Stock Market at Close: Sensex, Nifty Rally After Robust GDP Data; Auto, Bank, Metals Shine

The Indian stock market ended on a robust note on March 1, 2024, as bulls dominated Dalal Street. Traders and investors cheered after the Indian economy grew 8.4 percent during the October-December quarter of the current financial year 2023-24 (Q3FY24). It remained the fastest-growing major economy in the world, according to gross domestic product (GDP) data released by the Statistics Ministry on February 29, 2024. At close, Sensex zoomed 1245 points at 73,745.35 while Nifty gained 336 points at 22,338.75.

Around 1,673 stocks advanced and 919 stocks declined while 94 stocks remained unchanged.

Among sectors, the Metal index was up 4 percent, while auto, bank, capital goods and oil & gas were up 2 percent each. On the other hand, the healthcare index shed 1 percent and the Information Technology index slipped 0.5 percent.

Top Nifty50 Gainers

Top Nifty50 Losers

Asian Markets Updates

Japan’s Nikkei 225 ended just short of breaching the 40,000 level, leading gains in Asia stocks on Friday, while China markets rose as investors digested manufacturing data from the mainland, according to a CNBC.com report.

Japan’s Nikkei 225 hit a fresh record high, closing 1.9% higher at 39,910.82. The broader Topix index added 1.3% to end at 2,709.42 — it rose 1.8% for the week.

European Markets Trade Flat

European markets moved higher on Friday to start the new trading month after a winning February, as investors assessed fresh inflation data out of the eurozone. FTSE added 0.64 percent at 7,679.36 while CAC slipped 0.06 percent at 7,922.65. German DAX added 0.49 percent at 17,765.13.

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