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Special trading session: Sensex, Nifty settles at record closing high levels – Times of India

NEW DELHI: Equity benchmark indices Sensex and Nifty settles at record high closing levels during special trading session on Saturday. Nifty closed up 0.18% or 39.65 points at 22,378.40, while Sensex climbed 0.08% or 60.80 points to 73,806.15.
Sensex reached a new record high of 73,994.70, gaining 249.35 points or 0.33% during the session. Nifty also hit its lifetime peak of 22,419.55, after advancing 80.8 points or 0.36%.
The market capitalisation of BSE-listed companies reached an all-time high of Rs 394.06 lakh crore.
BSE and NSE are conducting the special trading session to assess their preparations in handling major disruptions or failures at the primary site.
NSE and BSE were under scrutiny by the markets regulator after a major trading outage in February 2021 due to telecoms glitch, causing the exchanges failing to migrate to the disaster recovery site.
The first part of the trading session took place from 9:15 am to 10 am on Primary Site, and the second part from 11:30 am to 12:30 pm on the Disaster Recovery site.
In separate circulars, the BSE and NSE announced, “Trading members are requested to note that the exchange will conduct a special live trading session with intraday switch over from Primary Site (PR) to Disaster Recovery Site (DR) on Saturday, March 2, in equity and equity derivatives segments.”
Twelve of the thirteen major sectors advanced during the special session. Small- and mid-cap stocks outperformed the blue-chips, rising by 0.69% and 0.74% respectively.
Metals stocks climbed by 1.58%, led by Tata Steel, which saw a 3.60% increase after rising by approximately 6.5% on Friday. Hero MotoCorp gained 1.57% following an 18.75% year-on-year growth in total sales in February. Tata Steel and Hero MotoCorp were the top two gainers in the Nifty.
Mahindra & Mahindra, NTPC, Kotak Mahindra Bank, and UltraTech Cement were among the laggards.

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