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March 4: Will the stock market rise for the fourth consecutive day
Business

March 4: Will the stock market rise for the fourth consecutive day, watch these stocks

Read Time:2 Minute, 15 Second

Most of Asia’s markets are witnessing a decline.

The Indian stock market had closed in the green mark on March 3 last day. The Sensex and Nifty benchmark indices saw an increase of around 2.25%. For the third consecutive day, the BSE Sensex rose to 51,000 while the NSE Nifty index reached 15,200.

The market is booming due to the investment of foreign investors (FII). In the last 2 days, FII has put more than 4,000 crores in the market. Market will be watching the news related to bond yield.

What is happening in foreign markets?

Most of Asia’s markets are witnessing a decline. There are weaknesses in South Korea, Japan, Hong Kong, Taiwan and China markets. The market is in green mark with a slight bounce in Thailand.

The S&P 500 index dropped 1.31% in the US on the last trading day. The Dow Jones Industrial Average (DJIA) index saw a decline of 0.39%.

The SGX Nifty of Singapore is trading at 15,084.00 after a fall of 1.38% at 7:20 am, giving an early signal to the Indian market.

The impact of these factors on the market is also-

On March 3, Acacia Banayan Partners sold more than 2.9 million shares of Zee Media at a rate of 6.80 in a bulk deal. In another deal, Arunkumar Prajapati bought about 64,000 shares of Ozone World for 76.99.

Foreign institutional investors (FIIs) bought 2088 crore shares in the market on 3 March. In contrast, domestic institutional investors (DIIs) sold stocks worth about 392 crore.

According to Moneycontrol, there are 15,069.87 and 14,894.13 support levels for the Nifty on March 4, which may break the index after going down. Similarly, 15,347.27 and 15,448.93 are resistance levels, so the Nifty can get a further jump by reaching the top.

These stocks will be monitored

IRCON International: The government will use the Greenshu option to sell 6% additional shares through the Offer for Sale. First 10% or 4.7 crore shares were held under OFS.

DLF: The company has decided not to issue debentures worth 395 crore now.

Adani Ports: The company will buy 31.5% stake in Gangavaram Port Limited from Windy Lakeside Investment Limited for about 1954 crores.

IRCTC: The Golden Chariot will take a trip from 14 March.

HDFC: HDFC reduced its retail prime lending rate by 0.05% on housing loans.

Board / Analyst / Investors Meeting-

In the coming days, Cummins India, Hindustan Copper, Eicher Motors, Maruti Suzuki, Welspun Specialty, etc. are important in the list of companies that hold investors, unlists or board meetings.

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Divya Sharma

Editor in Chief with Newsinheadlines, Author, Cover Story around Business and Entrepreneurship.

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