industrial production data, or inflation reports, as they can influence market sentiment and direction.

• Track earnings announcements from major companies across sectors, to gauge the health of the corporate sector and anticipate market reactions.

• Stay informed about any policy announcements or decisions by the Indian government, as they can impact market sentiment and specific industries.

• Stay updated on global events as they can affect Indian markets and investor sentiment.

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