The benchmark Sensex and Nifty indices are expected to open flat on May 17, following GIFT Nifty trends indicating a gain of just 7 points for the broader index.

On the result front, JSW Steel, Zydus Lifesciences, NHPC, Astral, Rail Vikas Nigam, Phoenix Mills, Balkrishna Industries, Global Health, Glaxosmithline Pharmaceutic, Delhivery, Bandhan Bank, Pfizer, Vinati Organics, Poly Medicure, Sobha, Zee Entertainment enterprises, Amber Enterprises, Varroc Engineering, Kirloskar Ferrous Industries, Balrampur Chini Mills, Dhanuka Agritec, Sudarshan Chemical, Godrej Industries, and Shipping Corp of India will report their March quarter (Q4FY24) results on Friday, May 17.

On Thursday, the 30-share benchmark index ended at 73663.72 up by 676.69 points or by 0.93 % and then NSE Nifty was at 22403.85 up by 203.3 points or by 0.92 %.

On the global front, among Asian peers Kospi was down 0.6 per cent, and Nikkei, and ASX200 fell 0.5 per cent each.

Overnight in the US, the Dow Jones Industrial Average closed slightly lower, after briefly jumping above 40,000 for the first time.

The 30-stock Dow ended the day down 0.1 per cent, the S&P 500 fell 0.21 per cent, while the Nasdaq Composite finished the day 0.26 per cent lower

Back home, Top traded Volumes on NSE Nifty – Tata Steel Ltd. 41126570.00, Tata Motors Ltd. 31240770.00, Oil And Natural Gas Corporation Ltd. 23757779.00, ITC Ltd. 23025186.00, State Bank of India 20536990.00,

On NSE, total number of shares traded was 348.73 Crore and total turnover stood at Rs. 117014.24 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 913088 with a total turnover of Rs. 55464.08 Crore. Along with this total number of contracts traded in stock futures were 1864327 with a total turnover of Rs. 145137.97 Crore. Total numbers of contracts for index options were 899890715 with a total turnover of Rs. 51755442.43 Crore. and total numbers of contracts for stock options were 6748102 with a total turnover of Rs. 557449.97 Crore.

The FIIs on 16/05/2024 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 11621.73 Crore and gross debt purchased stood at Rs. 1785.54 Crore, while the gross equity sold stood at Rs. 13960.57 Crore and gross debt sold stood at Rs. 477.65 Crore. Therefore, the net investment of equity and debt reported were Rs. -2338.84 Crore and Rs. 1307.89