Sensex, Nifty Trade Flat; Oil & Gas Gains, Eicher Motors Top Loser


by Sandip Das on 4 March 2024,  5 min read


The Indian stock market was trading flat intraday on March 4, 2024. At 1:39 PM, Sensex added 71 points at 73,877.43 while Nifty gained 69 points and was trading at 22,408.15.

Around 895 stocks advanced and 1,577 declined while 93 stocks remained unchanged.

Among the sectors, oil & gas gained 1.5 percent followed by pharma, realty, and PSU Bank which were up 0.5 percent each.

Top Nifty50 Gainers
Company Name Last Traded Price (Rs) % Change
NTPC 355.7 4.08
HDFC Life Insurance 611.5 3.24
Power Grid 295.9 3.15
BPCL 640.7 2.48
ONGC 278.55 2.45
Top Nifty50 Losers
Company Name Last Traded Price (Rs) % Change
Eicher Motors 3758.95 -2.63
JSW Steel 826 -2.24
SBI Life Insurance 1514.65 -2.08
Mahindra & Mahindra 1925.5 -1.77
Apollo Hospitals 6045.35 -1.43
Stocks on the Move
Adani Ports: up 0.64%

On March 4, 2024, Adani Ports’ share price reached a record high as the company experienced a 33 percent year-on-year increase in cargo volumes for February. As per an exchange filing, APSEZ managed 35.4 million metric tons of total cargo in February, marking a 33 percent surge compared to the volumes handled the previous year.

Also read: RK Swamy IPO: Top Things to Know Before Subscribing to the Issue
MOIL: up 9%

On March 4, the stock price of MOIL experienced a rally following the announcement by the state-owned manganese ore mining company that its production in February saw a significant 15 percent year-on-year increase. MOIL achieved its highest-ever February production, reaching 1.51 lakh tonnes of manganese (Mn) ore, reflecting a 15 percent YoY growth. Simultaneously, sales also exhibited a noteworthy increase, totaling 1.56 lakh tonnes and showing an 18 percent rise compared to the same month in the previous year.

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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