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
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Stock Market Highlights, Stock Market Today, Monday, March 3, 2025: Benchmark Indian equity indices, BSE Sensex and NSE Nifty50, ended Monday's choppy session on a lower note. The 30-share Sensex settled at 73,085.94, down 112.16 points or 0.15 per cent. The index traded in the range of 73,649.72 - 72,784.54 on Monday.
The NSE Nifty50 ended at 22,119.30, down merely 5.40 points or 0.02 per cent from its previous close. Nifty50 was seen at the day's high of 22,261, while the day's low was recorded at around 22,004 levels.
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.
33 out of the 50 constituent stocks of Nifty50 settled higher, with the gains led by Bharat Electronics, Grasim, Eicher Motors, JSW Steel, and UltraTech Cement, with gains of up to 4.65 per cent. Index heavyweights and India's largest company by market capitalisation, Reliance Industries, settled lower by 2.17 per cent. Coal India, Bajaj Auto, Bajaj Finserv, and HDFC Bank were among other laggards of Nifty50 constituents that ended down by up to 2.44 per cent.
Sectoral markets ended on a mixed note. Nifty IT, Metal, Auto, Pharma, Realty, and Healthcare indices settled higher with gains of up to 1.26 per cent. On the other hand, Banking, Oil & Gas, and Media indices on the NSE settled lower with losses of up to 1.10 per cent.
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.
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.
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
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3:01 PM
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2:51 PM
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First Published: Mar 03 2025 | 7:43 AM IST