Share Market Highlights: Sensex ends 749 points higher, Nifty at 14,761; ONGC, PowerGrid, Titan top gainers
Stock Market Updates Today: Sectorally, all the indices were rising, with 1.8% rise in media, financial services, PSU Bank and private banking indices.
BusinessToday.In | March 1, 2021 | Updated 18:46 IST
Share Market News: Here s a look at the updates of the market action on BSE and NSE today
Sensex, Nifty Updates on March 1: Domestic equity benchmarks Sensex and Nifty registered significant gains on Monday and ended near day s high, tracking positive cues from positive global equities. Reversing from major sell-off during last week, Sensex ended 749 points higher at 49,849 and Nifty gained by 232 points to 14,761. The market also reacted to encouraging Q3 GDP data announced after market hours on Friday. Meanwhile, Markit Manufacturing PMI for February will be declared today, 1 March 2021. Last Friday, Sensex ended 1,939 points lower at 49,099 and Nifty fell by 586 points
Auto stocks will be in focus today as sales data for the month of February will be released.
Reliance Strategic Business Ventures (RSBVL), a wholly owned subsidiary of Reliance Industries (RIL), announced that it has acquired additional equity stake in its investee company skyTran Inc. (skyTran) for a consideration of $26.76 million increasing its shareholding to 54.46% on a fully diluted basis.
Bharti Airtel informed that its wholly owned subsidiary Airtel Digital has agreed to subscribe to 5,000 equity shares (10%) in Ferbine Private Limited on February 25, 2021.
The board of Indian Oil Corporation (IOCL) at its meeting held on 26 February 2021 approved an investment of Rs 32,946 crore to expand the capacity of Panipat Refinery. This capital infusion is expected to increase the capacity of refinery to 25 MMTPA from 15 MMTPA.