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Business News/ Markets / Live Blog/  Sensex Today | Market Close Highlights : Sensex ends down 195pts, Nifty at 22,350; PSB, Auto index up, IT, FMCG, fall
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Sensex Today | Market Close Highlights : Sensex ends down 195pts, Nifty at 22,350; PSB, Auto index up, IT, FMCG, fall

Sensex Today | Market Close Highlights : Foreign institutional investors (FIIs) net sold shares worth 564.06 crore, while domestic institutional investors (DIIs) bought 3,542.87 crore worth of stocks on March 4, provisional data from the NSE showed.

Sensex Today | Market Close Highlights : The NSE F&O ban list for Tuesday, March 5, includes Zee Entertainment Enterprises. (Photo: Reuters)Premium
Sensex Today | Market Close Highlights : The NSE F&O ban list for Tuesday, March 5, includes Zee Entertainment Enterprises. (Photo: Reuters)

Sensex Today | Market Close Highlights : European shares moved lower on Tuesday as pledges by China to transform its economy amid stuttering growth failed to impress investors, while markets grew cautious ahead of a string of euro zone and U.S. economic data.

The pan-European STOXX 600 was down 0.3% by 9:10 GMT, after settling just below all-time highs on Monday.

Most Asian stocks slid on Tuesday, led by sharp declines in Hong Kong as the start of China's week-long annual session of parliament disappointed investors with its lack of big ticket stimulus plans to prop up the struggling economy.

Equity markets in the region were already on the back foot following a retreat from record highs on Wall Street on Monday, amid signs the U.S. Federal Reserve is in no hurry to cut interest rates. U.S. stock futures also pointed lower.

The Chinese government retained last year's target for economic growth of "around 5%" for this year, and announced plans to run a budget deficit of 3% of economic output, down from a revised 3.8% last year.

It also unveiled plans to issue 1 trillion yuan ($139 billion) in special ultra-long term treasury bonds, which are not included in the budget.

Mainland stocks reversed early losses with the blue-chip CSI 300 up about 0.45% by 0600 GMT, amid signs of suspected state-backed buying of some exchange-traded funds.

However, that failed to lift other markets in the region with Hong Kong's Hang Seng deepening earlier declines to 2.67%. MSCI's broadest index of Asia-Pacific shares outside Japan lost 1%.

Tokyo finished flat, a day after Japan's benchmark Nikkei index hit a record high, closing above 40,000 points for the first time.

South Korean shares fell nearly 1% as chipmakers and automakers dropped after their recent rallies, while battery firms also tracked U.S electric-vehicle Tesla's sharp losses.

The benchmark KOSPI ended down 0.93% to 2,649.40, logging its biggest daily percentage loss since Feb. 14. on the back foot following a retreat from record highs on Wall Street on Monday, on signs the U.S. Federal Reserve is in no hurry to cut interest rates. U.S. stock futures also pointed lower.

The Chinese government retained last year's target for economic growth of "around 5%" for this year, and announced plans to run a budget deficit of 3% of economic output, down from a revised 3.8% last year.

It also unveiled plans to issue 1 trillion yuan ($139 billion) in special ultra-long term treasury bonds, which are not included in the budget.

Early announcements from the NPC suggest "large fiscal stimulus is off the table for now," said James Kniveton, senior corporate FX dealer at Convera.

The Shanghai Composite Index was trading flat after recovering early losses, but Hong Kong's Hang Seng deepened early declines to slump 2.4%.

Japan's Nikkei slid 0.42% after reaching a fresh peak on Monday.

MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.7%.

Elsewhere, crude oil continued to tick lower, as demand headwinds counterbalanced a widely expected extension of voluntary output cuts through the middle of the year by the OPEC producer group.

Brent futures were off 10 cents to $82.70 a barrel, while U.S. West Texas Intermediate (WTI) eased 17 cents to $78.57 a barrel.

05 Mar 2024, 03:39:59 PM IST

Sensex Today Live : Closing Bell

Sensex Today Live : Breaking four days of their winning streak, Indian benchmark indices closed lower on Tuesday.

