Stock Market Live: Sensex, Nifty trading higher, Metals up above 3%
Stock Market Live Updates Today 1 March 2023: Indian stock markets opened higher on Wednesday tacking gains from Wall Street and Asian market peers. The Nifty index opened at 17360.10 levels, up by 56.15 points while Sensex made a positive opening of 174.36 points at 59136.48 levels. The domestic markets are trading strongly with an optimistic mood after falling 8th consecutive sessions.
The market sentiments remained positive with Chief Economic Advisor V Anantha Nageswaran’s statement that high-frequency data indicate buoyant economic growth momentum and that the 7% GDP growth estimate for the current fiscal is very realistic. He further said that there are enough signs that the manufacturing sector is in good health.
However, the market participants overlooked a private survey showing India`s manufacturing sector expanded at the slowest pace in four months in February amid rising borrowing costs & weakness in the sector. India`s S&P Global Manufacturing Purchasing Managers` Index remained largely unchanged at 55.3 in February from January`s 55.4.
Stock Market Live Today
Market Live at 12.50 pm IST, the Indian stock market indices, Sensex and Nifty are trading higher by 0.64 percent and 0.67 percent respectively. The Bank Nifty is also trading higher by 0.85 percent at 12.50 pm IST. The broader markets are trading strong now, as Nifty midcap and smallcap indexes are trading higher by 1.29 percent and 1.22 respectively.
Among the sectors, Nifty Metals, PSU Bank, and Realty are trading higher whereas the Pharma sector is trading in the red. The top Nifty 50 gaining stocks at this moment are Adani Enterpris, Hindalco, and Axis Bank while the top losing stocks are Britannia, Power Grid, and Cipla
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Trade Setup for Wednesday 1 March: Stock Market News
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