📈 Domestic benchmark indices closed on a flat note on March 4th, 2024. 📢 At 3:30 PM, the Sensex gained 66.14 points or 0.09% at 73,872.29, and the Nifty was higher by 27.20 points or 0.12% at 22,405.60. 📊Among sectoral, Nifty Energy (⬆️1.79%) turned out to be the best performer while Nifty IT (⬇️0.77%) saw considerable selling.

Shares of Bharat Heavy Electricals (BHEL) jumped over 14% on Monday to hit their 12-year high of Rs 269.45 on the NSE. With this rally, the state-run stock has extended its gains to over 20% in the last four trading sessions. The stock generated tremendous buying interest among the investors with more than 16.52 crore shares trading on the NSE at 2:10 pm.

Maharashtra CM Eknath Shinde on Sunday laid the foundation of the Metro Line 12 which will connect Kalyan with Taloja in Navi Mumbai, stating it will bring in a new wave of development in the Mumbai Metropolitan Region. The upcoming metro line is an extension of Metro Line-5 (Thane-Bhiwandi-Kalyan) which will play a crucial role in improving connectivity in MMR and extending the metro network.

Exicom Tele Systems IPO: After the finalization of share allotment, allottees are eagerly waiting for the Exicom Tele Systems IPO listing date, which is most likely on 5th March 2024 i.e. tomorrow. In the wake of the T+3 listing rule becoming mandatory from 1st December 2024, the public issue is expected to hit the Indian stock market tomorrow but an official confirmation from the Indian stock.

Insurance stocks HDFC Life Insurance, Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), and Max Financial Services gained up to 3% on March 4 after reports suggested that the Insurance Regulatory and Development Authority of India (IRDAI) is likely to consider rationalisation of proposed surrender value.

Nvidia’s meteoric surge has helped push the stock market to record highs. It also has some on Wall Street saying the “B word.” The stock has risen more than sevenfold since Oct. 14, 2022, and Nvidia is now the third-most-valuable U.S. company, with a market value above $2 trillion. The chip maker added nearly $280 billion in value in just two trading sessions after reporting blowout.

Benchmark indices the Nifty and the Sensex trimmed opening gains to trade marginally higher on March 4 on buying in energy and infra names. Tracking gains in the US and Asian markets, the Sensex was up 57.43 points or 0.08% at 73,863, and the Nifty was up 25.00 points or 0.11% at 22,403.40 at 2.06 pm. About 1,198 shares advanced, 2,175 declined, and 108 were unchanged.

The market is likely to maintain its strong momentum this week during which a slew of data from India, the US, Europe and Asia is expected. The HSBC Services PMI (Final) numbers for February will be released on March 5. As per the preliminary data, the India Services PMI jumped to 62 in February, from 61.8 in January 2024. Bank loan and deposit growth for the fortnight ended February 23.

Some of the world’s largest market makers operating systematic strategies are gearing up to trade India equity futures from a new financial hub in the South Asian country, according to the president of Singapore Exchange Ltd. About five to 10 systematic traders, who use pre-defined rules and mathematical models to make decisions, are getting ready to begin trading GIFT Nifty futures in Gujarat.

Leading broking firm Angel One has roped in a group of seasoned wealth managers as co-founders to lead its private wealth management business. Former Kotak Cherry executive Srikanth Subramanian has joined Angel One Wealth as co-founder and CEO of Angel One. Subramanian comes with more than twenty years of experience in investment and wealth management business.

Paul Gruenwald, Global Chief Economist at S&P Global Ratings, said global economic growth is likely to surprise on the upside and hence he sees only modest headwinds for India next fiscal In an interview with CNBC-TV18, Gruenwald spoke about global economies like China, US and also spoke about India's economic outlook. "India is largely a domestic lead economy.

Most Indians love to spend on electronic gadgets, shopping and traveling. The millennials and Gen Z are now preferring to save, invest then spend towards their lifestyle and travel goals, according to the Spendvesting Report, released by Multipl, a fintech investment platform. The report highlights an innovative personal finance strategy enabling Indians to save a significant 20 percent on all

Azad Engineering IPO was launched on 20th December 2023 and the book build issue was offered at a price band of ₹499 to ₹524 per equity share. Azad Engineering shares were listed on BSE and NSE on 28th December 2023 at a whopping premium of around 35 percent. However, Azad Engineering share price continues to scale upside after a strong debut on Dalal Street.

The term 'Demat' stands for dematerialisation, a process wherein physical securities are transformed into electronic form. Through a demat account, traders can hold, transfer, and transact securities without the need for physical certificates. According to SEBI guidelines, verifying the identity of the applicant is a mandatory requirement during the account opening process.

NTPC Limited share price gained more than 4% on Monday to hit record highs of ₹358.30 on the NSE, during intraday trades. Notably NTPC  stock was the largest gainer among Nifty-50 stocks.As the power demand in the country remains strong and is lifting prospects of power producers like NTPC, the news flow around further capacity expansions remains strong, improving earnings prospects for NTPC.