Sensex, which had opened lower at 73,767.42, climbed to a low of 73,412.25, but pared some of its losses, to end at 73,677.13, down 195.16 points, or 0.26%. Tata Motors, Bharti Airtel, SBI, Sun Pharma, and NTPC were the top gainers on the Sensex, while Bajaj Finserv, Bajaj Finance, Nestle India, Infosys, and TCS, were the top losers.

Meanwhile, the Nifty 50, which had also opened lower at 22,371.25, climbed to a low of 22,269.15 during intraday trades. However, at close, it was down 49.30 points, or 0.22%, at 22,356.30. The biggest losers at close for Nifty 50, were Bajaj Finserv, Bajaj Finance, Nestle India, Infosys, and TCS, whereas Tata Motors, Bharti Airtel, Bajaj Auto, SBI, and ONGC, were the top gainers.

Most heavyweight sectoral indices closed the day in the red, with the IT index closing down 1.59%, followed by the FMCG, down 1.05%. Among the gainers were the PSU Bank index, up 2.56% at close, followed by the Auto index, up 1.35%.

The broader market was also under pressure at close, with the BSE MidCap index closing down 0.17%, and the BSE SmallCap index closing down 0.63%.

05 Mar 2024, 03:26:13 PM IST

Sensex Today Live : Indian media and entertainment sector to cross ₹3 tn by 2026

Sensex Today Live : According to the annual Media and Entertainment report prepared by Ficci and EY, the Indian media and entertainment industry, which reached a value of 2.3 trillion in 2023, is projected to expand at a compound annual growth rate (CAGR) of 10%, attaining a worth of 3.08 trillion by 2026.

The report also highlighted that the industry’s growth of 17,300 crore in the previous year was only half of the 37,100 crore increase observed in 2022. This slowdown was primarily attributed to challenges faced in the advertising sector during the first half of the year. (Read the full report here.)

05 Mar 2024, 03:16:20 PM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : Most sectoral indices were in the red, with the IT index down 1.58%, followed by the Media index, down 1.37%. Among the gainers were the PSU Bank index, which was up 2.47%, followed by the Auto index, up 1.34%.

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05 Mar 2024, 03:12:42 PM IST

Sensex Today Live : Broader market indices heat map

Sensex Today Live : The broader market was under pressure, with the BSE MidCap index down 0.25%, while the BSE SmallCap index was down 0.59%.

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05 Mar 2024, 03:09:40 PM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : On the Nifty 50, Bajaj Finserv, Bajaj Finance, Nestle India, Infosys, and LTIMindtree, were the biggest losers, while Tata Motors, Bharti Airtel, Bajaj Auto, ONGC, and Sun Pharma, were the top gainers. 

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05 Mar 2024, 03:05:53 PM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : Tata Motors, Bharti Airtel, Sun Pharma, SBI and Mahindra & Mahindra, were the top gainers on the Sensex, while Bajaj Finserv, Bajaj Finance, Infosys, Nestle India, and TCS, were the top losers. 

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05 Mar 2024, 03:03:15 PM IST

Sensex Today Live : 3 pm Market Update

Sensex Today Live : Indian benchmark indices had pared some of their losses but were still trading in the red on Tuesday.

At 3 pm, the Sensex was down 140.07 points, or 0.07%, at 73,732.22, and Nifty was down 33.20 points, or 0.15%, at 22,372.40.

05 Mar 2024, 02:56:27 PM IST

Sensex Today Live : SignatureGlobal shares get a ‘Buy’ call from ICICI Securities; brokerage sees 20% upside potential

Sensex Today Live : Brokerage firm ICICI Securities has initiated coverage of SignatureGlobal India, with a ‘Buy’ rating and a target price of 1,705. This suggests a potential 20% increase from the closing price on Monday. The firm’s valuation of the company is based on 9 times the average embedded EBITDA from sales bookings for FY24-26E.

The report from ICICI Securities states, “Our valuation multiple of 9x is 40% lower than that of DLF, Signature’s nearest competitor. This takes into account that Signature will need to reinvest its earnings for land bank renewal, while its peer DLF benefits from its historical possession of low-cost land in Gurugram. (Read the full story here.)

