BSE

Nifty opened gap up and strengthened throughout the day to close near the day’s high with gains of 213 points (+1.1 per cent) at 19,186 levels. The broader market too participated in the rally with the Nifty midcap 100 at a fresh record high. All sectors ended in the green, except metals, said Siddhartha Khemka, Head-Retail Research, Motilal Oswal Financial Services.

The market's bullish momentum was further supported by strong FII inflows and a narrowing current account deficit, both of which positively impacted investor sentiments. The gains were widespread, with pharma and metal sectors leading the way as top performers, outshining others, Nair said.

The new level was 63,523.15 points on BSESENSEX and 18,856.85 points on NIFTY. BSESENSEX at the end of the week lost 405.21 points or 0.64 per cent to close at 62,979.37 points while NIFTY lost 160.50 points or 0.85 per cent to close at 18,665.50 points. The broader indices saw BSE100, BSE200 and BSE500 lose 1.10 per cent, 1.10 per cent and 1.09 per cent respectively.

Even Nifty attempted to touch new highs, but fell short by 12 points. The index finally closed with a gain of 40 points at 18,857 points, said Siddhartha Khemka, Head of Retail Research, Motilal Oswal Financial Services. Sectorally, it was a mixed bag with major buying seen in financial services, especially NBFCs.

The upward trajectory is owing to a combination of factors such as good FY23Q4 corporate results, foreign institutional investors (FIIs), and also due to the domestic investor interest. "However, the markets may start getting nervous ahead of the next round of state elections due in November/December," he told IANS in an interview.

Milestone Furniture said this in the Board Meeting held on May 25, discussion was held on financial results. "The Chairman told the board that the existing Chartered Accountant named CA Bhupendra Gandhi got disappeared and is not answering the calls, so the financial statements are pending due to unavailability of.

The Sensex of the BSE opened at lower note at 62,839.97 after closing at 62,969.12 on Tuesday. After touching a high of 62,876.77 points, it closed at 62,622.24 points, down by 346.89 points. Similarly, the Nifty 50 of NSE opened at 18,594.20, after closing at 18,633.85 points on Tuesday. It touched a high of 18,603.90 and closed at 18,534.40 points.

BSESENSEX gained on three of the five trading sessions, lost on one and remained flat on the fifth session. BSESENSEX gained 772.01 points or 1.25 per cent to close at 62,501.69 points while NIFTY gained 295.95 points or 1.63 per cent to close at 18,499.35 points. The broader indices like the BSE100, BSE200 and BSE500 gained 1.80 per cent, 1.95 per cent and 1.87 per cent respectively. BSEMIDCAP was up 2.49 per cent while BSESMALLCAP was up 1.39 per cent.

On May 11, the NCLT had directed the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) to issue updated no-objection certificates before June 16, 2023. ZEE then moved NCLAT against this order. Zee contended that it was not provided adequate opportunity to present its side of the argument.

BSESENSEX lost 298.22 points or 0.48 per cent to close at 61,729.68 points while NIFTY lost 111.40 points or 0.61 per cent to close at 18,203.40 points. The markets saw the broader indices like the BSE100, BSE200 and BSE500 lose 0.59 per cent, 0.58 per cent and 0.48 per cent respectively. BSEMIDCAP lost 0.19 per cent while BSESMALLCAP gained 0.44 per cent.