Sensex, Nifty End Higher for 3rd Consecutive Session; Power, Capital Goods, Metals Shine


by Sandip Das on 1 April 2024,  5 min read


The Indian stock market ended on a positive for the third consecutive session on April 1, 2024. At close, Sensex was up 363.20 points or 0.49 percent at 74,014.55. Nifty added 135.10 points or 0.61 percent at 22,462.00.

Around 3015 shares advanced and 572 shares declined while 112 stocks unchanged.

Except Auto, all other sectoral indices ended in the green with metal, power, capital goods, healthcare, realty up 1-4 percent, while oil & gas, Information Technology, bank up 0.5 percent each.

Top Nifty50 Gainers
Company Name Last Traded Price (Rs) % Change
JSW Steel 870.55 4.86
Tata Steel 162.8 4.46
Divis Labs 3588.05 4.14
Shriram Finance 2437 3.27
Adani Ports 1378 2.69
Top Nifty50 Losers
Company Name Last Traded Price (Rs) % Change
Eicher Motors 3952.4 -1.66
Titan Company 3745.95 -1.47
Nestle India 2589.45 -1.25
LTI Mindtree 4889.8 -0.98
Tata Consumer 1087.7 -0.78
Asian Markets

China stocks rose Monday as investors assessed the country’s business activity, while Japan stocks closed lower as business optimism fell. Japan’s Nikkei 225 fell 1.4% to close at 39,803.09, well below the 40,000 mark. The broad-based Topix fell 1.71% to 2,721.22. South Korea’s Kospi rose 0.04% to 2,747.86. The small cap Kosdaq gained 0.77% to close at 912.45, according to a report.

Also read: BEL, Time Technoplast Top 2 Stocks Which Can Fetch Up To 16% Return
Gold Prices Hit New Record High

Gold prices extended their record run on Monday as the latest data showing a slowing US inflation trend boosted expectations that the Federal Reserve could deliver its first interest rate cut in June. Lower interest rates reduce the opportunity cost of holding bullion. Spot gold was up 1% at $2,254.71 per ounce after hitting an all-time high of $2,262.19. US gold futures climbed 1.7% to $2,275.60, according to a Reuters report.

Stocks that Moved the Most
Hindustan Copper

After economic data from China indicated a rebound in the manufacturing sector, which may lead to increased demand for metals, the share price of Hindustan Copper and other metal stocks surged.

Globus Spirits

The company’s announcement of commencing commercial production of additional capacity at two of its units at Singhbhum in Jharkhand and Burdwan in West Bengal propelled the Globus Spirits stock to rally 11 percent. The additional capacity will be utilised for various products, including ENA and ethanol.

GM Breweries

GM Breweries’ shares surged 12 percent following the board’s announcement that it will consider a proposal for issuing bonus shares in its April 4 meeting. The company plans to consider the issuance of bonus shares for the first time in six years. Previously, bonus shares were issued in the ratios of 1:4 in 2018, 2016, and 2014.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment.

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