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Stock market highlights on March 1, 2024: The S&P BSE Sensex hit a record high of 73,819, while the Nifty50 touched 22,353 intraday

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		<strong>Closing Bell on March 1, 2024:</strong> Bulls charged on the bourses on Friday as faster-than-expected expansion in the December quarter GDP lifted sentiment. The S&P BSE Sensex hit a record high of 73,819, while the Nifty50 touched 22,353 intraday.</div>
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		The 30-share index, eventually, ended at 73,745, up 1,245 points, while the Nifty shut shop at 22,339, up 356 points. Both the indices surged over 1.5 per cent each.&nbsp;</div>
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		Tata Steel was the lead winner on the BSE benchmark, rising nearly 7 per cent, followed by L&T, JSW Steel, Titan, ICICI Bank, IndusInd Bank, SBI, Tata Motors, Axis Bank, NTPC, Ultratech Cement, Maruti Suzuki, and RIL (up 1.7 per cent).</div>
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		In the broader markets, the BSE MidCap and SmallCap indices underperformed the frontline indices as they capped their gains at 0.9 per cent.&nbsp;</div>
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		Among sectors, the Nifty Metal zoomed 3.7 per cent, the Nifty PSU Bank, Private Bank, Bank, Auto indices over 2 per cent, and the Nifty Realty 0.7 per cent. The Nifty Media, IT, and Pharma indices slipped up to 0.9 per cent.&nbsp;</div>
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Sensex leaps 1,245 pts to end near 73,750, Nifty tops 22,300 on solid Q3

Business Standard

Sensex leaps 1,245 pts to end near 73,750, Nifty tops 22,300 on solid Q3 | News on Markets - Business Standard

US Market Update:: S&P 500, Nasdaq rally up to 0.9% as inflation cools

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		Source: Yahoo Finance</div>
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Broader markets :: Mid, SmallCap indices underperform, end with less than 1% gains

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Sectoral trends :: Metal index leaps over 3.5%, Banking indices gain over 2% each

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NIFTY HEATMAP :: Metals, Financials, RIL power rally; IT stocks weigh

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CLOSING BELL :: Sensex ends at record closing high of 73,745

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Fri-yay! RIL, ICICI Bank, Tata Motors, Grasim, Adani Ports hit new highs

Food delivery services firm Zomato, Ambuja Cements, Cipla, Tata Motors DVR, United Spirits, Bosch, SBI Life Insurance, Tata Consumer Products, Jindal Steel and Power, and Torrent Pharmaceuticals, meanwhile, were among notable stocks from the S&amp;P BSE 200 index that, too, hit their respective record highs. That apart, Adani Enterprises, Indus Tower, and Tata Steel from the index touched 52-week highs. <a href="https://www.business-standard.com/markets/news/fri-yay-ril-icici-bank-tata-motors-grasim-adani-ports-hit-new-highs-124030100575_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Max, Fortis, Apollo: Why are hospital stocks bleeding in a firm market?

Stocks of hospital/healthcare companies have taken a beating in the last two trading sessions. Max Healthcare, one of the largest hospital chains of India, has tanked 16 per cent in just two days till Friday&rsquo;s intraday deals. Whereas the biggest hospital chain, Apollo Hospitals had slipped 4.7 per cent during this period. <a href="https://www.business-standard.com/markets/news/max-fortis-apollo-why-are-hospital-stocks-bleeding-in-a-firm-market-124030100468_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Nifty tops 22,300: Are markets skating on thin ice? What analysts say

Even as the Nifty seems on course to register decade high fiscal gains, the rally seems to have lost momentum in the recent months, with net gains well below the overall average in FY24 so far. <a href="https://www.business-standard.com/markets/news/nifty-tops-22-300-are-markets-skating-on-thin-ice-what-analysts-say-124030100465_1.html?1709281653" target="_blank"><strong>READ MORE</strong></a><br />
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Matrimony, Info Edge seesaw as Google warns removing them from playstore

