Buy or sell: Sumeet Bagadia recommends three stocks to buy during special trading session on 2nd March 2024
Buy or sell stocks for 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 higher at the 47,286 level. The Indian stock market (equity and F&O) will remain open today as a part of the framework for the business continuity plan and disaster recovery site for stock exchanges and depositories and would involve an intraday shift from the primary to the disaster recovery site.
To strengthen the exchanges in the event of any unforeseen incident, that may impact their operations, the National Stock Exchange (NSE) is going to conduct a special live trading session today with an intraday switchover to a disaster recovery (DR) site. So, the Indian stock market is expected to remain open on Saturday during the special trading session. However, only the equity market will be open on Saturday.
Trading in the commodity market will remain suspended as usual on the weekend days. The session will be conducted in two phases. The first phase will be a 45-minute session starting at 9:15 AM.
The second special live trading session will commence at 11:30 AM and conclude at 12:30 PM. Unveiling intraday trading tips for the NSE's special trading session on 2 March 2024, Sumeet Bagadia, Executive Director at Choice Broking said that the Nifty 50 index breached the 22,200 mark and climbed to a new peak on Friday. The 50-stock index climbed to a new peak after breaching this psychological level and managed to end on a higher note on Friday.
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