Stock Market Live Highlights: Markets end 1% higher

The eight-day slide in stock market came to an end on Wednesday with benchmark indices finishing with a nearly 1% increase.

After a strong start, the BSE Sensex increased by 448.96 points, or 0.76 percent, to close at 59,411.08. It increased 513.33 points or 0.87 percent over the day to reach 59,475.45. The NSE Nifty gained 146.95 points, or 0.85 percent to finish at 17,450.90.

State Bank of India, Axis Bank, IndusInd Bank, Tech Mahindra, HCL Technologies, Tata Consultancy Services, Maruti Suzuki, Tata Steel, and Tata Motors were among the top gainers from the Sensex pack. The two groups that lagged behind were Power Grid and HDFC Bank.

Here are the highlights

01 March 2023

16:46 IST

Stock Market live updates: Rupee appreciates against dollar

Rupee opened at 82.48 against the American currency and finally settled at 82.50 (provisional) against the greenback, registering a gain of 8 paise over its previous close of 82.58

16:46 IST

Stock Market live updates: Rupee appreciates against dollar

The rupee appreciated by 8 paise to close at 82.50 (provisional) against the USD

16:44 IST

Stock Market live updates: Markets break 8-day lull

The 30-share BSE Sensex advanced 448.96 points or 0.76 per cent to end at 59,411.08, while the broader NSE Nifty rose 146.95 points or 0.85 per cent to 17,450.90

13:41 IST

Divgi TorqTransfer Systems IPO Kicks off

IPO Open: 1-Mar-23
IPO Close: 3-Mar-23
IPO Price: Rs 560 - Rs 590 
Face Value: Rs 5
IPO Size: Rs 412.12 Cr
Lot Size: 25

12:47 IST

Crude Outlook updates

"Post the weakness seen on Monday, crude prices bounced back in the following session, as both benchmark indices climbed nearly 2 percent higher, offsetting the losses from the other day...We expect crude to trade higher towards 6540 levels, a break of which could prompt the price to move higher to 6650 levels ," said Prathamesh Mallya, AVP- Research, Non-Agri Commodities, and Currencies, Angel One Ltd

12:03 IST

Gold Outlook updates

"The half percentage point gains observed on Monday were extended on Tuesday, with gold prices up 0.54 percent to 1827.2 dollars per ounce...The anticipation that the US Fed would raise the interest rates further would limit the upside in the yellow metal," said Prathamesh Mallya, AVP- Research, Non-Agri Commodities, and Currencies, Angel One Ltd

11:37 IST

Stock Market live updates: Keep close track on heavyweight’s performance 

"As we advance, one needs to keep close track of the heavyweight’s performance as they have contributed to the sell-off. Besides this, global development should also be tracked closely, and in the meantime, we would advocate traders to avoid aggressive bets and focus on stock-specific actions. Simultaneously, Investors can start picking good-quality propositions in a staggered manner from a short to medium-term perspective," said Sameet Chavan, Chief Analyst-Technical and Derivatives, Angel One Ltd

10:15 IST

Stock Market live updates: Rupee Vs dollar

Rupee further rose to 82.36, registering a rise of 22 paise over its previous close

10:14 IST

Stock Market live updates: Rupee Vs dollar

At the interbank foreign exchange, rupee opened at 82.48 vs dollar

10:14 IST

Stock Market live updates: Rupee Vs dollar

The Indian rupee gained 22 paise to 82.36 vs USD

09:09 IST

Stock Market live updates: International oil Price

Brent crude climbed 1.75 per cent to USD 83.89 per barrel

08:57 IST

Stock Market Live Updates: Asian Markets Trade Low

MSCI's broadest index of Asia-Pacific shares outside Japan maintained its level at 511.46 after falling to its lowest point since early January at 509.4. Nikkei and S&P 500 futures in Japan both decreased by 0.5%