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Inventory market updates on March 02, 2024: Benchmark indices began Saturday particular buying and selling session on a optimistic observe owing to the upbeat temper on Dalal Avenue and optimistic world cues.
The S&P BSE Sensex opened 100 factors larger at 73,848, and was seen quoting with a acquire of 150 factors round 73,900 ranges. The NSE Nifty 50 hit a contemporary life-time excessive at 22,420, and was hovering round 22,390 ranges.
Tata Metal and Larsen & Toubro have been the highest gainers among the many Sensex 30 pack. Wipro, IndusInd Financial institution and TCS have been the opposite outstanding gainers. Then again, Bajaj Finserv, Nestle and Bharti Airtel traded with marginal losses.
The broader indices – BSE MidCap and SmallCap superior round 0.5 per cent every.
Exchanges have capped the maximium restrict, each on the higher and decrease aspect, at 5 per cent for particular person shares in at this time’s buying and selling session.
World cues
In a single day within the US, the S&P 500 and Nasdaq scaled contemporary report highs after the manufacturing PMI development contracted to 47.1 per cent as towards 49.1 per cent in January. This was the sixteenth straight month that the PMI remained beneath 50-mark.
The weak financial information blostered hopes of rate of interest minimize later this yr. Dow Jones gained 0.2 per cent, whereas the S&P 500 and Nasdaq jumped 0.8 per cent and 1.1 per cent, respectively.
The US 10-year treasury bond yield dipped sharply to 4.186 per cent. Brent Crude Oil futures rose practically 2 per cent to 83.46 per barrel.
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