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Sensex above 50,000 level in early trade, Nifty above 14,800

On March 1, the Sensex had gained 749.85 points or 1.53% and the Nifty rose 232.40 points or 1.60%.

The BSE gauge Sensex crossed the 190 mark to trade above 50,000 points in the opening session on 2 March on the basis of extensive buying by participants amid positive domestic and global cues.

Analysts said the return of peace in the global bond markets following last week’s upheaval, as well as encouraging GDP numbers for the third quarter, boosted investor sentiment.

The 30-share BSE index was trading up 191.45 points or 0.38% at 50,041.21 in early deals.

The 50-share NSE Nifty rose 65.10 points or 0.44% to 14,826.65 points in early trade.

26 stocks were trading on the Sensex chart with an increase.

On March 1, the Sensex had gained 749.85 points or 1.53% and the Nifty rose 232.40 points or 1.60%.

Elsewhere in Asia on March 1, the shares extended their strong rally for a second straight session after calming investor sentiment in global bond markets.

investors purchased equity of ₹ 125.15 crore in Indian capital markets on a net basis on March 1, exchange data showed.

Meanwhile, the price of the global crude oil benchmark Brent Futures is trading at 62.90 per barrel, down 0.65%.

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