Top Gainers and Losers today on 1 March, 2024: Tata Steel, JSW Steel, Dr Reddys Laboratories, HCL Technologies among most active stocks
Top Gainers and Losers Today : The Sensex gained 1245.05 points, or 1.72, to settle at 72500.3, while the Nifty gained 355.95 points, or 1.62, to close at 21982.8.
The Nifty closed at 21982.8, up by 1.62% today. Throughout the day, the Nifty reached a high of 22353.3 and a low of 22047.75. On the other hand, the Sensex traded between 73819.21 and 72591.14, closing 1.72% higher at 72500.3, which was 1245.05 points above the opening price.
The Nifty Midcap 50 closed 1.11% higher, underperforming the Nifty 50. Similarly, the Nifty Small Cap 100 ended at 15976.2, up by 82.75 points and 0.52% higher than before.
The Nifty 50 has shown the following returns:
– In the last 1 week: 0.53%
– In the last 1 month: 2.92%
– In the last 3 months: 10.18%
– In the last 6 months: 14.9%
– In the last 1 year: 27.96%
In the Nifty index, the top gainers were Tata Steel (up 6.46%), JSW Steel (up 4.51%), Larsen & Toubro (up 4.48%), Titan Company (up 3.90%), and Indusind Bank (up 3.51%). On the other hand, the top losers were Dr Reddys Laboratories (down 3.59%), HCL Technologies (down 1.19%), Sun Pharmaceutical Industries (down 1.19%), Infosys (down 1.15%), and Britannia Industries (down 0.76%).
The Bank Nifty ended at 46120.9, with an intraday high of 47342.25 and a low of 46218.0. The Bank Nifty’s performance in different time periods is as follows:
– In the last 1 week: 1.07%
– In the last 1 month: 2.44%
– In the last 3 months: 5.58%
– In the last 6 months: 6.48%
– In the last 1 year: 16.25%
Moving on to the list of top gainers and losers during the trading session on March 1, 2024:
– Sensex:
– Top gainers: Tata Steel (up 6.46%), Larsen & Toubro (up 4.39%), Titan Company (up 3.73%), Indusind Bank (up 3.44%), ICICI Bank (up 3.18%)
– Top losers: HCL Technologies (down 1.36%), Infosys (down 1.19%), Sun Pharmaceutical Industries (down 1.11%), Tech Mahindra (down 0.36%)
– Nifty:
– Top gainers: Tata Steel (up 6.46%), JSW Steel (up 4.51%), Larsen & Toubro (up 4.48%), Titan Company (up 3.90%), Indusind Bank (up 3.51%)
– Top losers: Dr Reddys Laboratories (down 3.59%), HCL Technologies (down 1.19%), Sun Pharmaceutical Industries (down 1.19%), Infosys (down 1.15%), Britannia Industries (down 0.76%)
– Nifty MidCap 50:
– Top gainers: Steel Authority Of India, Indus Towers, Vodafone Idea, REC, Page Industries
– Top losers: Zee Entertainment Enterprises, Voltas, Biocon, Abbott India, Coforge
– Nifty Small Cap 100:
– Top gainers: Data Patterns India, Metropolis Healthcare, IIFL Finance, PNB Housing Finance, Elgi Equipments
– Top losers: Global Health, Amber Enterprises India, KRBL, Suzlon Energy, Jyothy Labs
– BSE:
– Top gainers: Steel Authority Of India (up 9.77%), Suven Pharmaceuticals (up 9.38%), Jamna Auto Industries (up 8.47%), Oil India (up 7.80%), Metropolis Healthcare (up 6.97%)
– Top losers: Max Healthcare Institute (down 7.38%), Global Health (down 4.82%), Aptus Value Housing Finance India (down 4.80%), TV18 Broadcast (down 4.70%), PB Fintech (down 4.43%)
– NSE:
– Top gainers: Steel Authority Of India (up 9.74%), Suven Pharmaceuticals (up 9.01%), Jamna Auto Industries (up 8.59%), Oil India (up 7.79%), Data Patterns India (up 7.19%)
– Top losers: Max Healthcare Institute (down 7.13%), Aptus Value Housing Finance India (down 5.11%), Global Health (down 4.81%), TV18 Broadcast (down 4.37%), PB Fintech (down 4.08%)
For more details on the top gainers and losers on BSE and NSE, you can visit the following links:
