MUMBAI, May 17 : Amid mixed global cues, the Indian stock market continued its upward trend for the second day as the BSE Sensex on Friday gained further by 253 points to close strong at 73917.03.
Even as the Foreign Institutional Investors (FIIs) continued to sell equities in the cash segment as they sold to the tune of Rs 777 crore in last trading session, whereas the Domestic Institutional Investors (DIIs) bought equities worth Rs 2,128 crore yesterday, according to data available.
The National Stock Exchange (NSE) rose 62.25 points at 22,466.10. During the intra-day, the Nifty registered days high and low at 22,502.15 and 22,345.65 points respectively.
Though the market ended on a positive note, the volatility also continues to be high in view of ongoing Lok Sabha polls and uncertainty over the outcome. Sources in the trading community say that it is likely to be similar over the next few sessions and profit taking may be at short intervals.
The stocks that supported the market were Consumer Durable by 2.41 per cent, Auto sector by 1.80 per cent, Realty by 1.68 per cent and Industrials by 1.26 per cent.
In 30 scrips, 18 advanced while 12 declined. The Mid Cap gained 1.18 per cent and small Cap by 1.39 per cent.
The gainers were M& M by 5.97 per cent to Rs 2514.45, JSW Steel by 2.36 per cent to Rs 907.30, Ultra Tech Cement by 1.85 per cent to Rs 9887, Kotak bank by 1.50 per cent to Rs 1697 and ITC by 1.24 per cent to Rs 436.60.
The losers were TCS by 1.70 per cent to Rs 3833.95, HCL Technology by 1.22 per cent to Rs 1331.50, Hind Unilever by 1 per cent to Rs 2319.45 and Nestle India Ltd by 0.85 per cent to Rs 2446.30. (UNI)
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