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1. Nifty closes 235 points up
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01.03.2016
Bulls were on an rampage in the Stock Market as National Stock Exchange’s (NSE) Nifty and
Bombay Stock Exchange’s (BSE) Sensex closed more than 3 percent up today. Nifty closed the day
at 7222, up 235 points or 3.37 percent while Sensex closed the day at 23779, up 777 points or 3.38
percent.
This is the largest single day rally in absolute terms in 7 years for both Sensex and Nifty.
The Indian benchmark indices gained on the expectation of a possible out-of-turn rate-cut in repo
rate by the Reserve Bank of India (RBI) after government’s announcement to stick to fiscal
discipline.
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