Mumbai (Maharashtra) [India], March 5 (ANI): The stock market concluded on a negative note on Tuesday, snapping a four-day winning streak, as equity markets grappled with weakness driven by tepid global sentiment and profit booking in IT shares. The BSE <keyword id="19896382" type="General" weightage="20" keywordseo="sensex" source="keywords">Sensex</keyword> dropped by 195.16 points, closing at 73,677.13, while the <keyword id="19896381" type="General" weightage="20" keywordseo="nifty" source="keywords">Nifty</keyword> shed 49.30 points to close at 22,356.30. Among the Nifty companies, 21 witnessed advances, while 29 declined. At the closing bell, <keyword id="19906967" type="General" weightage="20" keywordseo="tata-motors" source="keywords">Tata Motors</keyword>, Bharti Airtel, Bajaj Auto, SBI, and ONGC emerged as the top gainers, while <keyword id="19950210" type="General" weightage="20" keywordseo="bajaj-finserv" source="keywords">Bajaj Finserv</keyword>, <keyword id="19955371" type="General" weightage="20" keywordseo="bajaj-finance" source="keywords">Bajaj Finance</keyword>, Nestle India, Infosys, and TCS were among the top losers. The Sensex witnessed a decline of 0.26 per cent, while the Nifty50 dipped by 0.22 per cent. Notably, Bajaj Finance and Bajaj Finserv were the top laggards on the 30-share benchmark, each witnessing a 4 per cent decline. Conversely, Tata Motors advanced by 3.58 per cent, Bharti Airtel added 3 per cent, and SBI rose by 1.6 per cent. In the broader markets, the BSE MidCap and SmallCap indices ended 0.17 per cent and 0.63 per cent weaker, respectively. Sectorally, the Nifty IT index slipped by 1.6 per cent, the Nifty Media by 1.4 per cent, and the Nifty FMCG by 1 per cent. However, the Nifty Auto rallied by 1.3 per cent. Varun Aggarwal, founder and managing director, Profit Idea, said, "The negative sentiment in Indian equities mirrored trends in Asian markets, with Hong Kong experiencing sharp declines amid China's parliamentary session commencing without significant stimulus plans. Futures pricing indicated a negative opening for US stock markets following Wall Street's retreat on Monday. In Europe, shares moved lower, reflecting investor caution ahead of key economic data releases". On the commodities front, gold prices steadied near a three-month peak, supported by subdued US manufacturing and construction spending data. Meanwhile, crude oil prices continued to decrease due to demand headwinds, despite OPEC's decision to extend voluntary output cuts. Brent futures stood at USD 82.70 a barrel, while US West Texas Intermediate (WTI) settled at USD 78.57 a barrel. The day's trading session highlighted the volatility and cautious sentiment prevailing in the global financial markets, as investors closely monitored economic indicators and geopolitical developments for further cues. SEE ALSO:<a href="https://www.businessinsider.in/business/auto/news/electric-two-wheeler-sales-grow-by-24-in-february-2024-ola-electric-leads-with-over-40-market-share/articleshow/108227956.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/electric-two-wheeler-sales-grow-by-24-in-february-2024-ola-electric-leads-with-over-40-market-share/articleshow/108227956.cms" target="_blank">Electric two-wheeler sales grow by 24% in February 2024, Ola Electric leads with over 40% market share</a><a href="https://www.businessinsider.in/business/auto/news/byd-seal-electric-sedan-launched-in-india-starting-at-41-lakh/articleshow/108234000.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/byd-seal-electric-sedan-launched-in-india-starting-at-41-lakh/articleshow/108234000.cms" target="_blank">BYD Seal electric sedan launched in India starting at ₹41 lakh</a><a href="https://www.businessinsider.in/stock-market/news/mukka-proteins-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/108212514.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/mukka-proteins-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/108212514.cms" target="_blank">Mukka Proteins IPO allotment – How to check allotment, GMP, listing date and more</a>

