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Special Trading Session – Share Market Highlight- Markets close off day’s high! Nifty closes below 22,400, Sensex around 73,800; Nifty Midcap 100 closes over 350 points down

Special Trading Session | Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed in positive territory after hitting a fresh lifetime high during the special trading session on March 02. The NSE Nifty 50 closed 39.65 points or 0.18% lower to settle at 22,378.40, while the BSE Sensex lost 60.80 points or 0.08% to settle at 73,806.15. The broader indices closed in the green, with gains led by midcap and smallcap stocks. The Bank Nifty gained 10.60 points or 0.02% to settle at 47,297.50.

Live Updates
12:32 (IST) 2 Mar 2024
Special trading session live updates | Markets at close

The NSE Nifty 50 closed 0.17% higher at 22,376.25, while the BSE Sensex closed 0.08% higher at 73,804.01.

12:21 (IST) 2 Mar 2024
Special trading session | Share market today live updates | Top gainers and losers

Tata Steel, Hero MotoCorp, Adani Ports, Tata Motors, and JSW Steel were the top gainers in the Nifty 50. While M&M, Sun Pharma, Maruti Suzuki, NTPC, and Power Grid were the major laggards in the Nifty 50 in the special trading session on March 02.

12:11 (IST) 2 Mar 2024
Special trading session | Share market today live updates | Nifty Bank index movers

The index was the only loser among the sectoral indices.

11:56 (IST) 2 Mar 2024
Special trading session | Share market today live updates | Nifty Metal index movers

The index was trading highest among its peers.

11:46 (IST) 2 Mar 2024
Special trading session | Share market today live updates | Tata Steel at new 52-week high

The stock of Tata Steel rose 4% to hit a new 52-week high of Rs 156 in the special trading session on the National Stock Exchange. The stock has an upper band of 157.50. The stock was the top gainer in the Nifty 50.

11:38 (IST) 2 Mar 2024
Special trading session today live updates | Top gainers and losers in second session

Tata Steel, Hero MotoCorp, Tata Motors, Apollo Hospitals, and L&T were the top gainers in the Nifty 50. While M&M, Ultratech Cements, NTPC, ICICI Bank, and Sun Pharma were the major losers in the Nifty 50.

11:31 (IST) 2 Mar 2024
Special trading session | Stock market today live updates | Market at open in second session

The NSE Nifty 50 opened 0.29% higher at 22,402.95, while the BSE Sensex opened 0.16% higher at 73,866.75 in the second session.

11:02 (IST) 2 Mar 2024
Special trading session | Stock market today live updates | Exchanges to shift on DR site

The Indian stock exchanges will be conducting the second trading session from the Disaster Recovery site. Timings for the same follow as such:

Pre-Open open time 11:15 hrs

Pre-Open close time * 11:23 hrs

Normal Market open time 11:30 hrs

Call Auction Illiquid session 2 open time 11:45 hrs

Call Auction Illiquid session 2 close time * 12:00 hrs

Normal Market close time 12:30 hrs

Closing Session open time 12:40 hrs

Closing Session close time 12:50 hrs

Trade Modification end time 13:00 hrs

10:30 (IST) 2 Mar 2024
Special trading session | Stock market today live updates | Markets at record highs

The NSE Nifty 50 and BSE Sensex both hit a new lifetime high during the special trading session. The Nifty 50 touched a fresh high of 22,419.55 before closing at 22,395.00 points. While the 30-stock Sensex hit a new all-time high of 73,982.12 to close at 73,860.26 points in the first session of special trading.

09:57 (IST) 2 Mar 2024
Special trading session | Stock market today live updates | Nifty 50 index movers

09:35 (IST) 2 Mar 2024
Special trading session | Stock market today live updates | Early gainers and losers

Hero MotoCorp, Tata Steel, Apollo Hospitals, L&T, and Cipla were the top gainers in the Nifty 50. M&M, Sun Pharma, BPCL, Power Grid Corporation, and NTPC were the key laggards in the Nifty 50 on March 02.

09:16 (IST) 2 Mar 2024
Special trading session | Stock market today live updates | Markets at open

The NSE Nifty 50 opened 0.27% higher at 22,398.40, while the BSE Sensex opened 0.22% higher at 73,903.91.

08:45 (IST) 2 Mar 2024
Special trading session | Stock market today live updates | Market outlook by Geojit Financial

At the onset of a week laden with economic data releases, investor sentiment appeared cautious. However, indices surged in the final session, propelled by stellar Indian GDP figures and a healthy performance in the Indian manufacturing sector as output and new orders picked up. While robust economic data boosted confidence in the Indian economy, concerns lingered regarding the RBI’s policy decisions amidst high liquidity and inflation worries. On the global front, in-line US personal consumption expenditure data and benign Eurozone inflation may influence global central banks to take a dovish view on interest rates. US bond yields dipped after the inflation data release, also supporting the equity market, said Vinod Nair, Head of Research at Geojit Financial Services.

“Banking stocks reversed initial weakness to perform well on the back of an improved economic outlook, while weakness persisted in the IT and pharma sectors, which are more closely tied to the global economy. The release of additional data from the US, such as PMI and payroll data, along with inflation data from China, may influence market dynamics moving forward. Corrections in mid- and small-caps are underway and expected to continue, with regulators urging disclosure of associated risks to AMCs,” said Nair.

08:22 (IST) 2 Mar 2024
Special trading session | Stock market today live updates | Expert’s view on Bank Nifty

Bank Nifty has held on to the support zone of 45800 – 45600 and started the next leg of upmove which can take the Bank Nifty towards the zone of 48630 – 48660. Bank Nifty is likely to take the lad and support the next leg of the upmove. Participation from key heavyweights is likely to aid the upmove, said Jatin Gedia, technical research analyst at Sharekhan by BNP Paribas.

08:16 (IST) 2 Mar 2024
Special trading session | Stock market today live updates | Market’s on Nifty’s technical aspect

Commenting on the technical outlook Jatin Gedia, a technical research analyst at Sharekhan by BNP Paribas, said that the Nifty opened gap up and continued to inch higher throughout the day to close with gains of – 356 points. 

“On the daily charts, we can observe that the Nifty has broken out of a Running Triangle pattern indicating the start of a fresh leg of upmove. The daily Bollinger bands have begun to expand and prices trading along the upper band indicate that there could be sharp trending moves on the upside. We expect Nifty to target levels of 23000 – 23100 from a short-term perspective. On the downside, the zone of 21900 – 21860 shall now act as a crucial support zone and a breach below it shall lead to a trend reversal,” said Gedia.

08:10 (IST) 2 Mar 2024
Special trading session | Stock market today live updates | FII and DII data

Foreign institutional investors (FII) bought shares net worth Rs 128.94 crore. While, domestic institutional investors (DII) sold shares net worth Rs 3,814.53 crore on March 01, 2024, according to the provisional data available on the NSE.

08:00 (IST) 2 Mar 2024
Special trading session | Stock market today live updates | Crude Oil

WTI crude prices were trading at $79.97 up by 2.19%, while Brent crude prices were trading at $83.39 up by 1.81%, on Saturday morning.

07:54 (IST) 2 Mar 2024
Special trading session | Stock market today live updates | Dollar Index

The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, traded marginally higher, 0.01% at 103.97.

07:44 (IST) 2 Mar 2024
Special trading session | Stock market today live updates | Wall Street

The equity indices in the US closed in positive territory. The Dow Jones Industrial Average inched up 90.99 points or 0.23% to 39,087.38. The tech-heavy Nasdaq Composite advanced 1.14% to close at 16,274.94. While the S&P 500 rose 0.80% to settle at 5,137.08.  

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