Sensex Zooms 450 points, Nifty at 17,700 ; Rupee opens at 1-month high

Last updated time: 06 March 2023, 09:26 IST

Sensex today: Sensex, Nifty50 got off to a positive start on Monday as global sentiment improved. The benchmark Nifty50 rose over 100 points to trade above 17,700 levels, while the S&P BSE Sensex rose over 450 points to trade at 60,286 levels.

The broader markets also rose in tandem as the Nifty Midcap 100 and Nifty Smallcap 100 rose up to 0.6 percent. The India VIX volatility index fell to 2 percent.

Barring the Nifty Realty index, all other sectors swam in a sea of ​​green. Nifty Metal sector was the highest gainer – up to 1 percent.

Back home, shares of Bajaj Electricals rose more than 3 percent after the company bagged an order worth Rs 565 crore from South Bihar Electricity Distribution Company.

Meanwhile, shares of Kansai Nerolac Paints rose more than 1 percent after the company bought a 40 percent stake in Nerofix from Polygel.

Rupee opens at 1-month high

INR will open at 81.77/$ compared to Friday’s close of 81.97/$

Global symbols

Asian shares rose on Monday, while bond markets took a breather ahead of an update on the US rate forecast from the world’s most powerful central banker and a jobs report that could decide whether the next hike should be very large.

Tokyo stocks edged higher on Monday as falling Treasury yields weighed on Wall Street stocks. The benchmark Nikkei 225 rose 0.91 percent, or 253.70 points, to 28,181.17 in early trade, while the broader Top06 index added. percent or 13.35 points to 2,032.87.

Wall Street rallied to end a volatile week on Friday as U.S. Treasury yields edged lower and economic data left investors with a growing likelihood that the Federal Reserve should maintain its tightening policy until the end of the year.

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