Tuesday, 1 March 2016


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The S&P BSE Sensex surged 777 points on Tuesday to log its biggest points-wise gains since May 2009. The Nifty50 reclaimed its crucial psychological mark of 7,200. The index surged 235.25 points, or 3.37 per cent, to close at 7,222.30. 

The gains seen on the benchmark indices were led by buying in interest-rate sensitive stocks as the commitment by the FM Arun Jaitley to meet the fiscal deficit target for FY16 raised hopes of a rate cut by the Reserve Bank of India (RBI) in the near-future. A sharp upmove on ITC and positive global cues made sure the domestic market end up as the top-performing Asian market for the day. 

The broader market traded in line with the benchmark indices with the BSE midcap and smallcap indices rising 3.04 and 3.23 per cent, respectively. 

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