Stock Market Highlights: Sensex, Nifty recoup losses, end flat

The top 3 gainers in the BSE Sensex are Titan Company Ltd which was up 6.63% and closed at ₹3,468.15, ITC Ltd which was up 5.52 % and closed at ₹492.05, and Adani Ports which was up 2.83 % and closed at ₹1508.25.

The top 3 losers on the BSE Sensex are Larsen and Toubro Ltd, which was down 3.10 % and closed at ₹3538.40, Bajaj Finance Ltd which was down 2.18 % and closed at ₹6732.20, and State Bank of India which was down 1.65 % and closed at ₹863.90.

The benchmark Sensex closed at 80,429.04, which is 0.09% or 73.04 points in the red. The Nifty closed at 24,470.40, which is 0.16% or 38.85 points in the red.

SpiceJet shares jumped as much as 7% to 58.65 rupees after the announcement and is currently trading at ₹56.61, a 3.28% jump. Its shares were down about 4% so far in 2024.

The rupee dropped to 83.69 against the dollar, inching past the previous lifetime low of 83.6775 to the dollar after the stock market crashed following Finance Minister Nirmala Sitharaman's proposal to hike the securities transaction tax (STT). This was in comparison with its value of 83.6275 before the budget presentation.

The benchmark Sensex while still in the red, is recovering slowly. Currently it is down by 253.62 points, compared to the 986.44 point plunge it faced after Finance Minister Nirmala Sitharaman proposed hiking up the securities transaction tax (STT).

The Nifty currently hovers around 24,467.45, down by 41.80 points.

The Nifty sectoral indices sow that the banks are down by 1.67%, financial services is down by 2.06%, IT is down by 0.43%, Metals are down by 1.60%, Pharma is down by 0.13%, Oil & Gas is down by 1.87%, and Auto is down by 0.17%.

FMCG on the other hand is up by 2.5%.

Up to 3,00,000: Nil

From 3,00,000 to 7,00,000: 5%

From 7,00,000 to 10,00,000: 10%

From 10,00,000 to 12,00,000: 15%

From 12,00,000 to 15,00,000: 20%

Above 15,00,000: 30%

The benchmark Sensex plummeted by over 900 points, reaching ₹79,515.64, a loss of 986.44 points.

The benchmark Sensex plunged 1.09 % or 876.39 points to 9,625.69, while the Nifty fell 1.09% or by 267.30 points to 24,241.95.

The Finance Minister has proposed to exempt customs duty on 25 critical minerals including Lithium and Cobalt due to their applications in auto, nuclear, telecom, and multiple other sectors.

The benchmark Sensex plunged by 0.26 % or 209.75 points, reaching 80,292.33. The Nifty fell 0.26% or 62.65 points to 24,446.60.

Andhra Cements Ltd share prices grew 4.99% to ₹99.01, NCL Industries Ltd share was up 2.18% to ₹227.15, and Likhitha Infrastructure Ltd was up 3.70% to ₹447.15.

Kaveri Seed Company Ltd saw an 8.06% rally in share prices, reaching ₹1,045.40. Nova Agritech Ltd is up 3.74% reaching ₹72.59, and Dhanuka Agritech Ltd is up 1.05%, trading at ₹1,680.70.

The benchmark Nifty and Sensex which saw a dive half a hour into Finance Minister Nirmala Sitharaman's budget speech has eased, with the Nifty's losses easing to 21.95 points and the Sensex's losses down to 29.66 points.

The Nifty FMCG index grew 1.40% or 849.50 points to 61,731.25.

The Union Budget 2024 will prioritize increasing the participation of women in the workforce, Finance Minister Nirmala Sitharaman said.

Both the Nifty and Sensex fall half an hour into Finance Minister Nirmala Sitharaman's budget speech. The Sensex fell 0.08 % to 80,438.61, a drop of 63.47 points and Nifty fell to 24,462.95, a drop of 0.19% or 46.30 points.

The Rupee is trading at 83.6387 to the dollar, which is 0.03% lower.

The government will provide 1 month wages or salary support to all persons newly entering workforce in the formal sector, Finance Minister Nirmala Sitharaman says.

Finance Minister Nirmala Sitharaman outlined nine priorities for this year and coming years in the Union Budget 2024 including:

• Productivity and resilience in Agriculture
• Employment and skilling
• Inclusive HRD and social justice
• Mfg & services
• Urban development
• Energy security
• Infra
• Innovation, R&D
• Next generation reforms

Adani Enterprises Ltd traded up 1.07%, a gain of 32.05 points to reach ₹3,032.20. APSEZ was up to ₹1,498.85, a gain of 2.19% or 32.05 points. Adani power was up to ₹723.25, a gain of 3.89% or 27.10 points.

The benchmark Sensex gained 0.09% or 76.43 points, reaching 80,578.51 while the Nifty gained 0.02% or 4.90 points, reaching 24,514.15 as Finance Minister Nirmala Sitharaman begins her budget speech.

Finance Minister Nirmala Sitharaman will be presenting her record seventh consecutive budget at 11 am. Both the benchmark Nifty and Sensex remain in the red, losing 45 and 133 points respectively.