India

Sensex, Nifty End Special Live Trading Session At Record Closing High Levels

Equity benchmark indices Sensex and Nifty ended at new closing high levels in the special trading session on Saturday, extending their previous day’s sharp rally, amid impressive GDP data and foreign fund inflows.

Leading stock exchanges BSE and NSE conducted a special trading session in the equity and equity derivative segments on Saturday to check their preparedness to handle major disruption or failure at the primary site.

The special live trading session had an intra-day switch over from Primary Site (PR) to Disaster Recovery (DR) site.

The 30-share BSE Sensex climbed 60.80 points or 0.08 per cent to reach its all-time closing high of 73,806.15. During the trade, the benchmark reached its record peak of 73,994.70, up 249.35 points or 0.33 per cent.

The Nifty went up by 39.65 points or 0.18 per cent to settle at a new closing high of 22,378.40. During the day, it hit the lifetime peak of 22,419.55, up 80.8 points or 0.36 per cent. The market capitalisation of BSE-listed companies reached its all-time peak of Rs 394.06 lakh crore.

There were two trading sessions — the first from 9:15 am to 10 am on the PR, and the second from 11:30 am to 12:30 pm on the DR site, exchanges had announced earlier.

“Trading members are requested to note that the exchange will conduct a special live trading session with intra-day switch over from Primary Site (PR) to Disaster Recovery Site (DR) on Saturday, March 2, in equity and equity derivatives segments,” BSE and NSE said in separate circulars.

Among the Sensex firms, Tata Steel, Tata Motors, JSW Steel, Wipro, ITC and Asian Paints were the major gainers. Mahindra & Mahindra, NTPC, Maruti and UltraTech Cement were among the laggards.

India’s economy grew by better-than-expected 8.4 per cent in the final three months of 2023 — the fastest pace in one-and-half years. The US markets ended with gains on Friday. India’s manufacturing sector growth climbed to a five-month high in February amid a sharper uptick in factory production and sales, supported by both domestic and external demand, a monthly survey said on Friday.

The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose from 56.5 in January to 56.9 in February, pointing to the strongest improvement in the health of the sector since September 2023.

Foreign Institutional Investors (FIIs) bought equities worth Rs 128.94 crore on Friday, according to exchange data. In the broader market, the BSE smallcap gauge climbed 0.70 per cent, and the midcap index went up by 0.67 per cent.

Among the indices, metal jumped 1.44 per cent, consumer durables climbed 0.95 per cent, realty (0.90 per cent) and healthcare (0.75 per cent), emerging as the major gainers.

Bankex emerged as the only laggard. The BSE benchmark jumped 1,245.05 points or 1.72 per cent to finish at 73,745.35 on Friday. The Nifty climbed 355.95 points or 1.62 per cent to settle at 22,338.75.

Also Read: Foreign Tourist Gangraped in Jharkhand; BJP MLA says ‘Stain On State’

Bharat Express English

Recent Posts

JP Nadda Slams Rahul Gandhi’s ‘Match-Fixing’ Claims As ‘Desperation Of Losing’ Polls

Rahul Gandhi's opinion piece appeared in a national daily and sparked political uproar. Opposition parties…

9 hours ago

Poverty In India Reduced Via Tangible Boost In Household Living Standards, Incomes

In 2022–23, poverty under the revised $3.00 line stood at just 5.25 per cent in…

10 hours ago

Chhattisgarh: Seven Maoists Killed In Indravati National Park Operation

Five Maoists were killed in two separate encounters with security forces in Chhattisgarh’s Bijapur district,…

10 hours ago

Carney Invites Modi To G7 Summit, Highlights India’s Global Supply Chain Role

Canadian Prime Minister Mark Carney said the most populous country, with the fifth-largest economy, must…

11 hours ago

RBI Frontloads Rate Cuts To Boost Growth Amid Low Inflation: Crisil

The Reserve Bank of India (RBI) has frontloaded its rate cuts to support economic growth,…

11 hours ago

PM Modi Urges Global Action On Coastal Resilience At Nice Summit

PM Narendra Modi on Saturday called for urgent global action to build infrastructure that can…

11 hours ago