05 Mar 2024, 02:41:42 PM IST

Sensex Today Live : Bloomberg to add India to EM Bond Indexes from Jan 31, 2025

Sensex Today Live : Bloomberg today announced inclusion of India Fully Accessible Route (FAR) bonds in the Bloomberg Emerging Market (EM) Local Currency Government Index and related indices, to be phased in over a ten-month period, starting January 31, 2025.

Indian FAR bonds will be included in the Bloomberg EM Local Currency Government indices with an initial weight of 10% of their full market value on January 31, 2025.

The weight of FAR bonds will be increased in increments of 10% of their full market value every month over the ten-month period ending in October 2025, at which point they will be weighted at their full market value in the indices.

The indices in scope for inclusion include the Bloomberg EM Local Currency Government Index, the Bloomberg EM Local Currency Government Index 10% Country Capped Index, and all related sub-indices.

Once completely phased into the Bloomberg Emerging Market 10% Country Capped Index, India is expected to join both China and South Korea as markets that reach the 10% cap.

Within the market cap weighted version of the index, India is expected to be the third largest country after China and South Korea.

Using data as of January 31, 2024, the index would include 34 Indian securities and represent 7.26% of a $6.18 trillion index on a market value weighted basis.

05 Mar 2024, 02:27:12 PM IST

Sensex Today Live : Allied Digital Services bags order worth ₹190 crore; shares up more than 6%

 

Sensex Today Live : Allied Digital Services Limited has received a Letter of Intent for Taloja (town in Navi Mumbai) Smart Industrial City Solution contract worth 190 Crore.

This project spans an 18-month implementation period, followed by a 60-month Operations and Maintenance phase.

The scope of work for this project encompasses the establishment of an Integrated Command & Control Centre (ICCC) at both the Corporation's Head office and the Industrial Township.

The ICCC software will seamlessly integrate with a Cloud-based Data Center/Disaster Recovery system. In addition, the project includes the deployment of a state-of-the-art CCTV-based Surveillance System to enhance security and monitoring capabilities.

05 Mar 2024, 02:18:58 PM IST

Sensex Today Live : Lupin, Federal Bank, Westlife FoodWorld among Axis Securities' top 7 mid, small-cap picks for March; check full list

Sensex Today Live : Mid and smallcap stocks have maintained their upward trend in 2024 year-to-date (YTD), building on the momentum from 2023.

Axis Securities, a brokerage firm, suggests that the recent robust recovery of mid and smallcap stocks has resulted in their valuations becoming less attractive compared to largecap stocks.

This could trigger short-term adjustments in the wider markets, potentially redirecting investment flows towards largecap stocks.

Despite this, the brokerage maintains a positive long-term view of the broader market, highlighting its enduring appeal even amidst temporary market swings. Axis Securities has also released a list of seven promising mid and smallcap stocks for March. Let’s take a look. (Read the full story here.)

05 Mar 2024, 02:02:35 PM IST

Sensex Today Live : 2 pm Market Update

Sensex Today Live : Indian benchmark indices had pared some of their losses but were still muted on Tuesday, following negative cues from global peers.

At 2 pm, the Sensex was down 124.26 points, or 0.17%, at 73,748.03, and Nifty was down 32.50 points, or 0.15%, at 22,373.10.

05 Mar 2024, 01:59:53 PM IST

Sensex Today Live : Colin Shah, MD of Kama Jewelry, says gold prices may cross ₹70,000 mark by year end

Sensex Today Live : "The performance of yellow metal has shown a sustained momentum in February, along with a surge witnessed in the last week of the month, owing to global influence of the US Fed rates. 

While gold prices hover around INR 62,000, this gradual progression is building the steam for the prices to scale new-highs, and probably cross the INR 70,000 mark down the year. 

While there are talks of rate cuts by the US Fed in the near future driven by the larger goal of bringing the rate down to 4% bracket by the end of this year, we foresee gold prices to continue strengthening in the back-drop of global economic events and consumption demands.

Domestically too, the higher consumption rate along with a considerable size of population considering gold as an investment asset class, the prices will be overshadowed by the strong demand. 

