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On March 1, bullish sentiment prevailed on Dalal Street, driving benchmark indices Nifty and Sensex up by over 1.5%. Investors welcomed faster-than-expected domestic economic growth and in-line U.S. inflation data. Positive cues from global markets further fueled the rally, bringing Nifty closer to its all-time high.
Sectorally, Nifty Metal spearheaded gains, surging over 2%. This was trailed by Nifty Auto, Bank, Energy, and Infra, which saw increases of up to 1.8%. Conversely, Nifty Media recorded the most significant losses, plummeting over 1%. Nifty IT and Pharma also traded in the negative territory.
Factors for todays market rally.
1. Better-than-expected GDP print
2. Upbeat global markets
Positive global cues also helped indices move higher.
3. Encouraging US inflation data
4. FIIs in buying mode
Daily Market Summary In 200 Words.
References: moneycontrol
