Stock Market Close Highlights: Sensex sheds 112 pts, Nifty settles at 22,119; RIL down 2%

Sensex Today | Stock Market Highlights: Among the broader markets, the Nifty Midcap100 index settled higher by 0.14 per cent, while the Nifty Smallcap100 settled lower by 0.27 per cent on Monday

3:43 PM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: On Monday, Nifty found support around 22,000 and managed to close above the crucial 38.2 per cent Fibonacci retracement level of 22,043, derived from the 2022 low of 15,213 to its all-time high of 26,277. The RSI remains in a highly oversold zone at 22 on the daily chart, indicating a possible short-term rebound towards the 400-day EMA at 22,475.

However, the broader trend remains bearish, favoring a sell-on-rise approach unless Nifty decisively closes above 22,600. Immediate resistance is at 22,300, while key support stands at 22,000. If this support is breached on a closing basis, the next support lies at 21,800.

View by Vatsal Bhuva, technical analyst, LKP Securities.

3:43 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: The market experienced a gradual recovery from its intraday low, driven by improving economic growth, a rebound in consumption expenditure, and healthy expansion in the agricultural sector, which influenced investor sentiment. With valuations approaching oversold levels, domestic indicators suggest potential for a rebound. However, the longevity of this recovery remains uncertain, contingent on easing global trade uncertainties, which currently show limited signs of improvement.

View by Vinod Nair, head of research, Geojit Financial Services.

3:41 PM

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

Stock Market LIVE Updates: Bajaj Auto, Coal India, Reliance Industries were among the top losers on Nifty50. 

3:40 PM

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

Stock Market LIVE Updates: Reliance Industries, Bajaj Finserv, HDFC Bank were among the top losers on Sensex. 

3:38 PM

Stock Market LIVE Updates: A glance at broader market at close

Stock Market LIVE Updates: BSE Midcap ended 0.25 per cent higher and Smallcap ended 0.70 per cent lower. 

 

3:36 PM

Stock Market LIVE Updates: Sensex down 112.16 pts, at 73,085.94

Stock Market LIVE Updates: BSE Sensex was down 112.16 points or 0.15 per cent at 73,085.94. The index made an intraday low of 72,784.54.

3:34 PM

Stock Market LIVE Update: Nifty closes at 22,119.3, down 5 pts

Stock Market LIVE Update: NSE Nifty50 closed at 22,119.3, down 5.4 points or 0.02 per cent. The index recorded an intraday high at 22,261.55 and low at 22,004.7. 

3:15 PM

Stock Update: Jio Financial share price hits record low on Monday, dips below Rs 200-mark

Stock Update: Jio Financial share price hit a record low on the BSE today, falling 4.3 per cent in the intraday trade. Jio Financial share, today, hit an all-time low of Rs 198.6 per share, falling below the Rs 200-mark for the first time ever. READ MORE

 

3:01 PM

Bajaj Auto, Hero MotoCorp, Ola Electric hit 52-week lows; here's why

Shares of two-wheeler companies Bajaj Auto, Hero MotoCorp and Ola Electric Mobility have hit their respective 52-week lows, falling by up to 6 per cent on the BSE in Monday’s intra-day trade amid heavy volumes. These stocks have plunged between 40 per cent and 66 per cent from their respective 52-week highs. READ MORE

 

2:51 PM

IPO Update: Upcoming IPO: Pranav Constructions files DRHP with Sebi; details here

IPO Update:  Real estate player Pranav Constructions is aiming to go public as it has filed its Draft Red Herring Prospectus (DRHP) with the capital markets regulator, Securities and Exchange Board of India (Sebi), for its initial public offering (IPO). READ MORE

 

2:43 PM

Stock Update: Tata Group's Voltas defies market gravity, shares rise 4%; details here

Stock Update:  Shares of Tata Group's household appliances maker company Voltas were buzzing in trade on the bourses on Monday, March 3, 2025. The company's share price advanced 4 per cent to a day's high of Rs 1,373 per share on the National Stock Exchange (NSE) during the intra-day deals on Monday. READ MORE

2:32 PM

Market News: Cement demand to exceed 640 MTPA by FY30, says UltraTech

Market News: Cement demand is expected to cross 640 million tonnes per annum (MTPA) by FY30, said leading player and Aditya Birla group flagship firm UltraTech Cement in an investor presentation.

The cement demand was at 424 MTPA in FY24, according to the investor presentation, a copy of which was submitted to exchanges last week by the company.

UltraTech expects the cement demand to have a compound annual growth rate (CAGR) of 7 to 8 per cent between FY24 and FY30, citing industry estimates and research reports.

Meanwhile, on the stock exchanges today, the stock had gained 3 per cent at Rs 10,400 levels.

