Indian stock market indices, Sensex and Nifty 50, are set to open higher on Saturday, March 2, following positive global market cues. The special live trading session scheduled for Saturday aims to test the preparedness of the stock exchanges in case of an emergency.
On Friday, both Sensex and Nifty 50 hit record highs, with Sensex closing at 73,745.35, up 1.72%, and Nifty 50 settling at 22,338.75, up 1.62%. The strong gains were fueled by robust domestic GDP data.
Market experts predict ongoing momentum in the market, with sectors like auto, cement, metals, defense, and solar expected to be in focus in the coming week. Foreign institutional investors (FIIs) were net buyers in the Indian markets this week, with a net investment value of ₹23.51 crore.
In the global market, US equities reached all-time highs on Friday, driven by a surge in technology firms. Oil prices also saw a 2% increase on Friday, with Brent futures for May ending at $83.55 a barrel. The dollar index experienced a -0.25% decline on Friday.
Investors are advised to consult certified experts before making any investment decisions. Stay tuned for updates on the Indian stock market as it opens on Saturday with positive expectations.
