During a special live trading session conducted by NSE and BSE, Sensex and Nifty achieved record highs, concluding the two-hour window with impressive gains. Sensex surged past the 73,800 mark at the session’s close, while Nifty recorded a nearly 40-point increase during the closing bell.
In this unique weekend trading scenario, NSE Nifty, closing at 22,378, experienced a 39-point uptick. Simultaneously, BSE Sensex witnessed a robust 60-point surge in the live trading session, reaching a closing figure of 73,806 points.
The special live trading session, held on March 2, Saturday, served the dual purpose of testing the emergency disaster preparedness of the stock exchanges and facilitating an intra-day switch from the primary site to the disaster recovery site. The session was split into two parts, with the first segment occurring from 9:15 am to 10 am and the second from 11:30 am to 12:30 pm at the DR site, as announced by the exchanges.
At the commencement of the second part, the 30-share BSE Sensex exhibited a 128.7-point surge, trading at 73,879.58, while the Nifty showed a gain of 58.15 points at 22,396.90.
Major gainers among Sensex firms included Tata Steel, Tata Motors, Asian Paints, ITC, Wipro, and Larsen & Toubro. Conversely, Mahindra & Mahindra, NTPC, Kotak Mahindra Bank, and UltraTech Cement were among the laggards.
The impetus for this surge in both Sensex and Nifty was the exceptional economic growth results for India in the December 2023 quarter, revealing an impressive 8.4 percent growth. This marks the second consecutive day of record highs for both indices, with Sensex witnessing a remarkable spike of over 1200 points on the previous day.
The successful execution of the special live trading session attests to the resilience and preparedness of the stock exchanges in dealing with unforeseen emergencies while contributing to the overall positive sentiment in the market.
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