As per the media report, Google has warned of removing apps of ten companies in India, including of Matrimony.com and Info Edge, for failing to pay a service fee for the use of its playstore. <a href="https://www.business-standard.com/markets/news/matrimony-info-edge-seesaw-as-google-warns-removing-their-apps-playstore-124030100444_1.html?1709281653" target="_blank"><strong>READ MORE</strong></a><br />
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L&T gains nearly 4% on commissioning its first Hydrogen electrolyser

Shares of Larsen &amp; Toubro (L&amp;T) are up 3 per cent to Rs 3,600 on the BSE in Friday&rsquo;s intra-day trade after the company commissioned its first indigenously manufactured electrolyser at the Green Hydrogen plant in Hazira, Gujarat. <a href="https://www.business-standard.com/markets/news/l-t-gains-nearly-4-on-commissioning-its-first-hydrogen-electrolyser-124030100396_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Suven Pharma soars 13% on announcing merger of Cohance Lifesciences

Shares of Suven Pharmaceuticals soared 13 per cent to Rs 712 on the BSE in Friday&#39;s intra-day trade after the company announced a proposed scheme of amalgamation for the merger of Cohance Lifesciences (Cohance) with the company. <a href="https://www.business-standard.com/markets/news/suven-pharma-soars-13-on-announcing-merger-of-cohance-lifesciences-124030100318_1.html" target="_blank"><strong>Read</strong><br />
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Stock of this music company has zoomed 250% in last 10 months

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	Shares of Tips Industries (Tips Music) were up nearly 2 per cent to Rs. 527.95 on the BSE in Friday&rsquo;s intra-day trade after Warner Music announced it has expanded its agreement with the company.<br />
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	Meanwhile, the board of directors of the company also approved the proposal for buyback of up to 5,95,000 equity shares at a price of Rs. 625 per share for a total consideration of Rs. 37.18 crore through a tender offer. <a href="https://www.business-standard.com/markets/news/stock-of-this-music-company-has-zoomed-250-in-last-10-months-124030100304_1.html" target="_blank"><strong>Read</strong><br />
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Metal stocks show mettle; Index jumps 2.5% led by SAIL, Tata, JSW Steel

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	Metal stocks were seen flexing muscle on the bourses on Friday as a faster-than-expected growth in the December quarter (Q3) gross domestic product (GDP) boosted sentiment.<br />
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	The Nifty Metal index rallied 2.5 per cent in the intraday trade as against 1 per cent rise in the benchmark Nifty50 index. At 11:35 AM, SAIL, and Welspun Corp were ruling over 6 per cent higher each, followed by Tata Steel (up 4.6 per cent), JSW Steel (3.45 per cent), Ratnamani Metals (3 per cent), Hindalco (2.9 per cent), and Jindal Steel (2.8 per cent). <a href="https://www.business-standard.com/markets/news/metal-stocks-show-mettle-index-jumps-2-5-led-by-sail-tata-jsw-steel-124030100332_1.html" target="_blank"><strong>Read</strong><br />
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ALERT: Sensex hits record high of 73,574; Nifty near fresh peak

Sensex crosses previous high of 73,427.&nbsp;<br />
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Nifty near alltime high of 22,298.&nbsp;

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Landmark Cars wins MG Motors dealership in Ujjain; stock rallies 9%

Shares of Landmark Cars sprinted 9.3 per cent to Rs 785.75 apiece on the BSE in Friday&#39;s intraday trade after the company announced that it has received a Letter of Intent from MG Motor India Pvt Ltd for opening a dealership in Ujjain, Madhya Pradesh. <a href="https://www.business-standard.com/markets/news/landmark-cars-wins-mg-motors-dealership-in-ujjain-stock-rallies-9-124030100254_1.html" target="_blank"><strong>Read</strong><br />
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Sensex soars over 600 points: 3 factors fueling this rally on March 01

Markets gained ground on Friday with the S&amp;P BSE Sensex rising over 650 points, or 0.9 per cent to trade at 73,166 levels. The Nifty50, on the other hand, moved up 207 points higher to 22,193 levels in the intra-day trade. <a href="https://www.business-standard.com/markets/news/sensex-soars-over-600-points-3-factors-fueling-this-rally-on-march-01-124030100272_1.html" target="_blank"><strong>Read</strong><br />
<img alt="NSE" src="https://bsmedia.business-standard.com/_media/bs/img/article/2024-01/02/full/1704214884-0501.jpg?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></a>

