Indian stock market indices, Sensex and Nifty 50, are set to open higher on Saturday, following positive global market cues. The domestic equity market will conduct a special live trading session on March 2 to test its disaster recovery preparedness. The market ended on a high note on Friday, with both indices hitting record highs.
The Sensex closed at 73,745.35, up 1.72%, while the Nifty 50 settled at 22,338.75, up 1.62%. Analysts expect the momentum to continue next week, with sectors like auto, cement, metals, defense, and solar in focus.
Foreign institutional investors were net buyers in the Indian market this week, with strong market sentiments and robust macroeconomic indicators driving the Nifty 50 to record highs. Despite being buyers for three out of five sessions, the net investment value stands at ₹23.51 crore.
On Wall Street, US equities reached all-time highs on Friday, driven by a surge in technology firms. The S&P 500, Dow Jones Industrial Average, and Nasdaq composite all saw gains. Oil prices also rose by 2% on Friday, with Brent futures ending higher at $83.55 a barrel.
The dollar index saw a decline of -0.25% on Friday, retreating from a one and a half-week high. Less positive US economic data and a drop in T-note rates contributed to the decline.
Investors are advised to consult certified experts before making any investment decisions. Stay tuned for updates on the Indian stock market as it opens for a special trading session on March 2.
