Stock market touched record high in special trading session; Sensex past 73,800 mark

Both Sensex and Nifty closed in the green on Saturday during the special live trading session.

As NSE and BSE conducted their special live trading session today, both Sensex and Nifty ended up touching their record high during the two-hour window. While Sensex breached the 73,800 mark as the markets closed, Nifty was up by nearly 40 points during closing bell.

points, while BSE Sensex saw a 60 point surge during the second session of the live trading today, closing at 73,806 points.

While the markets are generally closed on the weekend, NSE and BSE conducted a special live trading session on March 2, Saturday in order to check the emergency disaster preparedness of the stock exchanges.

The special live trading session was split in two parts to aid the intra-day switch over from the primary site to the disaster recovery site. The first part of trading took place from 9:15 am to 10 am. The second one is from 11:30 am to 12:30 pm on the DR site, exchanges announced earlier.

The 30-share BSE Sensex was trading 128.7 points higher at 73,879.58 at the start of second part of the special trading session. The Nifty traded with a gain of 58.15 points at 22,396.90.

"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," BSE and NSE said in separate circulars.

Among the Sensex firms, Tata Steel, Tata Motors, Asian Paints, ITC, Wipro and Larsen & Toubro were the major gainers. Mahindra & Mahindra, NTPC, Kotak Mahindra Bank and UltraTech Cement were among the laggards.

Both Sensex and Nifty hit a record high for the second straight day, with the BSE index seeing a spike of over 1200 points on Friday. The primary reason behind this spike is the better than expected economic growth results of India for the December 2023 quarter, showing a growth of 8.4 percent.

India's manufacturing sector growth climbed to a five-month high in February amid a sharper uptick in factory production and sales, supported by both domestic and external demand, a monthly survey said on Friday.