Decoded: MFs that will be most impacted by Sebi directive on small, mid-cap segments

Marker regulator Sebi&#39;s advisory to mutual funds to moderate flows and rebalance portfolios is unlikely to result in forced selling in small- and mid-caps but is more likely to impact mutual fund schemes with larger assets under management. <a href="https://www.business-standard.com/finance/personal-finance/decoded-mfs-that-will-be-most-impacted-by-sebi-directive-on-small-mid-cap-segments-124030100208_1.html" target="_blank"><strong>Read</strong><br />
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CG Power surges 11% as JV to set up Rs 7,600-cr semiconductor unit

Shares of CG Power and Industrial Solutions (CG) surged 11 per cent to Rs 494.40 in Friday&#39;s intraday trade amid heavy volumes, after the company said that it will build an outsourced semiconductor assembly and test facility in India in association with Industrial Solutions Limited, Renesas, and Stars Microelectronics. <a href="https://www.business-standard.com/markets/news/cg-power-surges-11-as-jv-to-set-up-rs-7-600-cr-semiconductor-unit-124030100163_1.html" target="_blank"><strong>Read</strong><br />
<img alt="CG Power" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-11/22/full/1700674777-6351.jpg?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></a>

Healthcare index top underperformer; Metal pocket leads

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Broader indices gain lin line with benchmarks

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Apollo Hospital, Sun Pharma top drags on Nifty

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BPCL, ONGC, Hindalco additional winners on Nifty

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Heatmap: Tata Steel, auto stocks lead Sensex higher

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Currency Alert: Rupee appreciates 5 paise to open at 82.86/$

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Power Grid Corporation's prospects factored in at current valuations

Power Grid Corporation (PGCIL) intends to ramp up its capex substantially through the next two financial years. The Public Sector Undertaking (PSU) utility posted flat consolidated revenues of Rs 10,700 crore in the third quarter of the current financial year (Q3FY24) and reported 7 per cent year on year (Y-o-Y) growth in net profit to Rs 4,000 crore. <a href="https://www.business-standard.com/companies/news/power-grid-corporation-s-prospects-factored-in-at-current-valuations-124022901137_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Tractor stocks may have bumpy ride in near-term; stay selective: Analysts

After a stellar run on&nbsp; the bourses that saw tractor stocks rise up to 52 per cent, analysts are turning cautious on the sector as muted demand trends may weigh in the near-term. <a href="https://www.business-standard.com/markets/news/tractor-stocks-may-have-bumpy-ride-in-near-term-stay-selective-analysts-124022900323_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Stocks to watch: Paytm, Tata Group, Airtel, Biocon, Suven, Vedanta, L&T

Tata Group stocks: The Union Cabinet has approved Rs 1.26 trillion worth of investments in three semiconductor plants, including a Tata group proposal to build the country&rsquo;s first major chip fabrication facility at Dholera in Gujarat. <a href="https://www.business-standard.com/markets/news/stocks-to-watch-paytm-tata-group-airtel-biocon-suven-vedanta-l-t-124030100083_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Economy expands 8.4% in Q3; FY24 growth projection now up at 7.6%

The National Statistical Office (NSO), in its second advance estimates data released on Thursday, revised the FY24 growth estimate upward to 7.6 per cent, from the 7.3 per cent projected in January. <a href="https://www.business-standard.com/economy/news/india-s-gdp-grows-at-8-4-in-q3-economy-to-expand-at-7-6-in-fy24-124022901297_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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F&O strategy: Bull spread recommended on UBL for March series

Nandish Shah of HDFC Securities recommends to Buy UBL 1700 CALL and simultaneously Sell 1800 CALL for the March expiry. <a href="https://mybs.in/2dUDPYW" rel="nofollow" target="_blank"><strong>READ MORE</strong></a><br />
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Sensex leaps 1,245 pts to end near 73,750, Nifty tops 22,300 on solid Q3

Stock market highlights on March 1, 2024: The S&P BSE Sensex hit a record high of 73,819, while the Nifty50 touched 22,353 intraday

US Market Update:: S&P 500, Nasdaq rally up to 0.9% as inflation cools

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