Stock market close highlights: Sensex sheds 96pts, Nifty at 22,083; Auto, IT fall; banks shine

Sensex Today | Stock Market Highlights, March 4: Among the broader markets, the Nifty Smallcap100, and Nifty Midcap100 indices settled higher by 0.69 per cent, and 0.05 per cent respectively

3:56 PM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: Following a gap-down start, the Nifty remained bullish throughout the day. The index found support around 22,000 on a sustained basis. Though sentiment has not turned positive, there are signs that the index is finding support in the 21,800–22,000 zone. In the short term, we might witness a recovery. However, a decisive fall below 21,800 could change the current equation.

View by Rupak De, senior technical analyst, LKP Securities.

3:40 PM

Stock Market LIVE Updates: View on broader markets

Stock Market LIVE Updates: The recent decline in small and midcap stocks reflects profit booking following a strong rally, compounded by global market uncertainties. While short-term volatility is inevitable, the broader fundamentals of quality midcap companies remain robust, supported by India's strong economic growth and ongoing structural reforms. Investors should prioritize businesses with solid balance sheets and sustainable earnings growth rather than reacting to transient market fluctuations.

 

Over the past five years, small-cap earnings have grown by 19.6 per cent, while price appreciation has been 26.3 per cent. The recent correction has effectively removed excess froth from valuations. With the upcoming Q4 results, we anticipate renewed momentum, positioning small caps for the next phase of growth.

View by Abhishek Jaiswal, fund manager, Finavenue.

 

3:39 PM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: BSE Micap and Smallcap end in green. 

 

3:38 PM

Stock Market LIVE Updates: Here's a look at Nifty gainers and losers at close

Stock Market LIVE Updates: Bajaj Auto, Hero MotoCorp, Bajaj Finserv were among the top losers on Nifty50.

 

3:37 PM

Stock Market LIVE Updates: Here's a look at Sensex gainers and losers at close

Stock Market LIVE Updates: Bajaj Finserv, HCLTech, Nestle were among the top losers on Sensex. 

3:35 PM

Stock Market LIVE Updates: Nifty finishes at 22,082.65, down 36.65 pts or 0.17%

Stock Market LIVE Updates: NSE Nifty50 closed at 22,082.65, down 36.65 pts or 0.17 per cent. 

3:34 PM

Stock Market LIVE Updates: Sensex ends at 72,989.93, down 96.01 pts or 0.13%

Stock Market LIVE Updates: BSE Sensex closed 96.01 points or 0.13 per cent lower at 72,989.93.

3:24 PM

Expert speaks: 'The broader fundamentals of quality midcap companies remain robust'

"The recent decline in small and midcap stocks reflects profit booking following a strong rally, compounded by global market uncertainties. While short-term volatility is inevitable, the broader fundamentals of quality midcap companies remain robust, supported by India's strong economic growth and ongoing structural reforms. Investors should prioritize businesses with solid balance sheets and sustainable earnings growth rather than reacting to transient market fluctuations.

 

Over the past five years, small-cap earnings have grown by 19.6 per cent, while price appreciation has been 26.3 per cent. The recent correction has effectively removed excess froth from valuations. With the upcoming Q4 results, we anticipate renewed momentum, positioning small caps for the next phase of growth

 

For a well-balanced portfolio, small-cap allocation should be limited to 25 per cent based on risk appetite and investment horizon. A disciplined approach, prioritizing quality over speculation, is key to navigating this space successfully."

 

Views by: Abhishek Jaiswal, Fund Manager at Finavenue

3:20 PM

Stock Update: Jio Financial up 3%; Co to acquire 79 mn shares of Jio Payments Bank from SBI

Stock Update: Jio Financial shares advanced 3.5 per cent in trade on BSE, logging an intraday high at Rs 208 per share. The buying on the counter came after the company's board approved acquisition of 7,90,80,000 equity shares of Jio Payments Bank from State Bank of India (SBI). The proposed acquisition is valued at Rs 104.54 crore. READ MORE

 

3:09 PM

Stock Update: Senores Pharma up 7% on acquiring 14 ANDAs from Dr. Reddy's Laboratories

