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Benchmark indices ended higher for the second consecutive session on March 2 with Nifty above 14,900 supported by the IT and Auto stocks.

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

Tata Motors, M&M, Wipro, Adani Ports and NTPC were among the major Nifty gainers, while losers were ONGC, HDFC, Dr Reddys Labs, Coal India and Power Grid Corp.

Among sectors, Nifty IT and auto indices rose 3 percent each. BSE Midcap and Samllcap indices each added 1.5 percent.

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Topic :- Time:3.00 PM

Yet another rangebound session is going to end soon. Nifty spot if manages to hold above 14800 on closing basis then expect some further upmove in coming sessions.

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Topic :- Time:2.00 PM

Nifty is likely to turn volatile now. Nifty spot if manages to trade and sustain above 14860 level then expect some further upmove and if it breaks and trade below 14820 level then some decline can be observed.

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Topic :- Time:1.40 PM

4G spectrum auction ends, Government nets Rs 77,800 crore:

Despite the short sale, the government is expected to generate the second-highest proceeds after it had raised Rs 1,13,932 crore in the 2015 auctions, with Reliance Jio Infocomm, Bharti Airtel and Vodafone Idea mostly bidding to renew airwave permits expiring from July.

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Topic :- Time:1.30 PM

Just In:

ReNew Power pins hopes on Nasdaq listing for funding need till FY25.

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Topic :- Time:1.30 PM

COPPER Trading View:

COPPER is trading at 696.15.If it manages to trade and sustain above 696.80 level then expect some further upmove in it and if it breaks and trade below 695.80 level then some decline can follow in it.

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Topic :- Time:1.00 PM

Nifty spot is trading at 14827.If it manages to trade and sustain above 14850 level then expect some further upmove and if it breaks and trade below 14800 level then some decline can be seen in the Nifty.

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Topic :- Time:12.30 PM

GOLD Trading View:

GOLD is trading at 45266.If it manages to trade and sustain above 45320 level then expect some upmove in it and if it breaks and trade below 45220-45200 levels then some decline can be seen in it.

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Topic :- Time:12.10 PM

Nifty is likely to trade in range now for some time. Nifty spot if manages to trade and sustain above 14840-14850 levels then expect some quick upmove and if it breaks and trade below 14800 level then some decline can be seen in the market. Currently Nifty is trading at 14816.

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Topic :- Time:12.00 PM

News Wrap Up:

1. Indices off days high; IT stks outperform, financials slip

2. Spectrum auction: Telcos place bids worth Rs 77,000 crore on Day 1

3. Govt considering reduction in excise duties on petrol, diesel

4. China declares war on cryptocurrency mining, stirring wider fear

5. India cases at 11,124,527; BJP MP from Khandwa dies

6. Sebi plans change in norms to trim promoters sway on independent directors

7. Hero MotoCorp rises 2%, nears 52-week high as February sales improve

8. NSE signs pact to set up international bullion exchange at GIFT City

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 02 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 14520 level then expect some further upmove and if it breaks and trade below 14440 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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