Sensex, Nifty end flat after record highs; M&M, RIL drag

The 30-share BSE benchmark Sensex surged 33 points or 0.05% to settle at 74,119. The broader NSE Nifty gained 19 points or 0.09% to end at 22,493. Tata Steel, Tata Motors, JSW Steel, and Bajaj Finserv were the top gainers. Bajaj Finance, Asian Paints, ITC, Nestle India, and TCs also closed higher. Axis Bank and ICICI Bank closed lower.

Navdeep Singh
  • Updated On Mar 7, 2024 at 04:08 PM IST

After hitting new record highs, Indian equity indices closed flat in a volatile market on Thursday, weighed down by Mahindra & Mahindra, Reliance Industries and private banking stocks. However, the blue-chips extended their rally to record highs for a second session in a row.

The 30-share BSE benchmark Sensex surged 33 points or 0.05% to settle at 74,119. The broader NSE Nifty gained 19 points or 0.09% to end at 22,493.

Tata Steel, Tata Motors, JSW Steel, and Bajaj Finserv were the top Sensex gainers, risieng 2-4%. Bajaj Finance, Asian Paints, ITC, Nestle India and TCs also closed higher, while M&M, Reliance Industries, Axis Bank, and ICICI Bank closed lower.

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M&M shares fell 3.7% amid news of a 0.8% equity block deal in which the promoters are likely to have sold a partial stake. The conglomerate’s promoter group entity Prudential Management and Services (PMSL) was looking to sell a stake in the company.

Suzlon Energy shares closed in a 5% upper circuit after the company bagged a 72.5 MW wind power project from Juniper Green Energy.

  • Published On Mar 7, 2024 at 04:06 PM IST
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