Business NewsStock Market Live: Nifty, Sensex Open Higher As HDFC Bank, L&T, ICICI Bank Lead
Track the equity market updates for March 1 here
01 Mar 2024, 09:58 AM IST
01 Mar 2024, 08:07 AM IST
01 Mar 2024, 09:58 AM IST
NSE building in Mumbai. (Photo: Vijay Sartape/NDTV Profit)
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NSE building in Mumbai. (Photo: Vijay Sartape/NDTV Profit)
Adani Group Stocks Gain After Group Reports 63% YoY Jump In Ebitda
CG Power Jumps Over 11% After JV To Build An Outsourced Semiconductor Assembly &Test Facility In India
CG Power Shares rose more than 11% to hit an over three month high has entered a joint venture with Japan based semiconductor solutions provider Renesas Electronics Corporation, and Thailand-based Outsourced Semiconductor Assembly and Test provider- Stars Microelectronics to build an Outsourced Semiconductor Assembly and Test Facility in India.
The scrip rose as much as 11.66% to Rs 494.95 apiece, the highest level since November 23. It pared gains to trade 7.7% higher at Rs 477.96 apiece, as of 9:56 a.m. This compares to a 0.84% advance in the NSE Nifty 50 Index.
It has risen 59.26% in the last twelve months. Total traded volume so far in the day stood at 3.99 times its 30-day average. The relative strength index was at 64.79.
Out of eight analysts tracking the company, five maintain a ‘buy’ rating, two and three suggest ‘sell,’ according to Bloomberg data. The average 12-month consensus price target implies a downside of 4%.
Bajaj Auto Feb Sales Data
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Total sales at 3.47 lakh units vs 2.80 lakh units, up 24% YoY
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Total CV sales at 51,978 units vs 44,870 units, up 16% YoY
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Domestic CV sales at 36,367 units vs 32,956 units, up 10% YoY
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Total 2-wheeler sales at 2.95 lakh units vs 2.35 lakh units, up 25% YoY
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Domestic 2-wheeler sales at 1.71 lakh units vs 1.20 lakh units, up 42% YoY
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2-wheeler exports at 1.24 lakh units vs 1.15 lakh units, up 8% YoY
Source: Exchange filing
Nifty, Sensex Open Higher As HDFC Bank, L&T, ICICI Bank Lead: Opening Bell
Benchmark equity indices opened higher today, extending Thursday’s gains on the back of gains in the shares of HDFC Bank, ICICI Bank and Larsen & Toubro.
At pre-open, the S&P BSE Sensex Index was up 106.02 points or 0.15% at 72,606.31 while the NSE Nifty 50 was at 22,048.30, up 65.50 points or 0.30%
“Nifty can find support at 21,900 followed by 21,850 and 21,800. On the higher side, 22,100 can be an immediate resistance, followed by 21,150 and 22,200,” said Deven Mehata, research analyst at Choice Broking.
Shares of HDFC Bank Ltd., Larsen & Toubro Ltd., ICICI Bank Ltd., Tata Steel Ltd., and Tata Motors contributed the most to the gains.
Meanwhile those of Infosys Ltd., Apollo Hospitals Enterprises Ltd., Sun Pharmaceutical Industries Ltd., Nestle India Ltd., and Cipla Ltd. capped the upside.
All sectoral indices rose with Nifty Metal and Nifty Oil & Gas jumping the most while Nifty Media and Nifty Pharma traded flat.
Broader markets also rose with S&P BSE Mid Cap jumping 0.58% and S&P BSE Small Cap rising 0.91%.
All 20 sectors compiled by BSE advanced. S&P BSE Oil & Gas rose the most.
The market breadth was skewed in the favour of the buyers. About 2,310 stocks rose, 524 declined, while 86 remained unchanged on the BSE.
Nifty, Sensex Higher At Pre-Open
At pre-open, the S&P BSE Sensex Index was up 106.02 points or 0.15% at 72,606.31 while the NSE Nifty 50 was at 22,048.30, up 65.50 points or 0.30%.
