Long term return stock market Indian Stock Market Nifty 50

Stock Market Daily Updates

by

Stock Markets Experience Early Rally Followed by Late Sell-Off

The stock markets kicked off the trading session with a positive momentum, witnessing an upward trend until 11 AM. However, as the day progressed, heavy selling pressure emerged, dampening the earlier gains. Despite the late sell-off, the markets managed to close higher compared to the previous day’s trading on February 1, 2024.

Sector Performance: Oil & Gas and PSU Banks Lead, Private Banks Lag

Among the sectors, oil & gas stocks along with PSU bank stocks emerged as the top performers, experiencing significant gains. Conversely, private bank stocks faced notable declines, contributing to the downward pressure in the market.

Global Market Overview

Most Asian markets, except China and Hong Kong, concluded the day on a positive note, echoing the bullish sentiment witnessed in the Indian stock market. Similarly, many European and American markets also closed higher, reflecting a broader global trend of optimism.

Top Gainers in NIFTY 50

  1. BPCL: Rs 558.35, up by 9.81%
  2. Power Grid: Rs 277.10, up by 4.25%
  3. ONGC: Rs 257.25, up by 3.88%
  4. