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


by Sandip Das on 1 March 2024,  5 min read


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
Company Name Last Traded Price (Rs) % Change
Tata Steel 150.55 6.89
Larsen & Toubro 3628.85 4.35
JSW Steel 834.55 4.31
Titan Company 3761.05 3.77
IndusInd Bank 1524 3.33
Top Nifty50 Losers
Company Name Last Traded Price (Rs) % Change
Dr Reddy’s Labs 6190 -3.65
Infosys 1653.8 -1.20
HCL Tech 1646.45 -1.05
Sun Pharma 1562.1 -1.00
Britannia Industries 4918.1 -0.95
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 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.

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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