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Stock Market Highlights: Sensex, Nifty Rally For Second Straight Session Led By IT and Auto Stocks


Stock Market Highlights: Sensex, Nifty Rally For Second Straight Session Led By IT and Auto Stocks
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The Sensex was up more than 400 points and the Nifty closed near 15,000 level on March 2, 2021, led by IT & Auto stocks.

At close, the Sensex was up 447.05 points or 0.90 per cent at 50,296.89 and the Nifty was up 157.60 points or 1.07 per cent at 14,919.10. About 1813 shares have advanced, 1138 shares declined and 166 shares remain unchanged.

On the Nifty 50 index, Tata Motors (5.32 per cent), M&M (4.95 per cent), Adani Ports (3.98 per cent), Wipro (3.86 per cent) and NTPC (3.78 per cent) were the top gainers for the day, while ONGC (-3.03 per cent), HDFC Ltd. (-1.61 per cent), Dr. Reddys Labs (-1.09 per cent), Power Grid Corp (-0.97 per cent) and Coal India (-0.62 per cent) were the top losers for the day.

On the sectoral front, except Nifty PSU Bank (-0.17 per cent) all other indices ended in green led by Nifty Auto and Nifty IT which were up 3.19 per cent and 3.04 per cent respectively.

The BSE Midcap and Smallcap indices were up 1.55 per cent and 1.60 per cent respectively.

Author’s View: On Nifty, we might witness some resistance at 15,000 level. Once we cross this level the next bullish target will be 15,200. The market undertone remains bullish and any dip can be utilized as a buying opportunity.

Disclaimer:  The view/s expressed above are only for educational/awareness purpose. Mumbailive.com or the author of the post bears no liability for any losses suffered by following any advice posted on the website. You are solely responsible for making your own investment decisions.

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