Overall, we see the yellow metal prices being bullish throughout the year with the consumption class being strong determinants of the price performance."

05 Mar 2024, 01:49:05 PM IST

Sensex Today Live : Ather chooses HSBC, JPMorgan, Nomura, Indian Banks for IPO, aiming for mid-year launch, say sources

Sensex Today Live : Electric-scooter manufacturer Ather Energy has reportedly chosen HSBC Holdings, Nomura Holdings, and JPMorgan Chase & Co to oversee its initial public offering (IPO) process, which commenced on March 5, as per a Bloomberg report.

The Bengaluru-based company, Ather, has also reportedly enlisted local banks, including JM Financial and Axis Bank, for its debut share sale, according to anonymous sources due to the sensitive nature of the information.

The report suggests that the IPO could potentially occur as early as the latter half of 2024 in Mumbai, subject to market conditions, and there’s a possibility that additional banks may be involved. When approached for comments, representatives from the five banks and Ather chose not to respond.

05 Mar 2024, 01:35:43 PM IST

Sensex Today Live : Kumar Rakesh, Analyst – IT & Auto at BNP Paribas, gives his views on what the demerger of Tata Motors' businesses means for its stock and valuations

Sensex Today Live : Kumar Rakesh, Analyst – IT & Auto at BNP Paribas, said, "This is a further step in the direction of streamlining Tata Motors' organization and capital structure, which started with American Depository Shares delisting, followed by plans of Differential Voting Rights delisting and now the announcement of separate listing of the Passenger Vehicle (PV) and Commercial Vehicle (CV) businesses. We value PV business at INR583/share and CV business at INR336/share. The board will likely appoint a valuation committee in the coming months to determine the share ratios for the demerged entities. This is a strong vote of confidence by the Tata Motors Board in the turnaround of its PV and JLR business, and its sustainability. We think JLR’s turnaround to become a modern luxury brand offers upside potential to our margin and FCF expectations. Further, despite the recent re-rating, TTMT is trading at an attractive FY25E FCF yield, highest in our coverage. TTMT is our sector top pick."

05 Mar 2024, 01:21:00 PM IST

Sensex Today Live : Higher property prices no bar, buyers seek larger homes, says Ficci-Anarock survey

Sensex Today Live : The trend among homebuyers is shifting towards three-bedroom apartments with balconies, overtaking the demand for two-bedroom homes, as the need for larger living spaces grows.

According to the Ficci-Anarock Consumer Sentiment Survey conducted in the latter half of 2023, half of the respondents showed a preference for three-bedroom apartments (3BHKs), while only 38% opted for two-bedroom homes. This preference for 3BHKs has seen an increase from 42% recorded during the same period the previous year. (Read the full story here.)

05 Mar 2024, 01:03:55 PM IST

Sensex Today Live : 1 pm Market Update

Sensex Today Live : 1 pm Market Indian benchmark indices had pared some of their losses but were still muted on Tuesday, following negative cues from global peers.

At 12 pm, the Sensex was up 33.08 points, or 0.04%, at 73,905.37, and Nifty was down 2.05 points, or 0.01%, at 22,403.55.

05 Mar 2024, 12:49:59 PM IST

Sensex Today Live : Defence Ministry inks MoU with BEML, BEL & Mishra Dhatu Nigam for to develop engines for heavy duty applications

Sensex Today Live : The Defence Ministry has signed a tripartite Memorandum of Understanding (MoU) with BEML Limited, Bharat Electronics Limited (BEL) and Mishra Dhatu Nigam Limited (MIDHANI) for indigenous development of Advanced Fuelling and Control System for Engines for heavy duty applications, a press release said today.

This initiative will focus on leveraging indigenous capabilities to design, test, and manufacture an Advanced Fuelling and Control System that offers enhanced efficiency, performance, and reliability.

05 Mar 2024, 12:40:08 PM IST

Sensex Today Live : Total Transport System collaborate with CONCOR for smoother Export LCL Movement from ICD Ankleshwar to Nava Sheva (JNPT)

Sensex Today Live : Total Transport Systems, a provider of consolidated, freight forwarder of cargoes and air freight announced the launch of the Export LCL Movement from ICD Ankleshwar to Nava Sheva (JNPT) in collaboration with Container Corporation of India.

