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What happened in the Indian stock market today?

On February 29, 2024, amid high volatility and mixed global cues, the domestic equity benchmark indices, the Sensex and Nifty 50, closed in the green.

share market news today

The BSE Sensex rebounded by 195.42 points or 0.27% to settle at 72,500.30, fluctuating between a high of 72,730.00 and a low of 72,099.32 throughout the day. 

Meanwhile, the broader Nifty of NSE gained 31.65 points or 0.14% to close at 21,982.80. 

The final day of the monthly expiry marked a noteworthy session for market recovery despite persistent volatility. Investors adopted a cautious approach, awaiting crucial economic data in the upcoming week.

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Impact on the stock market

In sectoral indices, Nifty PSU Bank, Nifty Bank, Nifty Metal, Nifty Pharma, Nifty FMCG, and Nifty Auto concluded positively, rising between 0.12% and 1.30%. 

Conversely, Nifty IT, Nifty Media, and Nifty Healthcare ended in the red.

Information Technology-0.06%
Oil & Gas+0.14%
PSU Banks+1.30%

Top gainers today

CompanyPriceChange (%age)
Adani Enterprises3,285.40+2.06%
TATA Cons. Prod1,190.05+1.89%
IndusInd Bank1,474.90+1.77%
Adani Ports1,320.50+1.62%

Top losers today

CompanyPriceChange (%age)
Apollo Hospital6,101.60-4.10%
Bajaj Auto7,909.35-3.41%
Eicher Motors3,792.40-1.85%

Market aftermath: Impact on stocks

Juniper hotels surges 9%: Market cap exceeds ₹ 9,500 crore

Juniper Hotels witnessed a 9% surge in its stock for the second consecutive day as Norges Bank purchased a 0.98% stake. With 50 lakh shares traded on both BSE and NSE combined, the company’s market capitalisation soared to over ₹ 9,767.8 crore. 

The luxury hotel developer, which debuted on February 28, raised ₹ 1,800 crore through its IPO and holds a portfolio of seven hotels with 1,836 rooms.

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Lumax auto surges 9%

Lumax Auto Technologies witnessed a 9% surge in its shares following a significant deal worth ₹ 134.50 crore. Approximately 30 lakh shares, representing a 4.4% stake, changed hands at an average price of ₹ 455 per share, reflecting a 1% discount to the previous close. 

Volumes spiked, with 51 lakh shares traded compared to the one-month daily average of 6 lakh shares. The stock traded at ₹ 489.50 on the NSE, showing a 35% increase over the past month.

Zee Entertainment slides 3%

Zee Entertainment Enterprises witnessed a 3% decline after Sony Pictures Networks India formally withdrew its merger application with the media giant. 

Zee shares traded at ₹ 158.75 on the NSE, with volumes surging to 6 crore, compared to the one-month daily average of 4 crore shares. Sony’s termination of the merger process dashed hopes of creating a $10 billion media conglomerate, impacting market sentiment towards Zee.

Crude oil futures dip

On Thursday morning, crude oil futures ended lower following a rise in US crude oil inventories. May Brent oil futures were at $82.05, down 0.12%, while April WTI futures stood at $78.43, marking a 0.14% decrease. 

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March crude oil futures on MCX traded at ₹6,505, down 0.23%, and April futures were at ₹6,479, a 0.25% decline from the previous close. The data reflected market sentiment amidst inventory level fluctuations.


In today’s market update, the Sensex and Nifty 50 closed positively amidst high volatility, with the Sensex rising by 0.27% and the Nifty gaining 0.14%.

Juniper Hotels and Lumax Auto witnessed significant surges in their stock prices, while Zee Entertainment faced a decline after Sony withdrew its merger plans. Crude oil futures dipped due to rising US crude inventories, reflecting market sentiment.

Stay tuned on StockGro for market updates and insights into the dynamic world of the stock market.

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Hunny Meghani

A curious mind, a love for writing, and a passion for all things finance - that's me in a nutshell. Whether I'm exploring the latest stock market trends or diving into the nitty-gritty of personal finance, marketing, and AI. I'm always on the hunt for the next big story.

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