TEST LIVE:Sensex, Nifty pare gains; Realty index dips 2%, Divi's down 3%
Stock Market Live on May 18, 2023: Stock of Restaurant Brands Asia surged 11 per cent amid reports Everstone is looking to sell its entire stake in the company
Introduction
STOCK MARKET LIVE: Equity benchmark indices held gains in Thursday's trade in line with the strength in global equities on hopes that a deal to lift US debt ceiling will soon be reached. The BSE Sensex rose 330 points to 61,890, and the NSE Nifty50 gained 72 points to 18,266.
The broader markets were also higher in line with benchmarks. The BSE MidCap and SmallCap indices rose up to 0.5 per cent.
Among stocks, Restaurant Brands Asia surged 11 per cent amid reports Everstone is looking to sell its entire stake in the company. Jubilant Foods and a PE consortium of Advent and General Atlantic are among the contendors to buy the said stake.
Sector-wise, Nifty Financials and Metal indices led wins, rising around 1 per cent each. Realty, Pharma and Oil & Gas pockets were the top underperformers.
