Sensex Today: Bulls tightened their grip on the bourses on Friday as quicker-than-anticipated growth within the December quarter GDP lifted sentiment. The S&P BSE Sensex hit a document excessive of 73,819, whereas the Nifty50 touched 22,353 intraday.
The 30-share index, finally, ended at 73,745, up 1,245 factors, whereas the Nifty shut store at 22,339, up 356 factors. Both the indices surged over 1.5 per cent every.
Tata Steel was the lead winner on the BSE benchmark, rising practically 7 per cent, adopted by L&T, JSW Steel, Titan, ICICI Bank, IndusInd Bank, SBI, Tata Motors, Axis Bank, NTPC, Ultratech Cement, Maruti Suzuki, and RIL (up 1.7 per cent).
In the broader markets, the BSE MidCap and SmallCap indices underperformed the frontline indices as they capped their positive aspects at 0.9 per cent.
Among sectors, the Nifty Metal zoomed 3.7 per cent, the Nifty PSU Bank, Private Bank, Bank, Auto indices over 2 per cent, and the Nifty Realty 0.7 per cent. The Nifty Media, IT, and Pharma indices slipped as much as 0.9 per cent.
Special Trading Session on Saturday
Normal buying and selling shall be in two classes on Saturday March 02, from 09:15 to 10:00 AM adopted by 11:30 to 12:30 midday.
Global Cues
In Asia this morning, Japan’s Nikkei soared 1.3 per cent. Most others, had been buying and selling on a flat word.
Overnight, the US markets ended increased as inflation information supported views of rate of interest lower. The S&P 500 and Nasdaq hit recent document highs and ended with most positive aspects for February in a decade.
On Thursday, Nasdaq jumped 0.9 per cent, the S&P 500 superior 0.5 per cent and Dow added 0.1 per cent. raised hopes of a possible price barely decrease a day forward of a key inflation studying that might closely affect expectations on timing of price cuts. Dow and the S&P 500 had been marginally in purple, whereas Nasdaq slipped 0.6 per cent.
January’s Personal Consumption Expenditures (PCE) index – the Federal Reserve’s most well-liked measurement for inflation – noticed headline cool to 2.4 per cent.
The 10-yr US Treasury bond yield dipped to 4.26.4 per cent. Whereas, Brent Crude Oil futures consolidated round $82 per barrel and Bitcoin stood firmly above the $60,000-mark for the second straight day.
