Benchmark indices extended gains on Friday, with NSE Nifty 50 trading up 1.23% and BSE Sensex 1.17% higher.
Dealers noticed domestic mutual funds actively buying in National Aluminium Co., HNIs accumulating Updater Services, Smart HNIs accumulating Nuvama Wealth Management, and influential investor group buying Star Health and Allied Insurance.
Updater Services set to report Q4 earnings on May 20, with anticipation of positive news related to promoter stake sale at Nuvama Wealth Management.
Rumors suggest existing promoters might fully exit Star Health and Allied Insurance, with a potential private health insurer as the buyer.