Stock market gains for the third consecutive day, Sensex gains marginally by 18 points

Mumbai Domestic stock markets rose for the third consecutive trading session on Tuesday. The BSE Sensex gained marginally by 18 points in volatile trade. Investors turned cautious ahead of the release of the minutes of the US Federal Open Market Committee (FOMC) meeting amid a weak trend globally.

The 30-share Sensex declined from the day’s highs due to late-day volatility and finally closed at 61,981.79, a marginal gain of 18.11 points, or 0.03 per cent. At one point of time it climbed up to 281.51 points during trading. The National Stock Exchange’s Nifty closed at 18,348 points, up 33.60 points, or 0.18 percent.

Bajaj Finserv, Tata Motors, Asian Paints, ITC, IndusInd Bank, State Bank of India, Tata Steel, Wipro, Infosys and Maruti were major gainers in the Sensex pack. On the other hand, Tech Mahindra, HCL Technologies were among the losers. , Kotak Mahindra Bank, Titan and Larsen & Toubro.
In Asian markets, Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hangseng were in losses, while South Korea’s Cospi was in profit.

There was a downward trend in early trading in major markets of Europe. The US market was in gains on Monday. Market participants awaited the details of the Federal Open Market Committee (FOMC) meeting to be released on May 24. Foreign institutional investors remained on the buying side on Monday, according to stock market data. They bought shares worth Rs 922.89 crore on a net basis. Meanwhile, global oil benchmark Brent crude declined 0.03 per cent to USD 75.97 per barrel.

PC:Aaj Tak

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