Sensex’s Winning Run Continues, Ends 4th Day Higher, Nifty Above 22,400

Ira Singh
Khabar Khabaron Ki,04 Mar’24

The domestic equity market continued its record run on Monday as Nifty50 scaled a fresh lifetime high during opening deals aided by the gains in financial, auto and energy stocks.

Positive cues from global markets and optimism arising from India’s better than expected GDP growth in Q3 last week also aided the sentiment.At close ,the Sensex was up 66.14 points or 0.09 percent at 73,872.29, and the Nifty was up 27.20 points or 0.12 percent at 22,405.60. About 1,198 shares rose, 2,214 declined, and 110 were unchanged.

NTPC, HDFC Life and Power Grid were the top gainers on the Nifty,while losers included JSW Steel, Eicher Motors and M&M.On the sectoral front, banks, energy, infra, and pharma rose while information technology, metals, FMCG, and automobile remained under pressure.

Rupee Close:
On 04 Mar’24,the Indian rupee appreciated 4 paise to 82.87 against the US dollar in early trade on Monday, amid a weak American currency against major rivals overseas and inflow of foreign funds in the domestic capital markets.

A positive sentiment in the equity markets supported the rupee, though the local unit was weighed down by an upward movement in the crude oil prices, forex traders said.

Trading Guide:
Market experts have recommended four stocks to buy for Monday- Glenmark Pharmaceuticals, Data Patterns, Birlasoft, and IEX.