Indian shares muted in special Saturday session
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 18 2024
0mins
Source: reuters
- Indian Stock Market Testing: Indian shares remained stable during a special session to test failsafe systems for equity trading.
- Regulator Scrutiny: India's markets regulator examined NSE and BSE after a trading outage in February 2021 due to technical issues.
- Special Trading Session: A similar session was conducted earlier on March 2, 2024.
- Market Performance: The NSE Nifty 50 settled 0.16% higher, while the S&P BSE Sensex added 0.12%, both trading in a narrow range.
- Sector Performance: Metals gained 0.53%, small and mid-caps rose, Nestle India stock increased, Zydus Lifesciences climbed, and JSW Steel saw a drop in profit.
- Upcoming Holiday: Indian markets will be closed for a holiday on Monday and resume trading on Tuesday.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
