News Overview

Indian markets enter a truncated week, after a week of smart gains across most sectors

Focus shifts to a number of Fed speakers for hints on the U.S. rate outlook and when an easing cycle could start

In the previous trading session, Indian benchmark indices Nifty 50 and Sensex closed in the green, with Nifty 50 at 22,502.00 and Sensex at 74,005.94.

FPIs were net sellers of $1,336 Million in equities in the week to May 17, 2024; although markets rallied

Oil & gas and autos were the stars of the week, even as banks mirrored the Nifty and Sensex gains

The decision follows finalization of plans to raise $450 million via dollar bond issuance.

The 30-share BSE Sensex closed at 73,959.63, up 42.60 points, or 0.06%. The NSE Nifty 50 increased to 22,481.90, gaining 15.80 points, or 0.07%.

The decision follows Nestle India board's proposal for a gradual increase to 5.25% of net sales.

Revenue from operations remained flat at ₹46,269 crore.

NHPC declared a final dividend recommendation of ₹0.50 per share (subject to approval).