Stock market closes on negative note as Sensex ends winning streak

Mumbai, Sensex and <keyword id="19896381" type="General" weightage="100" keywordseo="nifty" source="keywords">Nifty</keyword> soared to fresh closing record highs on Wednesday, with the 30-share benchmark index crossing the historic 72,000 mark, boosted by optimism over the country's macroeconomic fundamentals and firm global market trends. Reflecting broader investor bullishness, the 50-share index surged to a record high of 21,654.75 on intense buying in metal, commodity, auto and banking sectors. Rising for the fourth straight session, the BSE gauge jumped 701.63 points or 0.98 per cent to settle at its all-time closing high of 72,038.43. During the day, it zoomed 783.05 points or 1.09 per cent to reach its intra-day lifetime high of 72,119.85. The Nifty climbed 213.40 points or 1 per cent to settle at a record high of 21,654.75. During the day, it rallied 234.4 points or 1.09 per cent to reach its all-time intra-day peak of 21,675.75. Among the Sensex firms, UltraTech Cement, JSW Steel, <keyword id="19906967" type="General" weightage="50" keywordseo="tata-motors" source="keywords">Tata Motors</keyword>, Bharti Airtel, <keyword id="19934368" type="General" weightage="50" keywordseo="state-bank-of-india" source="keywords">State Bank of India</keyword>, Larsen &amp; Toubro, Infosys and <keyword id="19950210" type="General" weightage="50" keywordseo="bajaj-finserv" source="keywords">Bajaj Finserv</keyword> were the major gainers. On the other hand, NTPC and Tech Mahindra were the laggards. In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled with gains. European markets were mostly trading in positive territory. The US markets ended in the green on Tuesday. "The upbeat domestic market continued reaching a new record high and easily recovered the last week's losses. This upward trend was predominantly supported by the Santa Claus rally in anticipation of early rate cuts by the US Fed and cooling global inflation," said <keyword id="19969359" type="General" weightage="50" keywordseo="vinod-nair" source="keywords">Vinod Nair</keyword>, Head of Research at Geojit Financial Services. Global oil benchmark Brent crude declined 0.21 per cent to USD 80.90 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 95.20 crore on Tuesday, according to exchange data. The BSE benchmark climbed 229.84 points or 0.32 per cent to settle at 71,336.80 on Tuesday. The Nifty advanced 91.95 points or 0.43 per cent to 21,441.35. SEE ALSO:<a href="https://www.businessinsider.in/business/auto/news/upcoming-new-cars-and-suvs-in-india-in-2024/slidelist/106319563.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/upcoming-new-cars-and-suvs-in-india-in-2024/slidelist/106319563.cms" target="_blank">Five-door Thar to Creta, Sonet facelifts – SUVs, upcoming cars to hit Indian roads in 2024</a><a href="https://www.businessinsider.in/tech/mobile/webstories/upcoming-new-mobile-smartphones-in-india-in-january-2024/slidelist/106312182.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/webstories/upcoming-new-mobile-smartphones-in-india-in-january-2024/slidelist/106312182.cms" target="_blank">OnePlus 12 to Redmi Note 13 – New smartphones set to hit Indian market in January</a><a href="https://www.businessinsider.in/stock-market/news/innova-captab-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/106294976.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/innova-captab-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/106294976.cms" target="_blank">Innova Captab IPO allotment – How to check allotment, GMP, listing date and more</a>

Sensex scales 72k peak for first time; Nifty hits all-time high

The 30-scrip Sensitive Index (<keyword id="6484188" type="General" weightage="20" keywordseo="sensex" source="Orion">Sensex</keyword>) and broader 50-scrip Nifty on the National Stock Exchange (NSE) extended their losses from the previous three consecutive sessions and declined on Friday. At 10.25 a.m., Sensex traded at 58,593 points, down 0.9 per cent from the previous close of 59,464 points. It opened at 59,039 points. Nifty traded at 17,599 points, down 0.9 per cent from the previous close of 17,757 points. It opened at 17,613 points. <keyword id="85462" type="General" weightage="20" keywordseo="bajaj-finserv" source="Orion">Bajaj Finserv</keyword>, Tech Mahindra, <keyword id="45383" type="General" weightage="20" keywordseo="coal-india" source="Orion">Coal India</keyword>, Adani Ports, Bharti Airtel were some of the top losers, NSE data showed. Top gainers during the early trade were Hindustan Unilever, <keyword id="9897896" type="General" weightage="20" keywordseo="Tata-consumers" source="Orion">Tata Consumers</keyword>, Bajaj Auto, Hero MotoCorp, and Power Grid Corporation. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/last-day-to-subscribe-to-ags-transact-ipo-gmp-drops-to-10/articleshow/89026193.cms">Last day to subscribe to AGS Transact IPO, GMP drops to ₹10</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/shoppers-stop-shares-jump-15-after-company-reports-first-profit-in-10-quarters/articleshow/89031576.cms">Shoppers Stop shares jump 15% after company reports its first profit in more than two years</a>

