Stock Market Today: India's headline indices opened marginally higher in the special trading session on Saturday amid a volatile market. The 30-share BSE Sensex pack was up 144.54 points or 0.20 per cent at 74,061.57 in the early trade. While Nifty was trading above 22,500 levels, up marginally by 39.15 points or 0.17 per cent. Nifty Realty was the mover among all the sectoral indices led by Phoenix Mills Ltd. Its share price in the special live trading session zoomed over 6 percent.
Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said "Dow Jones closing in record territory above 40000 will continue to provide global support for equity markets. However, in India, the election related jitters might continue to cause high volatility. A significant trend now is the FIIs turning buyers yesterday, and this takes away the pressure on the markets".
"The unknown in the market now, and there are many views regarding this, is the impact of the low turnout in the first three phases of polling on the election results. If this impacts the BJP/NDA adversely and they fall short of the market expectations, there can be high selling dragging the market down. Conversely, if the BJP wins above 300 seats, there can be a sharp rally in the market. Largecaps in financials, autos, capital goods, telecom and real estate are likely to lead the rally. This appears to be the most likely scenario," he added.
Nestle India, Power Grid and IndusInd Bank were the top gainers among the Sensex pack, while JSW, M&M and UltraTech Cement were among the major laggards. The second trading session of the special live trading session will begin today at 11.30 AM to 12.30 PM.
.jpeg)
 (16).jpeg)