Stock Update:  Senores Pharmaceuticals shares gained 7 per cent in trade on BSE, logging an intraday high at Rs 567.65 per share. The stock advanced after the company through its subsidiary Senores Pharmaceuticals, Inc., USA, acquired 14 Abbreviated New Drug Applications (ANDAs) from Dr. Reddy’s Laboratories. READ MORE

 

2:57 PM

Stock market update: BSE Auto index hits 52-week low; tanks 14% in 1 month on muted performance

Stock market update: Shares of automobiles companies are under pressure, with the BSE Auto index hitting a 52-week low of 45,289.26, down 1.6 per cent in Tuesday’s intra-day trade as barring tractors, February 2025 wholesale volume performance was muted across most segments. In comparison, the BSE Sensex was down 0.16 per cent at 72,967, at 02:09 pm. READ MORE

 

2:46 PM

Stock Update: HBL Engineering gains 5% on bagging Rs 148 crore order from Bhopal Division

Stock Update: HBL Engineering shares gained 4.6 per cent in trade on BSE, logging an intraday high at Rs 444.4 per share. The northward movement in the stock came after the company received a Letter of Acceptance (LoA) from the Bhopal Division of West Central Railway.  READ MORE

 

2:34 PM

Stock Update: Suzlon gains 4% on securing deals with Jindal Renewables

Stock Update: Shares of renewable energy solutions provider Suzlon Energy advanced over 4 per cent to Rs 51.49 on the National Stock Exchange (NSE) during intra-day trade on Tuesday after the company secured its third order from Jindal Green Wind.

The company secured a third order of 204.75 MW from Jindal Green Wind 1 Pvt. Ltd., a subsidiary of Jindal Renewables, the company said in an exchange filing.

"This partnership is also now Suzlon’s largest Commercial & Industrial (C&I) order with a cumulative capacity of 907.20 MW. Earlier, Suzlon secured two orders to power Jindal Steel’s plants in Chhattisgarh and Odisha, adding 702.45 MW of wind energy. Currently, C&I customers account for 59 per cent of Suzlon’s total order book, which has now reached a record 5.9 GW — the highest in the company’s history," said Suzlon Energy in a release. READ MORE

2:23 PM

Stock Update: Gensol Engineering tanks 20% on heavy volumes

Stock Update: Smallcap stock -  Gensol Engineering was locked in the 20-per cent lower circuit, hitting a 52-week low of Rs 413.95, on the BSE in Tuesday's intraday trade on heavy volumes. The average trading volume on the counter jumped over five-fold, with nearly 1 million equity shares changing hands on the NSE and BSE.

The drag in Gensol Engineering shares came after rating agency, CARE Ratings, downgraded the company's ratings on long-term and short-term loan facilities due to the on-going delays in the servicing of term-loan obligations. READ MORE

2:12 PM

Stock Update: Shares of OMCs rise in weak market after oil prices slip about 2%

Stock Update: Indian Oil marketing companies' (OMC) stocks - Indian Oil Corporation (IOC), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) - rallied up to 5 per cent in Tuesday's trade after Brent crude oil price slipped over 2 per cent to a 12-week low.

On Monday, Brent crude oil futures fell $1.19, or 1.6 per cent, to settle at $71.62 a barrel; while the US West Texas Intermediate (WTI) crude fell $1.39, or 2 per cent, to settle at $68.37.

The downward trend in oil prices came following reports that the Organisation of the Petroleum Exporting Countries and allies like Russia, known as (OPEC+), decided to proceed with a planned April oil output increase of 138,000 barrels per day, the group's first since 2022. READ MORE

1:58 PM

Stock Update: Ramkrishna Forgings shares gain 4%

Stock Update: Auto Components & Equipment maker Ramkrishna Forgings' shares were defying the broader market trends and trading up to 4 per cent higher on Tuesday.

The company said it provided a Corporate Guarantee, valid from March 3, 2025, to September 30, 2029, up to an amount of $6.65 million to Operadora Stiva S.A. de C.V., Mexico, for leasing rented space by Ramkrishna Forgings Mexico S.A. de C.V. (formerly Resortes Libertad S.A. de C.V.), a wholly-owned subsidiary company. READ MORE

1:46 PM

Stock Update: Blue Star extends rally on healthy business outlook; surges 20% in 4 days

Stock Update: Shares of air conditioning (AC) and commercial refrigeration maker, Blue Star rallied 9 per cent to Rs 2,217 on the BSE in Tuesday's intraday trade, extending their past 3-day up move in an otherwise weak market.
 
