The Indian National Stock Exchange (NSE) and BSE will remain closed on March 1 because Mahashivratri 2022.
Wholesale commodity markets, including metals and gold, will also remain closed. There will be no trade activities on the Forex market and Commodity Futures.
On February 28, Sensex rose 366.64 points, or 0.64 percent, at 57,858.15, and Nifty rose 128.90 points, or 0.75 percent, at 17,278.
Maruti Suzuki, Axis Bank, State Bank of India, Indusind Bank and UPL are the top enhancers, while losers include Wipro, Bajaj Finserv, Titan, Infosys and Tech Mahindra.
At BSE, the metal index jumped 5.4 percent, the oil & gas index rose 2.4 percent and a power index of 1.5 percent. The IT index rose one percent, but automatically and Bankex fell 0.5 percent each.
A wider index is done in line with benchmarks. BSE MIDCAP and the SmallCap index each add 0.8 percent.
“The market takes breath and rises more than half a percent, tracking the recovery of companies in the US market and optimistic income. Initially, benchmarks remain fluctuating, but healthy purchases in the index department of banks, automatic spaces and telecommunications help indices gradually inches. During the day, “said Ajit Mishra, vice president of research in the religion broking.
“The market will react to the results of the US Federal Reserve meeting at the beginning of trading on Thursday and we hope that volatility remains high, thanks to the scheduled monthly expiration. Given the scenario, we repeat our careful view and suggest hedging position preferences,” Mishra added .
The Indian Rupee ended 21 Paise lower at 74.77 per dollar on Tuesday against close Monday 74.56.
“Alleged RBI (Bank of India’s backup) Intervention and rally in the equity market triggered a sharp withdrawal in the place of usinr. During this week the volatility will be high because the Russian-Ukrainian conflict remains a focal point,” Anindya Banerjee, DVP, Derivancy and Derivatives Interest rates in the Securities box.
“We expect a range of 75.00 to 76.80 near the term near the place,” he added.