The collaboration between Total Transport Systems and CONCOR, facilitated by the Container Corporation of India Ltd (CONCOR) ICD Ankleshwar, marks a pivotal moment in enhancing trade operations and fostering economic growth in the region.

By introducing a smoother cargo movement route, Total Transport Systems aims to address market demands effectively while bolstering the competitiveness of businesses across South Gujarat.

05 Mar 2024, 12:29:12 PM IST

Sensex Today Live : Mahindra Lifespaces Developers enters Pune East, with 506, 2, 3, and 4 BHK units

Sensex Today Live : Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, announced the launch of Mahindra Codename Crown, in an exchage filing today.

The real estate project is located in the Kharadi Annex, 4 kms from World Trade Center, on a 5.38-acre property.

It offers a range of 2, 3 & 4 BHK homes, with two towers of 2 & 3 BHK homes and an exclusive 4 BHK tower, comprising over 500 units.

05 Mar 2024, 12:19:01 PM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : Barring PSU Bank (up 1.6%), Auto (up 1.37%), and Realty (up 0.70%), all other sectoral indices were in the red.

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05 Mar 2024, 12:16:44 PM IST

Sensex Today Live : Broader market indices heat map

Sensex Today Live : The broader markets were down, with the BSE MidCap index losing 0.2%, while the SmallCap index was down 0.48%.

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05 Mar 2024, 12:12:07 PM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : Infosy, TCS, LTIMindtree, SBI Life and Nestle India, were the top losers on the Nifty 50, while Tata Motors, Bharti Airtel, Mahindra & Mahindra, SBI, and Bajaj Auto, were the top gainers. 

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05 Mar 2024, 12:09:25 PM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : Tata Motors, Bharti Airtel, SBI, Mahindra & Mahindra, and Sun Pharma, were the top gainers on the Sensex, while Infosys, TCS, Nestle India, Bajaj Finserv, and Wipro, were the top losers. 

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05 Mar 2024, 12:02:30 PM IST

Sensex Today Live : 12 am Market Update

Sensex Today Live : Indian benchmark indices had pared some of their their losses, but were still in the red on Tuesday, follwing negative cues from global peers.

At 12 pm, the Sensex was down 235.89 points, or 0.32%, at 73,636.40, and Nifty was down 65.95 points, or 0.29%, at 22,339.65.

05 Mar 2024, 11:57:23 AM IST

Sensex Today Live : Commodity derivatives are good for farmers – if govt stops meddling in markets

Sensex Today Live : On Monday, Mint reported that the finance ministry has added 13 new commodities to the derivatives trading list. This move aims to help businesses, including companies and farmers, as well as producers and consumers, to better manage price risks. The newly added commodities encompass farm products like apples, cashews, garlic, skimmed milk powder, white butter, timber, and bamboo.

Although India initiated derivatives trading in agricultural commodities over two decades ago, farmers have been unable to reap the benefits due to frequent suspensions and bans imposed by various governments.

For instance, in August 2021, the trading of chana derivatives was halted. Similarly, in October 2021, trading was suspended for several commodities including mustard, non-Basmati paddy, wheat, soya bean and its derivatives, crude palm oil, and moong dal. (Read the full story here.)

05 Mar 2024, 11:47:39 AM IST

Sensex Today Live : Top 5 quality stocks trading near 52-week lows. Should you buy?

Sensex Today Live : The Indian stock markets have been soaring in the recent past, providing investors with substantial returns. The majority of stocks, along with the broad market index, have reached unprecedented highs.

However, not all stocks have benefited from this surge. Some are still trading at their lowest levels in the past year.

Investing in a declining stock can be risky, often compared to catching a falling knife, as it has led to significant losses for many, with their investments continuing to decrease in value. Hence, deciding to buy during a dip requires thoughtful deliberation.

Nonetheless, if done judiciously, it can offer an excellent chance to acquire high-quality stocks at bargain prices. (Read the full story here.)