2:23 PM

Stock Update: Mastek slips 6%, hits 52-week low after Sebi warning letter

Stock Update: Mastek shares declined 6 per cent and hit 52-week low at Rs 2,089 per share after the market regulator Securities and Exchange Board of India (Sebi) issued a warning letter addressed to the compliance officer.

The warning letter was for not identifying a transaction as Unpublished Price Sensitive Information (UPSI) involving acquisition of a US-based entity by a subsidiary of the company in the US. Disclosure regarding the said acquisition was submitted to the Stock Exchanges on July 19, 2023.

The company, however, clarified that it has no impact, financial or operational, on the company after the issuance of the warning letter. READ MORE

2:11 PM

Market Update: Time for India to embrace crypto, believes Delta Exchange

Market Update: On Sunday night, President Trump announced that the US will create a strategic crypto reserve which will include BTC, ETH, XRP, SOL, ADA and other valuable crypto assets. This is a big positive for the Crypto sector as it will open doors for systematic strategic capital for the asset class.

Bitcoin jumped over 10% within hours of the announcement. Given the strides that the US is making in the sector there should be further inflows into crypto markets and we expect to see the price inching higher from here.

We also expect more governments to follow in the footsteps of the US government and it will not be surprising to see similar announcements coming from the Middle East and Europe in the coming months.

India should also start to look at crypto markets as an opportunity and should embrace this sector in order to participate in this industry as it grows. This will not only help us create more jobs and tax revenue for the government but also ensure that wealthy Indians don't look at moving their activity outside India.

- Views expressed by Pankaj Balani, Co- Founder and CEO, Delta Exchange

2:04 PM

Stock Market LIVE News: Relevance of gold as asset class to rise in coming years: CEA Nageswaran

Stock Market LIVE News: Gold will remain relevant for investors as a portfolio diversification mechanism with a "likely ascending importance" as an asset class in the coming years, Chief Economic Advisor V Anantha Nageswaran said on Monday.

Speaking at the IGPC-IIMA annual gold and gold markets conference 2025, he said that gold will remain relevant not only as a store of value, as an ornament for cultural and religious purposes, but also as an important portfolio diversification mechanism "until such a time the world is able to arrive at an international monetary system from the current international monetary non-system". READ MORE

1:56 PM

Stock Update: BSE shares extend fall, tumble 27% in 6 days

Stock Update: The share price of BSE hit an over 3-month low at Rs 4,371 on the National Stock Exchange (NSE) today. BSE shares fell 6 per cent in Monday's intraday trade, thus extending its two-day fall to 15 per cent.

The stock was quoting lower for a 6th straight trading session, and has shed 27 per cent during this period. It now trades at its lowest level since November 27, 2024.

BSE, in an exchange filing on March 2, 2025, said that the Anti-Corruption Bureau (ACB), Mumbai, has allowed a miscellaneous application filed before them against certain Securities Exchange Board of India (Sebi) officials and ex-chairman of BSE and the current MD & CEO. The application had sought directions for registration of a FIR and investigations into alleged irregularities in the listing of a company in 1994. READ MORE

1:42 PM

Stock Update: Piramal Enterprises gets Rs 1,502 cr-tax notice, shares slip 2.6%

Stock Update: Shares of Non-Banking Financial Company (NBFC) Piramal Enterprises dropped 2.60 per cent to a low of Rs 849.90 per share on the BSE during intra-day trade on Monday following the news that the company received an order for tax ascertained as short-paid or not paid, along with interest and a penalty amounting to Rs 1,502 crore.

"The order primarily relates to the slump sale of the 'Business Undertaking' of the Pharma business by the company to Piramal Pharma Limited in the financial year 2021, along with the transfer of its subsidiary companies for an aggregate consideration of Rs 4,487 crores," the company said in a regulatory filing on the BSE., from the office of the Deputy Commissioner of State Tax, Maharashtra. READ MORE

1:29 PM

Stock Update: Angel One plunges 10%, hits 52-week low

Stock Update: Angel One stock today, hit a fresh 52-week low at Rs 1,961.20 as the stock tanked almost 10 per cent on the BSE.

Meanwhile, the company in a release said, that some of the company's AWS resources were "compromised", leading to an unauthorised access of the broker's clients' data on the dark web.

"In order to contain the impact, the company has immediately changed all related credentials of its AWS cloud and other applications... We continue to investigate this further to assess its potential impact, if any." it said in a statement. READ MORE

1:16 PM

Stock Update: Teamlease slips 5% as Goldman Sachs sells over 2.5 lakh shares via bulk deals

Stock Update: Share price of Teamlease Services declined over 5 per cent in intra-day trades on the BSE to a low of Rs 1,845 after Goldman Sachs Funds - Goldman Sachs India Equity Portfolio sold 2,57,116 shares via bulk deals.