In the past four days, the stock of the household appliance company has surged 20 per cent. The rally at the counter is attributed to anticipated high demand this summer.

With a strong summer season and the introduction of a slew of new products, Blue Star is optimistic about its business prospects for the fiscal year 2025-26 (FY26) and beyond. READ MORE

1:28 PM

Market Update: Ola CEO follows Musk's lead, mandates employees to submit weekly reports

Market Update: In a directive similar to Tesla CEO Elon Musk's recent instructions to US federal employees, Ola CEO Bhavish Aggarwal has mandated that all employees across his companies submit weekly reports detailing their accomplishments.
 
According to a TV report, an internal email sent by Aggarwal last week announced the initiative, titled "kya chal raha hai?" — a Hindi phrase that translates to "what's going on?"
 
Under this policy, employees are required to send a brief weekly email outlining 3-5 key tasks they have completed. READ MORE

1:14 PM

Stock Update: Metropolis up 3% on plans to foray into Western UP

Stock Update: Shares of Metropolis Healthcare traded up to 3 per cent higher at Rs 1,607 on the BSE after the company announced its acquisition plan.

The company in an exchange filing on Monday said that one of its units, Metropolis Clinical Pathology Private Limited will acquire a Western Uttar Pradesh-based Scientific Pathology, through a Business Transfer Agreement on a slump sale basis.

"Scientific Pathology’s strong B2C focus and 40-year legacy align seamlessly with our vision to lead in these markets,” said Ameera Shah, promoter and executive chairperson of Metropolis Healthcare on the acquisition. READ MORE

1:00 PM

Stock Update: Bajaj Auto breaks below 100-WMA after 2 yrs, down 41% from peak; what next?

Stock Update: Bajaj Auto stock was trading with a negative bias for the 7th straight trading day, down 13 per cent in this period; more importantly the stock dipped below its 100-WMA (Weekly Moving Average) for the first time since the week ended January 20, 2023 - i.e. more than 2 years ago.

Technical chart shows that in past the 100-Week Moving Average acted as strong support zone. However, break and sustained trade below the same can trigger a further 14 per cent slide on Bajaj Auto stock. READ MORE

12:50 PM

Stock Update: Jupiter Wagons jumps 6% in a weak market

Stock Update: Shares of mobility solutions provider company Jupiter Wagons rose up to 6 per cent in an otherwise weak market on Tuesday in intra-day trades.

The upward movement in the company's share price came following Jupiter Electric Mobility (JEM), the electric vehicle arm of the Jupiter Group, said it launched its flagship model, 'JEM TEZ', the advanced electric light commercial vehicle featuring industry leading specifications of 190+ kms True Range, 80kW peak Motor Power with 23 per cent gradeability with a 1.05Ton certified payload. READ MORE

12:30 PM

Stock Market LIVE Updates: Reliance says oil ministry raised $2.81 bn demand in ONGC gas dispute case

Stock Market LIVE Updates: Reliance Industries Limited (RIL) announced in an exchange filing on Tuesday that the Ministry of Petroleum and Natural Gas has issued a demand of $2.81 billion to RIL and its consortium partners, BP Exploration (Alpha) Limited and NIKO (NECO) Limited. This demand pertains to a long-standing dispute regarding gas migration from ONGC’s blocks to the KG-D6 block.

According to the filing, "The Ministry of Petroleum and Natural Gas has raised a demand of $2.81 billion on the PSC Contractors namely Reliance Industries Limited, BP Exploration (Alpha) Limited and NIKO (NECO) Limited."
 

This claim relates to a case from 2018, when the Government of India (GOI) accused the KG-D6 Consortium, which includes RIL, of being responsible for the gas migration from ONGC’s adjacent blocks. READ MORE

 

 

12:22 PM

Stock Market LIVE Updates: Balaji Phosphates IPO closes today; subscription at 58%, GMP remains flat

Stock Market LIVE Updates: The initial publich offering of phosphate fertilisers company Balaji Phosphates, set to close for public subscription today, Tuesday, March 4, 2025, has seen a subdued response from investors so far.