05 Mar 2024, 11:22:58 AM IST

Sensex Today Live : Manappuram Finance board approves raising ₹200 crores through NCDs for two years

Sensex Today Live : Manappuram Finance in an exchange filing today said its board has approved raising 200 crores through Non-Convertible Debentures of face value of 1,00,000 on private placement basis. The exchange filing from the company added that the proceeds from the fund raise will exclusively be used for "deployment in business and growth of asset book of the issuer".

05 Mar 2024, 11:02:12 AM IST

Sensex Today Live : 11 am Market Update

Sensex Today Live : Indian benchmark indices had extended their losses on Tuesday, follwing negative cues from global peers.

At 11 am, the Sensex was down 361.65 points, or 0.49%, at 73,510.64, and Nifty was down 98.85 points, or 0.44%, at 22,306.75.

05 Mar 2024, 10:55:29 AM IST

Sensex Today Live : Technical and Derivatives Research, BlinkX & JM Financial, gives technical outlook on Bank Nifty for today

Sensex Today Live : Bank Nifty 06 Mar weekly cmp fut 47,659

The trading setup

FII net sell -40 crs. OI PCR 1.3 suggests dominance of puts OI over calls.

45500, 46000, 47000 put writing action picks up which pulls up the OI PCR.

Fresh OI addition at 47400 in both calls and puts suggest a short straddle strategy at play on expectation of 47,000-48,000 range to hold till 6 Mar.

Daily view: Rangebound Resistance 47,500 /48,000 Supports 47,000.

Momentum Regains above 47,500

05 Mar 2024, 10:47:54 AM IST

Sensex Today Live : India's Services PMI eases to 60.6 in February, from 61.8 in January

Sensex Today Live : The services sector in India maintained its growth trajectory in February, as evidenced by the HSBC Purchasing Managers’ Index (PMI) registering a score of 60.6, according to data published on March 5.

Although the February services PMI of 60.6 fell short of the preliminary estimate of 62.0 announced on February 22, it remained above the crucial threshold of 50. This marks the 31st consecutive month of expansion, where a score above 50 indicates growth and below 50 signifies contraction.

In comparison, the services PMI for January was slightly higher at 61.8.

05 Mar 2024, 10:45:10 AM IST

Sensex Today Live : Nifty view for today by Technical and Derivatives Research, BlinkX & JM Financial

Sensex Today Live : Long : Short Ratio is at 38% : 62%

VIX at 14.92

FIIs outlook positive for indices & neutral for FnO stocks

NF witnessed OI unwinding only to the tune of 1% with flat price closing + its PCR_OI is at 1.30 indicating a neutral to positive outlook

22400 straddle witnessed the max OI additions yesterday - CE saw 0.52 L contracts & PE saw 0.50 L contracts added

On the CE side, some OI additions seen in 22,450/22,500 CE with each around 0.21 L contracts

On the PE side, 22,200 PE saw the second highest OI added yesterday around 0.35 L contracts

Intraday resistance at 22,450 above which it can test 22,600

Intraday support at 22,350 followed by important support at 22,200

All spot levels

05 Mar 2024, 10:38:16 AM IST

Sensex Today Live : Purv Flexipack share price lists with strong 266% premium over the issue price on the NSE SME

Sensex Today Live : Purv Flexipack Limited listed at a premium of 266% over the issue price, opening at 266 per share on the NSE SME.

Interest in its IPO was evident, with the public issue subscribed 448.73 times in the retail category, 157.32 times in the QIB, and 690.72 times in the NII category by February 29, 2024.

Even the Grey Market Premium (GMP) for Purv Flexipack reached 130, indicating that the share price was trading at a premium in the grey market compared to the issue price, as reported by investorgain.com.

05 Mar 2024, 10:22:28 AM IST

Sensex Today Live : Exicom Tele-Systems stock opens with 86.62% premium at ₹265 on NSE

Sensex Today Live : Exicom Tele-Systems had an impressive debut on the stock exchanges today. On the National Stock Exchange (NSE), its share price opened at 265 per share, a remarkable 86.62% higher than the issue price of 142. Meanwhile, on the Bombay Stock Exchange (BSE), Exicom Tele-Systems’ share price started at 264 apiece, reflecting an 85.92% increase over the issue price.

