Sensex, Nifty at new record level in special trading session
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Mumbai The bullish trend continued in the local stock markets in the special trading session on Saturday and both the benchmark indices BSE Sensex and NSE Nifty reached new record levels. The market remained bullish due to better GDP (Gross Domestic Product) data and capital inflow of foreign institutional investors. The country’s leading stock exchanges BSE and National Stock Exchange (NSE) are organizing a special trading session in the equity and equity futures and options segments on Saturday to test their preparedness to deal with major disruption.
The functionality will be tested by migrating transactions from the Primary Site (PR) to the ‘Disaster Recovery’ (DR) site during a special trading session. DR refers to a plan to quickly recover an organization’s IT systems and data, limit damage, and return to normal business during a crisis or disaster. The Sensex based on 30 shares rose 236.77 points in early trade to reach a record 73,982.12 points. The fifty-share NSE Nifty also rose by 81.5 points to reach a new peak of 22,420.25. Two sessions will be held according to the stock markets.
The first session will run from 9:15 am to 10 am at the primary site and the second session on ‘Disaster Recovery’ from 11:30 am to 12:30 pm. “…the stock markets are conducting a special trading session in the equity and equity futures and options segments on Saturday, March 2 to test their preparedness to deal with major disruption,” BSE and NSE said in separate circulars. The functionality will be tested by transferring transactions from the ‘Primary Site’ to the ‘Disaster Recovery Site’ during a special trading session.
Tata Steel, Larsen & Toubro, Tata Motors and State Bank of India were the major gainers among Sensex stocks. On the other hand, declining stocks include Mahindra & Mahindra, Titan, ICICI Bank and NTPC. The country’s economic growth rate in the third quarter of the current financial year was much higher than expected at 8.4 percent. This is the fastest growth rate in any quarter in a year and a half. Foreign institutional investors bought shares worth Rs 128.94 crore on Friday. On Friday, Sensex closed at a new high by 1,245.05 points and Nifty by 355.95 points.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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