As per National Stock Exchange (NSE) bulk deal data,  Goldman Sachs Funds - Goldman Sachs India Equity Portfolio sold 1,67,802 shares at Rs 1,865 per share and 89,314 shares at Rs 1,960 per share via bulk deals. As of December 2024, Goldman Sachs Funds - Goldman Sachs India Equity Portfolio held 2.07 per cent stake in the company, as per BSE shareholding pattern.

Meanwhile, Nippon India Mutual Fund bought 2,72,000 shares of Teamlease. READ MORE

1:02 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty trade flat

Stock Market LIVE Updates: Benchmark equity indices BSE Sensex and Nifty 50 were trading on a flat note on Monday, amid trade tariff related concerns.

At 12 PM, the BSE Sensex was lower by 91.35 points, or 0.12 per cent, at 73,106.75, and the Nifty 50 was at 22,112.65, behind by 12.05 points, or 0.05 per cent.

12:57 PM

Stock Market LIVE Updates: IndusInd Bank down 4% as Integrated Core sells 50 lakh shares via bulk deal

Stock Market LIVE Updates: IndusInd Bank shares experienced a significant drop, falling by 4.1 per cent to an intraday low of Rs 947.8 per share on the BSE. This decline followed Integrated Core Strategies (Asia) Pte's sale of 50,86,943 shares through a bulk deal.

By 11:42 AM, IndusInd Bank shares were down by 2.96 per cent, trading at Rs 959.65 per share on the BSE. In comparison, the BSE Sensex had decreased by 0.5 per cent to 72,828.74. The company's market capitalization stood at Rs 74,750.18 crore. The stock's 52-week high was Rs 1,576 per share, and its 52-week low was Rs 923.4 per share.

As per National Stock Exchange (NSE) bulk deal data,  Integrated Core Strategies (Asia) Pte sold 50,86,943 shares for Rs 986.74 per share through a bulk deal. READ MORE

 

 

12:44 PM

Stock Market LIVE Updates: Bitcoin eyes fresh highs as Trump's crypto reserve plan fuels market rally

Stock Market LIVE Updates: The crypto market, known for its volatility, experienced a significant surge on Monday, with Bitcoin, the leading cryptocurrency, skyrocketing nearly 10 percent to $95,043.44.

This upward momentum followed an announcement by US President Donald Trump that Bitcoin (BTC), Ripple (XRP), Solana (SOL), Cardano (ADA), and Ethereum (ETH) would be included in the US Crypto Strategic Reserve.
 

Following this news, other cryptocurrencies also saw strong gains. Ripple (XRP) soared 35 percent to $2.9990, Solana (SOL) increased 18 percent to $169.88, Cardano (ADA) climbed 60 percent, and Ethereum (ETH) rose by 10 percent, according to data from Binance. READ MORE

 

12:33 PM

Stock Market LIVE Updates: Will cutting capital gains tax alone bring back FIIs to Indian equities?

Stock Market LIVE Updates: Merely cutting or even abolishing capital gains tax—whether long term or short term—on the sale of shares will not be enough to bring foreign investors back to the Indian stock market, analysts believe. While they agree this is a step in the right direction, they say additional policy measures are needed to ensure foreign investors stay.

 

“Undoubtedly, lowering capital gains tax will increase post-tax returns for investors,” said Nilesh Shah, managing director, Kotak Mahindra AMC. “However, only a reduction in taxes does not guarantee returns. Other measures may be needed to attract FPIs.” READ MORE

 

12:27 PM

Stock Market LIVE Updates: JK Tyre, Ceat, MRF: Tyre shares skid up to 8% on Monday on weak outlook

Stock Market LIVE Updates: On Monday, March 3, 2025, tyre stocks faced significant selling pressure. Among individual stocks, JK Tyre's share price plunged by 8.2 per cent, Tolins Tyres by 4 per cent, Ceat by 3.2 per cent, and MRF by 1.2 per cent during intraday trade on the BSE.

Similarly, Apollo Tyres, Goodyear India, TVS Srichakra, and Balkrishna Industries experienced declines ranging from 1 per cent to 3.5 per cent in intraday trading. By 11:30 AM, the BSE Sensex index had dropped by 0.45 per cent.
 