Market experts had anticipated that Exicom Tele-Systems’ share price would list within the range of 282 to 299 . The company’s strong debut has certainly caught investors’ attention, and it will be interesting to see how its stock performs in the coming days.

05 Mar 2024, 10:16:14 AM IST

Sensex Today Live : Small investors are savvier; look what they did with small-cap stocks

Sensex Today Live : Retail investors seem to have become more astute in their stock trading strategies, strategically exiting small-cap stocks when prices were at their peak.

In the category of retail investors, there was a noticeable decrease in their stake in these stocks between the March and December quarters. This was a time when numerous small-cap stocks yielded exceptionally high returns. Historically, many retail investors have been caught in the trap of purchasing overvalued shares and selling them when prices fell. (Read the full story here.)

05 Mar 2024, 10:02:23 AM IST

Sensex Today Live : 10 am Market Update

Sensex Today Live : Indian benchmark indices were in the red on Tuesday, follwing negative cues from global peers.

At 10 am, Sensex was down 284.19 points, or 0.38%, at 73,588.10, and Nifty was down 76.70 points, or 0.34%, at 22,328.90.

05 Mar 2024, 09:52:06 AM IST

Sensex Today Live : Kalpataru Projects International bags EPC order from Saudi Aramco to lay down 800 km of gas pipeline; shares up

Sensex Today Live : Kalpataru Projects International has announced that it has received a Letter of Intent (LoI) from Saudi Arabia’s energy major, Aramco, for carrying out EPC work for three packages of the third expansion phase of the Master Gas System Network (MGS‐3) in Saudi Arabia.

The EPC scope covers laying of over 800 kms of lateral gas pipeline.

The exact contract value of the three packages will be confirmed upon contract execution, the company said in an exchange filing.

05 Mar 2024, 09:41:52 AM IST

Sensex Today Live : IIFL Finance shares crash nearly 20% after RBI stops the lender from disbursing new gold loans

Sensex Today Live : On Monday, the Reserve Bank of India (RBI) instructed IIFL Finance to cease the distribution of gold loans due to "significant supervisory concerns" identified in the non-banking financial company's gold loan portfolio. The central bank highlighted that these lapses, which include regulatory breaches, negatively affect customer interests. The RBI had conducted an examination of the company's financial status as of 31 March 2023. The RBI discovered "grave discrepancies" in the evaluation and certification of gold used as security for loans and during auctions in case of default during this inspection.

05 Mar 2024, 09:38:51 AM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : Across sectors, the Nifty Auto was the biggest gainer, trading up 1.34%, while the IT index was down 0.93%. 

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05 Mar 2024, 09:35:44 AM IST

Sensex Today Live : Broader market indices heat map

Sensex Today Live : The broader markets were largely green, with the BSE MidCap index up 0.32%, and the BSE SmallCap index marginally up by 0.09%. 

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05 Mar 2024, 09:26:09 AM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : Tata Motors, UPL, Mahindra & Mahindra, Apollo Hospital Enterprises, and Eicher Motors, were the top gainers on the Nifty 50, while ICICI Bank, HCL Tech, Power Grid Corp., Axis Bank, and TCS, were the top losers.   

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05 Mar 2024, 09:24:10 AM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : Tata Motors, Mahindra & Mahindra, Bajaj Finserv, Bharti Airtel, and ITC, were the top gainers on the Sensex, while Power Grid Corp., HCLTech, TCS, ICICI Bank and Axis Bank, were the top losers in early trades.

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05 Mar 2024, 09:22:07 AM IST

Sensex Today Live : Tata Motors shares jump more than 4% on news of demerger of commercial and passenger vehicle businesses

Sensex Today Live : The leading Indian automaker has announced its decision to separate its commercial and passenger vehicles businesses into distinct listed entities. This strategic move is designed to unlock potential value and reflects the company's confidence in the future of both sectors. The commercial vehicles (CV) division of Tata Motors, which manufactures trucks, vans, and buses, will operate separately from the passenger vehicles (PV) division that produces cars, SUVs, and electric vehicles (EV). The PV division also encompasses Jaguar Land-Rover (JLR), a British luxury car manufacturer that contributes over 80% of its revenue.

