Sensex Zooms Over 1000 Points In Afternoon Trade, Adani Group Stocks Rally

BSE Sensex rallied nearly 1000 points to 59,954.04 while NSE Nifty advanced 317.35 points to 17,639.25 points in afternoon trade on March 3, 2023. Nifty Bank soared 929 points to 41,319.70 and Nifty Midcap jumped 246 points to 30,733.45 till 2:46 pm
on Friday.

Earlier, share markets opened higher on Friday in early trade and managed to bounce back from last day's decline amid a positive trend in global equities and fresh foreign fund inflows, according to a PTI report.

It is worth noting that Adani Enterprises, SBI, Adani Ports, Reliance, and Tata Steel emerged as most active shares on NSE till 2:48 pm. Adani Enterprises gained 17.14% and Adani Ports and Special Economic Zone Ltd soared 10.72% intraday on NSE. Shares of State Bank of India soared over 5% in trade today.

Meanwhile, from the Sensex pack, State Bank of India, Reliance, Bajaj Finance and HDFC Bank are the major gainers till noon trade. Nifty PSU Bank emerged as the best sector with gain of over 5% and Nifty Pharma is the worst sector with intraday gain of 0.25%.

It is worth mentioning that global stock markets rallied on Friday after Federal Reserve official increased hopes that the US Central Bank might not intensify its anti-inflation fight as much as feared. Oil prices edged higher.