Representational picture solely.
| Photo Credit: PTI
Equity market opened on a powerful observe on March 6, with the benchmark crossing the 60,000 level and Nifty making sturdy good points amid optimistic world cues. BSE Sensex jumped 554.06 factors or 0.91% to 60,363.03 factors, whereas the broader NSE Nifty climbed 143.35 factors or 0.81% to 17,737.70 factors.
As many as 28 constituents of the 30-share Sensex together with HCL Tech, TCS and Reliance had been buying and selling in the optimistic territory whereas two had been marginally decrease. Most of the Asian markets, together with Hong Kong and Japan, rose on Monday.
European and the U.S. markets had closed with sturdy good points on Friday, boosted by easing considerations over inflation. In a pre-open market observe, Deepak Jasani, Head of Retail Research at HDFC securities, mentioned Indian markets might open larger, in line with principally larger Asian markets at the moment and better U.S. markets on Friday.
“Asian markets opened higher on Monday after the U.S. stocks ended last week on a positive note, driven by speculation that the U.S. Federal Reserve won’t raise interest rates beyond peak levels, as it is already priced in,” he mentioned.
On Friday, Sensex rallied almost 900 factors and Nifty jumped greater than 272 factors, primarily on the again of optimistic world cues and recent fund inflows. Foreign Portfolio Investors (FPIs) had been internet consumers, with investments value ₹246.24 crore on Friday, in accordance with knowledge with the BSE.