Asian markets firmed on Monday as the Nikkei reached another new high and investors braced for a week packed with central bank events and major data that will refine market wagers for when interest rates will start falling.
Japan's Nikkei climbed 0.8% to break 40,000 for the first time, having risen for five weeks straight.
The Nasdaq Composite rose to an all-time high Friday, surpassing its 2021 record, as investors bet that megacap technology stocks were the best way to play slowing inflation and a coming artificial intelligence boom.
Here's a table showing how US stocks performed on Friday:
Stock/Index | LTP | Change ($) | Change (%) | Day High | Day Low | 52-Week High | 52-Week Low |
---|---|---|---|---|---|---|---|
Alphabet | 138.08 | -1.7 | -1.22% | 140 | 137.98 | 155.2 | 89.77 |
Apple | 179.66 | -1.09 | -0.60% | 180.53 | 177.38 | 199.62 | 143.9 |
Meta | 502.3 | 12.17 | 2.48% | 504.25 | 491.85 | 504.25 | 171.43 |
Tesla | 202.64 | 0.76 | 0.38% | 204.52 | 198.5 | 299.29 | 152.37 |
Netflix | 619.34 | 16.42 | 2.72% | 620.28 | 599.5 | 620.28 | 285.33 |
Amazon | 178.22 | 1.46 | 0.83% | 178.73 | 176.07 | 178.73 | 88.12 |
Microsoft | 415.5 | 1.86 | 0.45% | 415.87 | 410.88 | 420.82 | 245.61 |
Dow Jones | 39087.38 | 90.99 | 0.23% | 39120.36 | 38850.5 | 39282.28 | 31429.82 |
Nasdaq | 18302.91 | 259.06 | 1.44% | 18333.26 | 18064.44 | 18333.26 | 11695.41 |
At present, the BSE Sensex is trading flat and NSE Nifty is trading 15 points higher.
NTPC, ONGC and Bajaj Auto are among the top gainers today.
JSW Steel, Tata Steel and Titan on the other hand are among the top losers today.
For a comprehensive overview of key players in the financial sector, check out list of Fin Nifty Companies.
For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.
Broader markets are trading on positive note. The BSE Midcap index is trading flat and the BSE Small Cap index is trading 0.4% lower.
Sectoral indices are trading positive, with socks in oil & gas sector and power sector witnessing buying. Meanwhile stocks in metal sector and FMCG sector witnessed selling pressure.
The rupee is trading at Rs 82.88 against the US dollar.
In commodity markets, gold prices are trading flat at Rs 63,490 per 10 grams today.
Meanwhile, silver prices are trading 0.3% lower at Rs 72,082 per 1 kg.
Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...
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State-owned power producer SJVN Ltd on Sunday said its arm SJVN Green Energy has bagged a 200 MW solar project in an e-Reverse Auction conducted by Gujarat Urja Vikas Nigam.
This project is to be developed by SJVN Green Energy on a build-own-and-operate basis at the tentative development cost of Rs 11 bn.
According to the statement, SJVN bagged the 200 MW capacity in the tariff-based competitive bidding for the development of solar projects in the 1,125 MW Gujarat State Electricity Corporation Limited (GSECL) Solar Park at Khavda, Gujarat.
SJVN through its wholly-owned subsidiary SJVN Green Energy Limited (SGEL) has secured a 200 MW Solar Project at a tariff of Rs 2.7 per unit in an e-Reverse Auction conducted by Gujarat Urja Vikas Nigam Limited (GUVNL).
As per Request for Selection (RfS), the project will be commissioned in 18 months from the date of signing of the power purchase agreement, which would be signed between GUVNL and SGEL for 25 years.
The commissioning of this project is expected to reduce 5,74,868 tonnes of carbon emissions.
SJVN, a leading Power CPSE, is on rapid progression to achieve its shared vision of 25,000 MW by 2030 and 50,000 MW by 2040.
This shared vision has been formulated in sync with the commitment of the government to generate 50 per cent of power from non-fossil fuel-based energy resources by 2030.
SJVN is strategically important to the Indian government for improving the share of power from renewable sources, especially hydropower.
For more details, check out Why SJVN Share Price is Falling.
State-owned power giant NTPC on Friday said the group's total installed capacity crossed the 75 GW mark with the completion of trial operations of the second unit of a 660 MW thermal power project in Jharkhand.
With this, the total installed capacity of NTPC on a standalone and group basis has become 59,298 MW (or 59 GW) and 75,418 MW (75 GW), respectively.
NTPC, under the Ministry of Power, is India's largest power generation company.
Godrej Properties will be in focus on Monday, 4 March, as the company has entered into definitive agreements to develop a township project on a 62-acre land parcel in North Bengaluru.
The township development will be under a profit-sharing model, offering ~ 5.6 million square feet of saleable area with an estimated booking value of Rs 50 bn.
Last week, Godrej Properties won the bid for a 6.5-acre group housing plot in Noida for a total bid value of Rs 5.1 bn.
The real estate firm is expected to develop the group housing plot measuring more than 26,000 sq mt located in Noida's Sector-44. The land parcel was put up for sale by the Noida Authority through an e-auction in December 2023.
Prior to that, Godrej Properties had acquired about 12.5 acres in Rajendra Nagar, Hyderabad, as part of its efforts to expand its portfolio in key markets across India.
The company said the land is in a prime area with potential for development of around 4 million sq ft of saleable area, generating revenue of Rs 35 bn.
To know what's moving the Indian stock markets today, check out the most recent share market updates here.
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