Market Hits New Highs: Nifty Surpasses Record, Sectoral Trends Mixed

4 Mar 2024 , 01:25 PM

Sensex showed a marginal increase of 0.06%, gaining 40.85 points to reach 73,847, while Nifty rose by 0.10%, adding 21.60 points to reach 22,400.

The positive trend in benchmark indices continued at the opening, with Nifty 50 achieving a new all-time high, driven by optimistic sentiments from global markets and India’s better-than-expected Q3 GDP growth.

In the market, 1,214 shares advanced, 2,139 shares declined, and 113 shares remained unchanged. Despite most sectoral indices trading in the red, Nifty Oil & Gas recorded the highest gain at 1.59%, followed by Pharma at 1.26%. Bank Nifty remained flat.

In the broader market, the MidCap index recovered some losses, rising by 0.27%, while the SmallCap index extended losses, declining by 0.69%.

Top gainers included BHEL (13.20%), Tata Comm (4.42%), NTPC (4.04%), and HDFC Life (4.07%). Notable losers featured Berger Paints (-2.42%), Vodafone Idea (-2.41%), JSW Steel (-2.36%), and Eicher Motors (-2.13%).

Foreign institutional investors (FIIs) recorded a net sale of shares worth ₹81.87 Crore, while domestic institutional investors (DIIs) offloaded ₹44.71 Crore worth of stocks on March 2, according to provisional data from the NSE.

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