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Stock Market Live Updates on 29 February 2024: Sensex, Nifty slip into the red in morning session

ByRomeo Minalane

Feb 29, 2024 #market, #stock
Stock Market Live Updates on 29 February 2024: Sensex, Nifty slip into the red in morning session

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Updated – February 29, 2024 at 04:29 PM.

Sensex, Nifty updates on 29 February 2024: Benchmark stock indices Sensex and Nifty closed with gains on Thursday in a highly volatile trade amid the scheduled monthly expiry of derivative contracts. The 30-share BSE Sensex rebounded 195.42 points or 0.27 per cent to settle at 72,500.30. During the day, the benchmark oscillated between a high of 72,730.00 and a low of 72,099.32. The broader Nifty of NSE gained 31.65 points or 0.14 per cent to close at 21,982.80. Among Sensex shares, IndusInd Bank, Mahindra & Mahindra, HCL Tech, Power Grid, Maruti, State Bank of India, Titan, Asian Paints, Nestle and UltraTech Cement were the major gainers. Hindustan Unilever, Bharti Airtel, Tata Motors, ITC, Tech Mahindra and Axis Bank were among the laggards.
Slight movements can mean big profits istock photo for BL

| Photo Credit: shapecharge

tock Market | Share Market Updates – Find here all the updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 29 February 2024.

ALL UPDATESFebruary 29, 2024 16:24Share market today: Sensex, Nifty close higher in volatile trade; RIL gains after mega-merger deal
Benchmark stock indices Sensex and Nifty closed with gains on Thursday in a highly volatile trade amid the scheduled monthly expiry of derivative contracts.

The 30-share BSE Sensex rebounded 195.42 points or 0.27 per cent to settle at 72,500.30. During the day, the benchmark oscillated between a high of 72,730.00 and a low of 72,099.32.

The broader Nifty of NSE gained 31.65 points or 0.14 per cent to close at 21,982.80.

February 29, 2024 16:23Currency market today: Rupee settles flat at 82.91 against US dollar
The rupee on Thursday settled flat at 82.91 (provisional) against the US dollar, as the support from lower crude oil prices and a weak greenback against major crosses overseas was offset by sustained foreign capital outflows.

Besides, a positive trend in equity markets provided a cushion to the domestic unit, forex traders said.

February 29, 2024 15:58Stock market live today: Landmark Cars secures letter of intent for MG dealership in Ujjain
​Landmark Cars Limited​ has received a letter of intent from MG Motor India Pvt Ltd for opening a dealership in Ujjain, Madhya Pradesh. This dealership will be established by Aeromark Cars Private Limited, a wholly owned subsidiary of Landmark Cars.

February 29, 2024 15:47Share market updates: Vinod Nair of Geojit Financial Services on market outlook
Vinod Nair, Head of Research, Geojit Financial Services

“Domestic benchmark traded near a flat-line trend throughout the session, but some buoyancy emerged by the end of the day. Investors adopted a cautious wait & watch approach on the verge of a heavy economic data week. India Q3 GDP has a moderate outlook on a QoQ basis. Fed’s preferred gauge; the US personal consumption expenditure (PCE) price index is due to provide a clue on the future interest rate cut path and China’s PMI index is scheduled to be released Friday.”

February 29, 2024 15:45Stock market today: Transindia Real Estate optimises portfolio with divestments, shares gain
Transindia Real Estate Limited’s shares were up by 6.66 per cent after the company entered into an agreement to sell its logistics park located in Jhajjar, Haryana, at an enterprise value of approximately ₹636.71 crore.

The shares advanced 6.44 per cent to close at ₹65.35 on the NSE.

February 29, 2024 15:44Stock market today: United Breweries unveils London Pilsner beer in Karnataka, shares up
United Breweries Limited’s shares were up by 1.62 per cent after the company’s subsidiary, the Heineken Company, announced the introduction of ‘London Pilsner Strong Beer’ in Karnataka. 

The product is priced at ₹120 per 650 ml bottle and will be accessible at outlets across Karnataka. The shares advanced 2.34 per cent to close at ₹1,700 on the NSE.

February 29, 2024 15:42Share market today: Craftsman Automation to begin the commercial operations of its Sriperumbudur plant
Craftsman Automation will commence the commercial operations of its new plant at Sriperumbudur w.e.f. March 1, 2024. 

Stock closed at ₹4,235 on the NSE, down by 0.43%.

February 29, 2024 15:41Stock market live today: Tata Elxsi stock closed at ₹7,915 on the NSE, higher by 4.23%
February 29, 2024 15:30Stock market live today: Sagar Cements Ltd, promoter of Andhra Cements Ltd, sells 5% stake in paid-up equity share capital of the company via offer for sale
February 29, 2024 15:28Stock market live updates: Here are major gainers of Nifty realty stock
Major gainers of Nifty realty stocks:

Swan Energy (3.38%), Godrej Properties (2.01%), Oberoi Realty (1.19%)

February 29, 2024 15:27Stock market live today: Major gainers and losers on the NSE at 3 pm
Major gainers:

Adani Enterprises (1.59%), M&M (1.54%), Tata Consumers (1.51%), Britannia (1.48%), IndusInd (1.46%)

Major losers:

Apollo Hospitals (-4.23%), Bajaj Auto (-3.30%), LTIMindtree (-2.29%), Eicher Motors (-1.82%), UP
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