05 Mar 2024, 09:18:11 AM IST

Sensex Today Live : Opening Bell

Sensex Today Live : Indian benchmark indices opened in the red on Tuesday, follwing negative cues from global peers.

At opening bell, Sensex was down 90.56 points, or 0.12%, at 73,781.73, and Nifty was down 61.55 points, or 0.27%, at 22,344.05.

05 Mar 2024, 09:14:06 AM IST

Sensex Today Live : Godrej Properties bags land parcel with revenue potential worth ₹3,000 crore in Sector 44, Noida; shares in focus

Sensex Today Live : Godrej Properties today announced that it has been declared the highest bidder and has secured the allotment letter to develop a prime land parcel in Noida through an e-auction conducted by the NOIDA Authority.

Spread over ~ 6.46 acres, the land is strategically located in Sector 44, one of the most prime locations in Noida.

The land parcel will offer around 1.4 million square feet of development potential and an estimated revenue potential of around 3,000 crore* comprising premium residential apartments of varied configurations.

05 Mar 2024, 09:11:09 AM IST

Sensex Today Live: Benchmark indices red at pre-open

Sensex Today Live: Indian benchmark indices were in the red at pre-open on Tuesday, following a tepid close in the US market, and with Asian markets trading mixed.

Sensex was down 102.16 points, or 0.14%, at 73,770.13, and Nifty was down 34.35 points, or 0.15%, at 22,371.25 during pre-open.

05 Mar 2024, 09:07:16 AM IST

Sensex Today Live : L&T Technology Services announces partnership with Intel to scale Edge-AI solutions; shares in focus

Sensex Today Live : L&T Technology Services has announced a collaboration with Intel Corporation aimed at developing and providing scalable edge-AI solutions for a range of use cases, including Cellular Vehicle-to-Everything (CV2X) applications.

LTTS' expertise in the domains of connected vehicles and smart transportation systems has been pivotal in the development and implementation of advanced communication technologies like telematics, ADAS and C2VX.

By harnessing Intel’s Edge Platform, including built-in AI runtime the with OpenVINO™ inference for real-time AI inferencing optimization, LTTS will empower on-premises and hybrid AI scenarios for traffic management and emergency safety in smart cities and transportation.

This collaboration underscores LTTS' commitment to push the envelope in smart cities and road infrastructure, facilitating and laying the groundwork for enabling intelligent transportation systems.

05 Mar 2024, 08:57:12 AM IST

Sensex Today Live : Reliance Securities gives technical outlook for Bank Nifty

Sensex Today Live : Bank Nifty has closed higher filling the gap levels it had left in Jan’24 and we remain positive to test 48,000 levels over the next few days.

On the downside the hourly support average of 47,200 would be the immediate followed by the breakout zone of 46,600 levels

RSI is moving upwards from its average line and we expect the momentum to continue over the next few days.

Bank Nifty highest call OI is at 48,000 levels while on the downside put OI is at 47,000 levels for the weekly expiry.

05 Mar 2024, 08:44:53 AM IST

Sensex Today Live : Reliance Securities gives technical outlook for Nifty-50

Sensex Today Live : Nifty-50 has closed in a doji candle near to all time high and we expect some consolidation with key supports at 22,000 levels on the downside.

On the higher side the pivot resistance is placed at 22,550 levels followed by 22,800 and could test in the coming few weeks.

RSI is trending above the average line and other key technical indicators are overbought on hourly charts from current levels.

Highest call OI is placed at 22,500 strike while on the downside the highest put OI is at 22,000 for the weekly expiry.

05 Mar 2024, 08:34:00 AM IST

Sensex Today Live : Stocks to Watch Today

Sensex Today Live : Tata Motors, IIFL Finance, Jindal Stainless, Macrotech Developers, AU Small Finance Bank, are some stocks likely to be in focus on Tuesday, March 5.

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