Sensex soars 400 pts, Nifty opens near 7350; banks rally -- 2 Mar 2016

After a super rally, the market seems to be gushing with buyers in last month of the financial year. The Sensex is up 397.05 points or 1.7 percent at 24176.40, and the Nifty up 116.25 points or 1.6 percent at 7338.55. About 753 shares have advanced, 69 shares declined, and 23 shares are unchanged. 

SBI, ICICI Bank, BHEL, Adani Ports and Axis Bank are top gainers in the Sensex. 

                                               

The Indian rupee extended upmove on Wednesday by opening at 67.74 a dollar, up 12 paise compared to 67.86 in previous session. This consistent recovery is led by rally in equity markets on hopes of rate cut post pricing in Union Budget.


The 30-share index was trading at 24,143, up 364 points or 1.53 per cent. It touched a high of 24,210.62 and a low of 24,043.89 in morning trade. 

The Nifty50 was trading at 7323 up 101 points or 1.41 per cent. It touched a high of 7,351.40 and a low of 7,316.10 in the first 30 minutes of trade. 

The S&P BSE Midcap Index was up 1.42 per cent and BSE S&P Smallcap Index was trading 1.6 per cent higher. 

SBI (up 9.6 per cent), ICICI Bank (up 5 per cent), BHEL (up 4.6 per cent), Adani Ports (up 4.1 per cent), and Axis Bank (up 3.7 per cent), were the major Sensex gainers. 

M&M (down 1.2 per cent), Coal India (down 0.7 per cent), TCS (down 0.4 per cent), and Wipro (down 0.37 per cent) were the major Sensex gainers.

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