Share Market HIGHLIGHTS: Nifty closes above 22,400 for first time ever, Sensex up 66 pts at record 73,872; NTPC stock soars
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex registered fresh record closing highs on Monday, March 4, led by gains in financial and oil & gas shares though losses in big IT names such as TCS and Infosys limited the upside.
Meanwhile, here are some of the stocks that made headlines:
- Why CLSA and other analysts have turned cautious on Tata Steel, JSW Steel, other steel stocks
- Here's how NTPC, PowerGrid, NHPC, SJVN shares fared after PM Modi inaugurated energy projects in Telangana
- Bajaj Auto, a potential re-rating candidate, says JP Morgan; check the target price
- Luxury housing demand will grow by double digits in 10 years, says CLSA; DLF, Oberoi Realty top picks
- Tata Motors to demerge CV and PV businesses into separate listed companies
- Moody's raises India's GDP growth forecast for 2024 to 6.8% from 6.1%
- BHEL shares notches fresh 52-week high
- How Cabinet nod to semiconductor units benefit CG Power, Tata Electronics
- M&M shares take a breather after soaring 17% in one month; should you book profit?
Catch all the highlights of the March 4 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog:
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty50 and Sensex registered fresh record closing highs on Monday, March 4, led by gains in financial and oil & gas shares though losses in big IT names such as TCS and Infosys limited the upside.
Meanwhile, here are some of the stocks that made headlines:
- Why CLSA and other analysts have turned cautious on Tata Steel, JSW Steel, other steel stocks
- Here's how NTPC, PowerGrid, NHPC, SJVN shares fared after PM Modi inaugurated energy projects in Telangana
- Bajaj Auto, a potential re-rating candidate, says JP Morgan; check the target price
- Luxury housing demand will grow by double digits in 10 years, says CLSA; DLF, Oberoi Realty top picks
- Tata Motors to demerge CV and PV businesses into separate listed companies
- Moody's raises India's GDP growth forecast for 2024 to 6.8% from 6.1%
- BHEL shares notches fresh 52-week high
- How Cabinet nod to semiconductor units benefit CG Power, Tata Electronics
- M&M shares take a breather after soaring 17% in one month; should you book profit?
Catch all the highlights of the March 4 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog:
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Share Market Today: Broader indices Nifty Midcap 100, Nifty Smallcap 100 a mixed bag
|
Index |
Mar 4 close | Change (%) |
| NIFTY 500 | 20,432.05 | 0.05 |
| NIFTY MIDCAP 100 | 49,248.90 | 0.2 |
| NIFTY SMALLCAP 100 | 16,087.25 | -0.51 |
The Nifty 500, the broadest index on NSE, finishes the day with a mild gain of 0.1 per cent.
Share Market Today: Looking for long-term ideas for your portfolio? Here are 12 stocks that analysts are upbeat about
With benchmark indices Sensex and Nifty50 reaching new milestones every other day, investors are looking for opportunities to grow their wealth on Dalal Street. Here’s a list of stocks that many analysts are bullish on from a long-term perspective, each backed by thorough research and analysis.
- HDFC Securities recommends buying Birla Corporation shares for targets to the tune of Rs 1,725-1,760 over a horizon of 2-3 quarters
- Geojit Financial Services suggests buying Manappuram Finance shares for a target of Rs 215
- Sharekhan has a ‘buy’ call on SBI shares with a target price of Rs 915
Share Market Today: NTPC, HDFC Life, Power Grid, ONGC, BPCL rise most among 25 Nifty gainers; Eicher Motors, JSW Steel, SBI Life, M&M, Britannia top losers
Top Nifty50 gainers
| Stock | Mar 4 close | Change (%) |
| NTPC | 354.35 | 3.69 |
| HDFCLIFE | 609 | 2.82 |
| POWERGRID | 294.6 | 2.7 |
| ONGC | 279.2 | 2.68 |
| BPCL | 641.9 | 2.67 |
| BAJAJ-AUTO | 8,206.00 | 2.05 |
| DRREDDY | 6,334.90 | 1.54 |
| COALINDIA | 455.2 | 1.49 |
| RELIANCE | 3,010.00 | 0.93 |
| AXISBANK | 1,105.25 | 0.78 |
Top Nifty50 losers
| Stock | Mar 4 close | Change (%) |
| EICHERMOT | 3,756.90 | -2.68 |
| JSWSTEEL | 826 | -2.24 |
| SBILIFE | 1,515.00 | -2.06 |
| M&M | 1,926.00 | -1.74 |
| BRITANNIA | 4,840.00 | -1.68 |
| LTIM | 5,214.00 | -1.53 |
| TATASTEEL | 153 | -1.45 |
| APOLLOHOSP | 6,050.00 | -1.36 |
| INFY | 1,635.75 | -1.24 |
| ULTRACEMCO | 9,986.00 | -1.19 |
Share Market Today: Nifty Oil & Gas, Nifty Private Bank, Nifty Financial Services top gainers among NSE's sectoral indices
