Indian stock market: 8 key things that changed for market over weekend - Gift Nifty, Nikkei’s record high to oil prices
Also Read: Week Ahead: Macro data, FII activity, global cues among key market triggers as Nifty 50 eyes 22,600 this week The Indian bourses, BSE and National Stock Exchange (NSE), held a special live trading session on Saturday, March 2, to assess the resilience of their disaster recovery systems. On Saturday, the stock market indices ended with marginal gains after hitting record highs during the day. The Sensex gained 60.80 points, or 0.08%, to close at 73,806.15, while the Nifty 50 settled 39.65 points, or 0.18%, higher at 22,378.40.
“At the onset of a week laden with economic data releases, investor sentiment appeared cautious. However, indices surged in the final session, propelled by stellar Indian GDP figures and a healthy performance in the Indian manufacturing sector as output and new order picks up. While robust economic data boosted confidence in the Indian economy, concerns lingered regarding the RBI's policy decisions amidst high liquidity and inflation worries," said Vinod Nair, Head of Research, Geojit Financial Services.
Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — March 4 Here are key global market cues for Sensex today: Asian markets traded higher tracking a rally on Wall Street. Japan’s Nikkei 225 gained over 0.8% to a new record high above the 40,000 mark, while the broader Topix was flat. South Korea’s Kospi surged 1.43%, and the Kosdaq gained 1.4%.
Hong Kong’s Hang Seng index futures indicated a flat opening. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.2%, after snapping a five-week winning streak with a slight drop last week. Also Read: China to reveal 2024 GDP growth target at National People’s Congress, likely to avoid bold reforms Gift
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