Nifty 50 vs GDP of India: The key benchmark indices of the Indian stock market surged to a new high after India's Q3 GDP saw an impressive growth rate of 8.4% driven by robust manufacturing, highlighting the inherent strength and potential of our economy. However, the domestic equities got some support from the US Fed rate cut buzz as well after the easing of US inflation data that triggered.

Gold prices in the international and domestic markets suffered losses in the first two months of 2024. A strong US dollar, expectations of further delay in US Fed rate cuts, and a rally in global equities affected the sentiment surrounding the metal. The US Dollar has gained almost 3% since the start of January. Firm US economic releases and uncertainty over US rate cuts attracted investor.

Benchmark indices NSE Nifty 50 and BSE Sensex extended the previous session’s gains and scaled new highs during the special trading session on March 2. The 50-share NSE index made a new all-time high at 22,419.55 and closed 0.18 percent higher at 22,378.4. On the other hand, the 30-share Sensex hit a fresh 52-week high at 73,994.70 and closed the special trading session marginally up.

Budgets, particularly under the current ruling regime, are progressively becoming less tactical and more directional. If anything, the latest interim Budget, often referred to as “vote on account”, has only strengthened this view more convincingly. Coming ahead of a looming general election, the allure was there all over for the govt to pursue populism against fiscal restraint.

Shares of Tata Steel jumped 4% on Saturday to their fresh 52-week highs of Rs 156.20 on the NSE after a block deal, in which 74.1 lakh shares of the company changed hands. With today's rally, the stock has gained 10% in three sessions. The price action was supported by strong volume action as more than 1 crore shares changed hands on the NSE around 11:50 am.

Stock market today: Domestic equity benchmark indices, the Sensex and Nifty 50, ended the trading day on Saturday with gains for the fourth straight session, adding on a strong rally that began the previous day before on positive GDP data and foreign fund inflows, and led by massive gains in metal stocks.In the second part of the special live trading session, which took place from 11.30 IST.

Jason Zweig quoted in his book The Intelligent Investor…The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap). The Intelligent Investor is the one who knows when to take risks and buy shares when there is pessimism…and avoid risk and sell shares when there is optimism.

Aurobindo Pharma stock soared 4 percent to Rs 1,069 on March 2 after the pharma company received final approval from the US Food and Drug Administration (USFDA) to manufacture and market Fingolimod capsules, 0.5 mg, which are bioequivalent and therapeutically equivalent to the reference listed drug (RLD), Gilenya Capsules, of Novartis Pharmaceuticals Corporation.

Mukka Proteins IPO: Subscription for the initial public offering (IPO) of Mukka Proteins Limited opened on 29th February 2024 i.e. on Thursday last week. the public issue will remain open till 4th March 2024, which means the primary market investors have just one day in hand to apply for the public issue. Mukka Proteins IPO has already raised ₹67.20 crore from anchor investors.

The benchmark indices rose sharply on Friday after the faster-than-expected gross domestic product (GDP) growth in the third quarter of FY24 and positive global cues buoyed investor sentiment. The Sensex zoomed 1,245.05 points or 1.72% to close at an all-time high of 73,745.35. The Nifty also jumped 355.95 or 1.62% to hit a record closing high of 22,338.75.

[quote]Market Buzz[/quote]Paytm Payments Bank fined Rs 5.49 crore for violating money laundering norms The Financial Intelligence Unit-India has imposed a penalty of Rs 5.49 crore on Paytm Payments Bank for violating money laundering norms. Read more [quote]Watch Out[/quote]Take a look at these key events Today PM Modi to visit Jharkhand, West Bengal, Bihar Bharat Jodo Nyay Yatra.

Paytm gained over 3 percent on March 2, a day after the Financial Intelligence Unit-India imposed a penalty of Rs 5.49 crore on Paytm Payments Bank for violating money-laundering norms. At 9:59 am, at the end of the first session during the March 2 special trading session, the stock was at Rs 418.75 Follow our market blog for live updates In a statement.

Relaxo Footwear, which makes slippers and other footwear products, has seen a remarkable rally in the last decade or so, rising as much as 1,200% in just 10 years.Accordingly, if an investor had invested Rs 10,000 in the stock four years ago and stayed put, the investment would have jumped to 1.2 lakh, according to an analysis by ET Markets.

Special Trading Session: The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) will hold a special live trading session today (Saturday, March 2) to assess the resilience of their disaster recovery systems. Special trading session is part of the framework for the Business Continuity Plan (BCP) and Disaster Recovery Site (DRS) management system.The Primary Site (PR) will be switch.

Exicom Tele-Systems IPO: Subscription for the initial public offering (IPO) of Exicom Tele-Systems Limited ended on 29th February 2024 i.e. on Thursday. Now, investors are eagerly waiting for the announcement of share allocation, which is expected soon. In the wake of T+3 listing rule, Exicom IPO allotment date is most likeluy today or on 4th March 2024 i.e. on Monday next week.