The BSE gauge Sensex rose over 190 points to trade above the 50,000-mark in the opening session on March 2 on account of broad-based buying by participants amid positive domestic and global cues.
Analysts said investor sentiment remained upbeat due to encouraging GDP numbers for the third quarter as well as return of calmness in global bond markets after last week’s turmoil.
The 30-share BSE index was trading higher by 191.45 points or 0.38% at 50,041.21 in opening deals.
The 50-share NSE Nifty advanced 65.10 points or 0.44% to 14,826.65 in early trade.
On the Sensex chart, 26 shares were trading with gains.
On March 1, the Sensex had risen by 749.85 points or 1.53% and the Nifty had gained 232.40 points or 1.60%.
Elsewhere in Asia on March 1, bourses extended their strong rally for the second straight session after halt in sell-offs in global bond markets calmed investor sentiments.
Foreign investors purchased equities worth ₹125.15 crore on a net basis in Indian capital markets on March 1, exchange data showed.
Meanwhile, global crude oil benchmark Brent Futures price eased by 0.65% to trade at 62.90 per barrel.
You have reached your limit for free articles this month.
Subscription Benefits Include
Today's Paper
Find mobile-friendly version of articles from the day's newspaper in one easy-to-read list.
Unlimited Access
Enjoy reading as many articles as you wish without any limitations.
Personalised recommendations
A select list of articles that match your interests and tastes.
Faster pages
Move smoothly between articles as our pages load instantly.
Dashboard
A one-stop-shop for seeing the latest updates, and managing your preferences.
Briefing
We brief you on the latest and most important developments, three times a day.
Support Quality Journalism.
*Our Digital Subscription plans do not currently include the e-paper, crossword and print.
A letter from the Editor
Dear subscriber,
Thank you!
Your support for our journalism is invaluable. It’s a support for truth and fairness in journalism. It has helped us keep apace with events and happenings.
The Hindu has always stood for journalism that is in the public interest. At this difficult time, it becomes even more important that we have access to information that has a bearing on our health and well-being, our lives, and livelihoods. As a subscriber, you are not only a beneficiary of our work but also its enabler.
We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda.
Suresh Nambath