| Index | Mar 4 close | Change (%) |
| NIFTY OIL & GAS | 11,972.00 | 1.87 |
| NIFTY PRIVATE BANK | 23,779.70 | 0.4 |
| NIFTY FINANCIAL SERVICES | 20,927.25 | 0.38 |
| NIFTY BANK | 47,456.10 | 0.34 |
| NIFTY PHARMA | 18,960.20 | 0.29 |
| NIFTY PSU BANK | 7,139.50 | 0.26 |
| NIFTY REALTY | 927.45 | 0.16 |
| NIFTY HEALTHCARE INDEX | 11,865.35 | -0.1 |
| NIFTY METAL | 8,318.95 | -0.23 |
| NIFTY CONSUMER DURABLES | 32,860.90 | -0.34 |
| NIFTY FMCG | 54,221.75 | -0.45 |
| NIFTY AUTO | 20,840.20 | -0.49 |
| NIFTY IT | 37,314.80 | -0.77 |
| NIFTY MEDIA | 2,017.15 | -1.85 |
Share Market Today: Dalal Street at fresh peaks; Sensex ends 66 pts higher at record 73,872, Nifty above 22,400
Share Market Today LIVE: Toyam Sports stock slips after early gains following new acquisition
Shares of Toyam Sports were in focus on BSE on Monday (March 4, 2024) after the company announced its acquisition of the England Champions cricket team in partnership with Bollywood icon Jacqueline Fernandez.
The counter opened at Rs 6.29 and went on to touch the day's high of Rs 6.31.
Share Market Today LIVE: After rising 17% in a month, M&M shares take a breather; should you book profit?
CLSA has downgraded M&M to ‘outperform’ from ‘buy’ though raised its target price for the auto stock to Rs 2,115 from Rs 2,074.
Read more on Mahindra & Mahindra shares
Share Market Today LIVE: BHEL shares scale 52-week high; what's pushing the stock higher?
BHEL shares hit a fresh 52-week high of Rs 269.4 apiece, surpassing an existing 52-week high registered in the previous session.
BHEL shares have been included in the MSCI Global Standard index.
According to Nuvama Institutional Equities, the inclusion of the state-run Maharatna firm in the MSCI global index is expected to result in inflows to the tune of $163 million.
Stock Market Today LIVE: Bajaj Auto a potential re-rating candidate, says JPMorgan; check out target price
Bajaj Auto shares rise by as much as Rs 181.5, or 2.3 per cent, to Rs 8,224.3 apiece on BSE, after JPMorgan maintains an 'overweight' rating on the auto maker and revised its target price for the stock to Rs 8,900 from Rs 8,275.
Read more on how JPMorgan views Bajaj Auto
Stock Market Today LIVE: Bharat Highways InvIT IPO allotment likely today
The allotment process of the Bharat Highways InvIT IPO is likely to be finalised today.
Those who applied for the initial share sale can check the allotment status of their application online.
Read more on how to check Bharat Highways INvIT IPO allotment online
Sensex LIVE | NTPC, ICICI Bank, Power Grid, Axis Bank power index gains; selling pressure Infosys, JSW Steel, Mahindra & Mahindra limits upside
Take a look at how the 30-scrip benchmark has moved so far today:
Image: BSEIndia.com
Sensex LIVE Update: NTPC, Power Grid, Axis Bank, Reliance, Bharti Airtel top index gainers; JSW Steel, M&M, Tata Steel, Infosys, UltraTech top laggards
As many as 18 stocks in the 30-scrip basket struggle below the flatline, with JSW Steel, Mahindra & Mahindra and Tata Steel being the worst hit.
Image: BSEIndia.com
Sensex LIVE: Sensex holds above 73,850 as market off day's highs
The Sensex is up 61 points, or 0.1 per cent, at 73,867.1, having gyrated in a 243-point range, between 73,747 and 73,990, in intraday trade so far.
Share Market Today LIVE: Bharti Airtel stock trades firmly in the green after telecom major expands network footprint in Solapur district under rural enhancement project
Bharti Airtel shares rise by as much as Rs 18.4, or 1.6 per cent, to Rs 1,149 apiece.
The private sector telecom major has deployed additional sites in Solapur district to densify its network. The Solapur network enhancement project was undertaken across 1,100 villages covering a 27 lakh population base. Customers in the tehsils of Akkalkot, Barshi, Karmala, Madha, Malshiras, Mangalvedhe, Mohol, Pandharpur and Sangole under the Solapur district will directly benefit from this network enhancement, according to a company statement.
The expansion will enable seamless access to high-speed connectivity that will ensure reliable mobile network for work, study and entertainment in rural Solapur. In this year alone, Airtel has doubled down on its commitment to the state and has invested additional capex to enhance its network connectivity for seamless experience on 4G, 5G, Broadband and Fiber.
Image: BSEIndia.com