Bajaj twins, IT shares drag Sensex 195 pts, Nifty near 22,350; TaMo up 3.6%

Stock market highlights on March 5, 2024: Tata Motors advanced 3.58 per cent, Bharti Airtel added 3 per cent, and SBI 1.6 per cent

Closing Bell on Tuesday, March 5: Equity markets were weak on Tuesday following tepid global mood, and profit booking in IT shares. The S&P BSE Sensex dropped 195 points, or 0.26 per cent, to end at 73,677 levels, while the Nifty50 closed at 22,356, lower by 49 points or 0.22 per cent. 

Bajaj Finance and Bajaj Finserv were the top laggards on the 30-share benchmark with 4 per cent decline each, followed by Nestle India, Infosys, TCS, Ultratech Cement, Wipro, HCL Tech, HUL, L&T, and Tata Steel.

On the upside, Tata Motors advanced 3.58 per cent, Bharti Airtel added 3 per cent, and SBI 1.6 per cent. 

In the broader markets, the BSE MidCap and SmallCap indices, too, ended 0.17 per cent and 0.63 per cent weak, respectively.

Among sectors, the Nifty IT index slipped 1.6 per cent, the Nifty Media 1.4 per cent, and the Nifty FMCG 1 per cent. On the upside, the Nifty Auto rallied 1.3 per cent.

3:53 PM

Bajaj Finance tumbles 5%, hits 10-month low; extends YTD weakness to 15%

Shares of Bajaj Finance saw a sharp downturn in the second half of the session on Tuesday, falling 4.9 per cent. The stock fell to its lowest level since May 3, 2023. READ MORE

3:49 PM

Market breadth was negative for the 2nd straight day; 2,575 stocks declined v/s 1,266 advancing shares on BSE

3:47 PM

Sectoral ALERT:: Nifty PSU Bank index soars 2.5%; IOB, UCO Bank lead

3:45 PM

BSE Smallcap Heatmap:: CGCL, PNB Gilts top movers; IIFL group stocks crack

3:43 PM

BSE Midcap Heatmap:: IOB, UCO Bank, Solar Inds rally up to 10%; PEL, PolicyBazaar dip 4%

3:41 PM

Broader Market Check:: SmallCap indices take a stronger knock; India VIX dips 4%

3:39 PM

Nifty Top 5 Movers & Shakers:: Tata Motors, Bharti Airtel shine; Bajaj twins whine

3:37 PM

Sensex 30 Heatmap:: 11 Gainers v/s 19 Losers

3:35 PM

CLOSING BELL:: NSE Nifty50 settles 49 pts lower at 22,356

3:34 PM

CLOSING BELL:: S&P BSE Sensex snaps 4-day winning run, ends 195 pts in red

3:25 PM

Bloomberg to include India's FAR bonds in EM local currency govt index

The index would encompass 34 Indian securities and represent 7.26% of a $6.18 trillion index on a market value-weighted basis. READ MORE

3:16 PM

Global check:: US, UK stock futures marginally in red

Source: Investing.com

3:06 PM

ALERT:: J Kumar Infra wins Rs 1,330 crore project in JV; stock marginally up

J Kumar Infraprojects - RPS (JV) has received Letter of Acceptance from Mumbai Brihanmumbai Municipal Corporation (BMC) for the work of "Proposed construction of elevated road corridor from Eastern Freeway (Orange Gate) to Grant Road area" for the total contract cost amounting to Rs 1329.72 crore; off which the share of the company is 70 per cent i.e. Rs 930.80 crore.

2:58 PM

Tata Sons may fetch valuation up to $96 billion in IPO, says Spark

Based on a peak valuation of $96 billion, even a 5% stake in the company would still be worth more than Life Insurance Corp of India's $2.7 billion IPO in 2022. READ MORE

2:43 PM

Select NBFCs rally up to 20% after RBI action on IIFL Finance

Capri Global Capital (CGCL), CSB Bank, Muthoot Finance and Manappuram Finance are up between 7 per cent and 20 per cent. READ MORE