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Open FlipIndian stock market: The domestic equity indices, Sensex and Nifty 50, are expected to open higher on Saturday tracking positive global market cues.The Indian equity market will remain open on Saturday, March 2, as the stock exchanges will conduct a special live trading session in the equity and derivatives segments through their disaster recovery site to check the preparedness.
Open FlipThe benchmark Sensex and Nifty indices are likely to open on a positive note on March 2 as trends in the GIFT Nifty indicate a strong start for the broader index with a gain of 60 points. In a stellar session on March 1, the Indian benchmarks hit record highs, with the Nifty closing above 22,300 level. At close, the Sensex was up 1,245.05 points, or 1.72 percent, at 73,745.35.
Open FlipEquity markets had a strong start to March, with indices scaling to record highs. In Saturday's trade, shares of Jio Financial, Paytm, Axis Bank, Torrent Power, among others, will be in focus due to various news developments. Jio Financial has been added to BSE Allcap and LargeMidcap indices in a major rejig. The changes will be effective from March 18.
Open FlipThe World Trade Organisation's 13th Ministerial Conference (MC13) failed to resolve WTO's dispute resolution mechanism and agreed to maintain the current practice of not imposing customs duties on electronic transmissions for two more years, after which it will expire. Both of these decisions did not go India's way. While the South Asian nation was pushing for a resolution on WTO.
Open FlipA global equity index scaled a record high while Treasury yields fell sharply on Friday after weak U.S. economic data and comments from Federal Reserve officials bolstered expectations for interest rate cuts later this year. The Institute for Supply Management (ISM) said its manufacturing PMI fell to 47.8 last month from 49.1 in January, the 16th straight month that the PMI remained below 50.
Open FlipDay trading guide for Indian stock market today: The impressive real Q3 GDP numbers of India provided the ammunition to the bulls to catapult key benchmark indices of the Indian stock market to all-time highs. The Nifty 50 index gained 355 points and closed at the 22,338 level, the BSE Sensex shot up 1245 points and ended at the 73,745 mark whereas the Bank Nifty index finished 1166 points high.
Open FlipDomestic equities surged to a new high after India's Q3 GDP saw an impressive growth rate driven by robust manufacturing, highlighting the inherent strength of the economy.It is an unusual trading day on Saturday for investors with a special live session being conducted to assess the disaster recovery system. Analysts expect the ongoing momentum to continue going forward.
Open FlipPrivate power company Torrent Power Limited (TPL) has emerged successful under competitive bidding, and received Letter of Award from NTPC Vidyut Vyapar Nigam Limited (NVVN) on March 1 for supply of power from its gas-based power plant during the crunch or high-power demand periods in the impending summer. The crunch period has been projected to be between March 16 to June 30.
Open FlipThe dollar gained against the Japanese yen on Friday after Bank of Japan (BOJ) governor Kazuo Ueda said it was too soon to declare victory on inflation, but dipped against the euro after weaker than expected U.S. economic data. In cryptocurrencies, bitcoin held just below a more than two-year high reached on Wednesday.
Open FlipForeign institutional investors (FIIs) were net buyers in Indian markets this week as domestic equity benchmarks Sensex and Nifty 50 touched record highs buoyed by strong macroeconomic indicators. On the other hand, domestic institutional investors (DIIs) were net buyers and strong domestic inflows counterbalanced the minimal outflows by foreign investors.
Open FlipNew Delhi: Sajjan Jindal-led JSW Steel, on Friday, announced that it is going to invest €143 million, or about ₹1,282 crore, to help relaunch its Italian steel mill in Piombino. The company in a press release said that its subsidiary, JSW Steel Italy SRL, has signed a Memorandum of Understanding (MoU) with the Italian authorities to relaunch the site.
Open FlipGold started March on a positive note, with prices rising to a four-week high on Friday after data showing signs of abating inflation hardened expectations of a U.S. rate cut by June. Spot gold edged up 0.6% to $2,054.69 per ounce by 9:29 a.m. ET (1429 GMT), its highest since early February and on track for a second straight weekly rise. U.S. gold futures firmed 0.4% to $2,063.70.
Open FlipDomestic benchmark equity indices Nifty50 and Sensex closed with fresh record highs on Friday, as faster-than-expected domestic economic growth and in-line US inflation data boosted investors' sentiment.On the day, Nifty50 rose 1.62% to close at 22,339, notching record highs for the eleventh session in 2024. The Sensex also hit an all-time high and added 1.72% to 73,745.
Open FlipThe National Stock Exchange (NSE) on Friday said its unique registered investors have surpassed 9 crore, with the latest 1 crore additions taking place in just five months. The investor base has seen more than three-fold jump in the last five years, facilitated by rapid growth in digitisation, rising investor awareness, financial inclusion, and strong market performance.
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