– BSE top gainers: [link](https://www.livemint.com/market/bse-top-gainers)
– BSE top losers: [link](https://www.livemint.com/market/bse-top-losers)
– NSE top gainers: [link](https://www.livemint.com/market/nse-top-gainers)
– NSE top losers: [link](https://www.livemint.com/market/nse-top-losers)
Tata Steel stock hits Rs 150 mark for first time:
Tata Steel shares rose over 6% to hit a record high in the afternoon session on Friday. Tata Steel stock zoomed 6.45% to Rs 150 on BSE. Tata Steel stock opened higher at Rs 142.05. Market cap of the firm rose to Rs 1.86 lakh crore. Total 83.21 lakh shares changed hands amounting to a high turnover of Rs 122.58 crore on BSE. The stock was the top gainer on Sensex today.
Avdhut Bagkar, Derivatives & Technical Analyst at StoxBox believes that the stock is likely to hit Rs 185 level.
“The prevailing bias in the shares of Tata Steel suggests a bullish stance as long as the 50-SMA support of Rs 135 is defended. The breakout over the recent peak of Rs 147.40 could lead to visit of Rs 175-185 levels. Until that happens, one can accumulate the stock in the range of Rs 140 -135 zone,” said Bagkar.
Riyank Arora, Technical Analyst at Mehta Equities is bullish on the stock. He expects the stock rising towards Rs 153 and Rs 160, gradually pushing the stock towards a target price of Rs 200-225.
“The stock is trading near its crucial resistance mark of Rs 147.50 on daily charts. The overall trend is positive as the stock continues to trade above its important moving averages, slowly approaching the resistance mark. A major support lies at Rs 134, below which the stock would lose its strength. Any up move above Rs 147 should further push the rally towards Rs 153 and Rs 160, gradually pushing the stock towards a target price of Rs 200-225. The overall outlook remains bullish with a strict stop loss placed at Rs 134 on a daily closing basis,” said Arora.
Aditya Gaggar, Director of Progressive Shares said, “Consolidation of over 2 years in Tata Steel comes to an end with a Rounding Bottom formation breakout which was confirmed with a long-term trendline breakout in the leading oscillator RSI. A reading of 29.84 in ADX suggests the presence of a strong trend. As per the pattern breakout, the target is Rs 193.”
Abhijeet from Tips2trades said, “Tata Steel stock price looks bullish on the daily charts with strong support at Rs 140.9. A daily close above resistance of Rs 152 could lead to target of Rs 169 in the near term.”
Tata Steel stock has a one-year beta of 0.6, signaling low volatility during the period. In terms of technicals, the relative strength index (RSI) of Tata Steel stood at 51.1, signaling it’s trading neither in the overbought nor in the oversold zone.
Tata Steel shares are trading higher than the 5 day, 10 day, 20 day, 30 day, 50 day, 100 day, 150 day and 200 day moving averages.
Tata Steel shares have rallied 104% in three years and risen 194% in five years.
Disclaimer: Business Today provides stock market news for informational purposes only and that should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
With Thanks Reference to: https://www.livemint.com/market/stock-market-news/top-gainers-and-losers-today-on-1-march-2024-tata-steel-jsw-steel-dr-reddys-laboratories-hcl-technologies-among-most-active-stocks-check-full-list-here-11709289200071.html and https://www.businesstoday.in/markets/company-stock/story/tata-steel-shares-hit-record-high-top-sensex-gainer-price-target-outlook-419677-2024-03-01