Analysts at Kotak Institutional Equities have highlighted potential risks to the profitability of tyre companies over the next year due to elevated raw material prices and their inability to pass these costs on to customers. READ MORE

 

12:19 PM

Stock Market LIVE Updates: Ex-Sebi chief, 3 directors move Bombay HC to quash FIR; hearing on March 4

Stock Market LIVE Updates: The Bombay High Court has agreed to an urgent hearing on March 4 for the Securities and Exchange Board of India (Sebi) and Bombay Stock Exchange (BSE) regarding their plea against a First Information Report (FIR) order related to the 1994 Cals Refineries stock listing fraud case, according to media reports.

Former Sebi chairperson Madhabi Puri Buch, along with current whole-time directors Ashwani Bhatia, Ananth Narayan G, and Kamlesh Chandra Varshney, and BSE officials Pramod Agarwal and Sundararaman Ramamurthy, have approached the Bombay High Court to quash a special Anti-Corruption Bureau (ACB) court's order directing the police to file an FIR against them for the alleged fraudulent stock listing in 1994.
 

According to Bar and Bench, the matter was mentioned before Justice S.G. Dige on Monday. Solicitor General Tushar Mehta represented Sebi officials, while Senior Advocate Amit Desai appeared for BSE officials. READ MORE

 

 

12:13 PM

Stock Market LIVE Updates: Narayana Hrudayalaya hits new high in weak market; surges 15% in 2 weeks

Stock Market LIVE Updates: On Monday, shares of Narayana Hrudayalaya soared to a new high of Rs 1,522, marking a 5 per cent increase on the BSE during intra-day trade amid a generally weak market, driven by expectations of robust growth. Over the past two weeks, the hospital company's stock has surged by 15 per cent. Meanwhile, at 11:22 AM, the BSE Sensex had dropped 0.55 per cent, standing at 72,796.

In the past month, Narayana Hrudayalaya has significantly outperformed the market, rising by 11 per cent, in contrast to the benchmark index's 5.7 per cent decline. READ MORE

 

12:03 PM

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

Stock Market LIVE Updates: Benchmark equity indices BSE Sensex and Nifty 50 were trading lower on Monday, following a higher open, amid trade tariff related concerns.

 

At 12 PM, the BSE Sensex was lower by 386.78 points, or 0.53 per cent, at 72,811.32, and the Nifty 50 was at 22,015, behind by 109.55 points, or 0.5 per cent.

11:52 AM

Stock Market LIVE Updates: Dalmia Bharat climbs on Rs 3,520-crore capex capacity expansion plan

Stock Market LIVE Updates: Shares of Dalmia Bharat surged on Monday following the company's announcement of plans to boost its cement production capacity.

The stock climbed 1.85 percent to an intra-day high of Rs 1718.90 from its previous close. By 11:15 AM, Dalmia Bharat was trading at Rs 1,693.30, up 0.33 percent or Rs 5.55.
 

The uptick came after the company revealed on Friday, February 28, that it intends to expand its cement production capacity in Maharashtra and Karnataka by 6 million tonnes per annum (MnTPA), with an investment of approximately Rs 3,520 crore. READ MORE

 

11:40 AM

Stock Market LIVE Updates: This recently listed IPO freezes at 10% lower limit; down 43% from Jan high

Stock Market LIVE Updates: Shares of International Gemmological Institute India (IGI), backed by Blackstone, hit the 10 per cent lower circuit at Rs 366.60 in Monday's intra-day trade on the BSE, marking a new low. This drop followed the company's flat revenue report of Rs 190.29 crore for the December 2024 quarter (Q3FY25), compared to Rs 189.2 crore in the previous quarter (Q2FY25) and Rs 184 crore in the same quarter the previous year (Q3FY24).

By 10:44 AM, a total of 2.1 million equity shares had traded, with pending sell orders for 2.03 million shares on both the NSE and BSE. Currently, IGI trades 12 per cent below its issue price of Rs 417. It has declined 43 per cent from its peak of Rs 642.30, recorded on January 1, 2025. IGI made its stock market debut on December 20, 2024. READ MORE

 

11:29 AM

Stock Market LIVE Updates: International Gemmological Institute India (IGI) shares locked in 10% lower circuit

Stock Market LIVE Updates: International Gemmological Institute India (IGI) reported a flat revenue at Rs 190.29 crore in December 2024 quarter (Q3FY25), against Rs 189.2 crore in previous quarter (Q2FY25) and Rs 184 crore in Q3FY24. Following that the company's shares were locked at the 10 per cent lower circuit at Rs 366.60, also its new low on the BSE in Monday’s intra-day trade.

 

Till 10:44 am; a combined 2.1 million equity shares changed hands and there were pending sell orders for 2.03 million shares on the NSE and BSE. Currently, IGIL trades 12 per cent below its issue price of Rs 417 per cent. It has corrected 43 per cent from its high of Rs 642.30 hit on January 1, 2025. IGIL made its stock market debut on December 20, 2024. Read more