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Market recovered some of the previous session losses with over a percent gain on March 1 on the back of positive domestic data.

At close, the Sensex was up 749.85 points or 1.53% at 49,849.84, and the Nifty was up 232.30 points or 1.60% at 14,761.50. About 1921 shares have advanced, 1093 shares declined, and 189 shares are unchanged.

Power Grid Corporation, ONGC, Grasim Industries, UPL and Shree Cements were among major gainers on the Nifty, while Bharti Airtel is the only loser.

Except PSU Bank index, all other sectoral indices ended in the green with Nifty Auto, Energy and Metal indices rose 2 percent each. BSE Midcap and Smallcap indices added 1.5 percent each.

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Topic :- Time:3.00 PM

Its highly not advisable to carry any open position for tomorrow. Nifty future if closes above 14820 level then some upmove can be seen in coming sessions and if it closes below above mentioned level then some sluggish movement is likely to follow.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 706.20.If it holds above 704 level then expect it to rise till 707.20 level quite soon and if it breaks and trade below 705.80 level then some decline can be seen in it.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex surges 900 pts, reclaims 50K; Nifty tests 14,800

2. Indias Manufacturing PMI at 57.5 in Feb 2021, against 57.7 in Jan

3. Paytm crosses 1.2 bn monthly transactions, maintains leadership position

4. China appears to warn India: Push too hard and the lights could go out

5. RailTel rallies 17% on institutional buying, up 52% over issue price

6. APL Apollo, Apollo Tricoat Tubes surge up to 10% on board nod to merger

7. Spurred by Budget, FPIs invest Rs 25,787 cr in Indian equities in Feb

8. PM takes first dose of Bharat BioTechs Covaxin

9. Bajaj Auto sales up 6% in February

10. RIL ups stake in skyTran Inc to 54.46%

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Topic :- Time:11.00 AM

Nifty is likely to turn volatile now. Nifty spot if manages to trade and sustain above 14800 level then expect some further upmove and if it breaks and trade below 14760 level then some decline can be seen in the market. Traders are advised to trade as per market trend and should wait for critical levels to be breached.

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Topic :- Time:10.30 AM

After positive opening nifty is still trading in green zone. Nifty spot if manages to trade and sustain above 14800 level then expect some further upmove and if it breaks and trade below 14740 level then some decline can follow in the market.

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 01 March,2021:

Volatile session expected with global cues to be trend decider. Traders are advised to trade as per market trend and should trade in small quantity.

Nifty spot if manages to trade and sustain above 14560 level then expect some further upmove and if it breaks and trade below 14480 level then some decline can be seen in the market. Please note this is just opening view and should not be considered as the view for the whole day.

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The central bank noted that the broader measures of liquidity reflect easing of monetary and financial conditions in the system

India's monetary action is acquiring steam as COVID-19 frequency subsides and the progressing immunization rollout discharges repressed hopefulness, the Reserve Bank India (RBI) said in the February 2021 issue of its Monthly Bulletin. 

"All motors of total interest are lighting to fire; just private speculation is long gone and the time is suitable for it to wake up. More extensive proportions of liquidity reflect facilitating of money related and monetary conditions in the framework," the Bulletin said. 

The Indian economy experienced the COVID-19 invasion a year ago. The GDP is assessed to shrink by 8% in FY 21, as per government gauges. Notwithstanding, post this, a sharp recuperation is normal in FY22. 

India's GDP in the second from last quarter of FY21 rose imperceptibly at 0.4 percent, in accordance with assumptions, reaffirming that the economy had figured out how to leave the Coronavirus pandemic-drove droop by 2020-end, as indicated by true information delivered by the National Statistical Office (NSO) on February 26. 

In any case, in FY21, the GDP is currently expected to recoil by a somewhat bigger edge of eight percent, as indicated by the public authority's refreshed authority conjecture. This is because of the more slow than anticipated bounce back in development for key areas like assembling, monetary administrations and land, financial specialists say.There is little uncertainty today that a recuperation dependent on a recovery of utilization is in progress," the RBI Bulletin brought up. 

It said that the time is pertinent for private speculation to wake up. "Monetary arrangement, with the biggest capex financial plan ever, with its accentuation on working together better, has offered to jam it in. Will Indian industry and business get the gauntlet," the Bulletin questioned. 

Strategy predicament 

The RBI announcement said financial arrangement specialists are set between the 'rock' of animating the economy and the 'hard spot' of guaranteeing feasible accounts. 

Moreover, financial specialists experience a comparative situation of clashing pulls – guaranteeing an organized development of the loan cost structure even with still expanded acquiring needs, pitched against the interest to stay accommodative and uphold the recuperation. 

The Monetary Policy Authority (MPC) has cut the key loaning rate, repo, by 250 premise focuses since February 2019 to help development. One bps is 100th of a rate point. 

"While strategy specialists show determination in their responsibility, markets are attacked by vulnerability and irregular movements between chases for returns and trips to wellbeing. A mutual perspective and normal assumptions will probably be the anchor in this choppiness," the RBI Bulletin said. 

Markets need to depend on the history of specialists during the century's most difficult year – of keeping markets and organizations working; of facilitating getting expenses and spreads; of keeping money streaming – truth be told, there is next to no else to hang a cap on. A methodical development of the yield bend serves all, it noted.

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