Markets continue to fall for fourth straight sessions; Bajaj Finserv, Coal India, Shree Cement fall sharply

The <keyword id="6484188" type="General" weightage="20" keywordseo="sensex" source="Orion">Sensex</keyword> and Nifty eked out modest gains on Friday after a two-session sliding streak, propped up by firm Asian markets and buying from foreign institutional investors. A sharp recovery in the <keyword id="6355302" type="General" weightage="20" keywordseo="rupee" source="Orion">rupee</keyword> further bolstered investors' sentiment, traders said. Overcoming a wobbly start, the 30-share BSE Sensex gained momentum as the session progressed to close 113.95 points or 0.19 per cent higher at 60,950.36. Similarly, the broader NSE Nifty rose 64.45 points or 0.36 per cent to 18,117.15. Bajaj Finserv topped the Sensex gainers' chart, jumping 4.55 per cent, followed by UltraTech Cement, Tata Steel, SBI, Reliance Industries, Asian Paints, Bajaj Finance and Wipro. In contrast, Dr Reddy's, Infosys, Hindustan Unilever, HDFC Bank, NTPC, PowerGrid and Bharti Airtel were among the laggards, shedding up to 1.49 per cent. The market breadth was in favour of the bulls, with 18 of the 30 Sensex counters closing in the green. "The Bank of England in its policy announcement, mirrored the Fed's view, dashing hopes for a near-term policy softening... pharma and IT sell-off continued due to concerns about the impending recession. "The dollar surged along with the US Treasury yield following the hawkish remarks from global central banks, while <keyword id="6368141" type="General" weightage="20" keywordseo="fiis" source="Orion">FIIs</keyword> continued their domestic support," said Vinod Nair, Head of Research at Geojit Financial Services. On a weekly basis, the Sensex jumped 990.51 points or 1.65 per cent, while the Nifty climbed 330.35 points or 1.85 per cent. "The equity market closed marginally higher after a week of relatively lower level of volatility. The hike in rates from Fed and the ECB and the Fed's assertion that the hard money policy would continue into the next year as well triggered discussions on the likely decline in the rate of growth which could spell trouble for the current calculations on business growth and earnings. "While the markets reflect a certain sense of stability, overseas developments may still continue to dominate the scene in the weeks ahead. Certainty on the trajectory of rates and greater stability in exchange rates are required to get the overseas investors back into the markets," said Joseph Thomas, Head of Research, Emkay Wealth Management. In the broader market, the BSE smallcap gauge advanced 0.41 per cent and the midcap index closed unchanged. Sector-wise, the BSE metal index spurted 2.90 per cent, followed by commodities, energy, industrials, capital goods and power. Healthcare, IT, teck, consumer durables and bankex logged losses. On the global front, Asian equities darted up amid speculation that China will relax its 'COVID-zero' policy. Markets in Seoul, Shanghai and Hong Kong ended higher, while Tokyo settled in the red. Stock exchanges in Europe were trading in the positive territory in mid-session deals. Wall Street had ended lower on Thursday. International oil benchmark Brent crude was trading 2.34 per cent higher at USD 96.89 per barrel. The rupee appreciated by 47 paise to close at 82.41 (provisional) against the US dollar on Friday, as the greenback retreated from its elevated levels. Foreign Institutional Investors (FIIs) were net buyers on Thursday as they bought shares worth Rs 677.62 crore, as per exchange data. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/archean-chemical-industries-ipo-set-to-open-next-week-gmp-at-90/share/articleshow/95305465.cms">Archean Chemical Industries’ IPO set to open next week; GMP at ₹90/share</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/titans-q2-net-rises-34-says-headroom-to-grow-market-share-is-huge/articleshow/95305075.cms">Titan’s Q2 net rises 34%, says headroom to grow market share is huge</a>

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Stock market closes on negative note as Sensex ends winning streak

ANI

Sensex scales 72k peak for first time; Nifty hits all-time high

PTI

Markets continue to fall for fourth straight sessions; Bajaj Finserv, Coal India, Shree Cement fall sharply

IANS

Sensex snaps 2-day losing run amid firm Asian cues; posts weekly gain

PTI