According to data from the National Stock Exchange (NSE), the Balaji Phosphates IPO was subscribed to 58 per cent by the end of the second day of subscription on Monday, March 3, 2025.
 

The IPO consists of a fresh issue of 5.94 million equity shares, totaling ₹41.58 crore, and an offer for sale of 1.21 million equity shares, amounting to ₹8.53 crore. The public offering is priced between ₹66 and ₹70 per share, with a minimum lot size of 2,000 shares. READ MORE

 

12:11 PM

Stock Market LIVE Updates: FMCG index hits 21-month low; HUL, Marico, Nestle, Dabur down up to 3%

Stock Market LIVE Updates: Shares of fast-moving consumer goods (FMCG) companies faced significant pressure on Tuesday, with the BSE FMCG index reaching a 21-month low during intraday trading due to ongoing demand and inflationary challenges. Analysts noted that urban demand trends remain sluggish, and any recovery is expected to be gradual, supported by stabilised inflation and potential benefits from income tax rate cuts.

 

The BSE FMCG index declined by 1 per cent to 18,196.88, marking its lowest level since June 2023, when it touched 18,111.20. Over the past month, the BSE FMCG index has plummeted by 12 per cent, in contrast to a 7 per cent decline in the BSE Sensex. In the last six months, the FMCG index has dropped by 22 per cent, compared to an 11 per cent fall in the benchmark index. READ MORE

 

12:02 PM

Stock Market LIVE Updates: 12 PM market update - Sensex, Nifty trade lower

Stock Market LIVE Updates: Benchmark equity indices BSE Sensex and Nifty50 were trading lower amid weak market cues.

 

At 12 PM, the BSE Sensex was lower by 143 points, or 0.20 per cent, at 72,942, and the Nifty50 was at 22,073, lower by 45 points, or 0.21 per cent.

11:54 AM

Stock Market LIVE Updates: Experts see Nifty 22,000 as key support; DIIs long bets highest in 1 year

Stock Market LIVE Updates: During the initial two sessions of the March series, the NSE Nifty March futures experienced a decline of nearly 2 per cent, settling at 22,260 levels, accompanied by a 7 per cent increase in open interest (OI). Simultaneously, the Nifty 50 index was observed to hover around the 22,100 levels.

In the same timeframe, the Bank Nifty futures saw a 1.3 per cent decline, coupled with a 0.5 per cent rise in OI. As of Monday, the Bank Nifty futures were trading at a premium of 280 points.
 

Despite a minor upside recovery from the lows, the prevailing trend for Nifty remains negative, noted Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, in a statement. READ MORE

 

11:44 AM

Stock Market LIVE Updates: Nukleus Office Solutions shares begin trading on BSE SME at 20% discount

Stock Market LIVE Updates: Shares of the diversified commercial services provider, Nukleus Office Solutions, posted a negative listing on the BSE SME today, March 4, 2025, following the completion of its initial public offering (IPO). The company's shares listed at Rs 187.20 per share on the BSE SME, a discount of Rs 46.80, or 20 per cent, from the issue price of Rs 234 per share.

 

Nukleus Office Solutions IPO listing came below the grey market estimates, as ahead of the listing, the unlisted shares of Nukleus Office Solutions were trading flat at Rs 234 per share in the grey market, according to sources tracking unofficial markets. READ MORE

 

11:30 AM

Stock Market LIVE Updates: Nifty IT down 2% amid fears of slowing US economy

Stock Market LIVE Updates: Nifty IT index dropped more than 2 per cent in early trading to reach an intra-day low of 36,797.40. At 9:52 AM, however, the IT sector index had somewhat recovered its losses and was down 1.24 percent. Read more 

11:20 AM

Stock Market LIVE Updates: Market breath negative as 30 out of 50 Nifty stocks decline

Stock Market LIVE Updates:  Around 11:17 AM, on Nifty50, 30 stocks declined and 20 advanced indicating a negative market breath. 

11:11 AM

Stock LIVE Updates: Auto, IT, Pharma, FMCG drag Sensex, Nifty

Stock LIVE Updates: Nifty IT, Pharma, Auto and FMCG traded in the red with IT index down over half a per cent and FMCG down nearly 1 per cent.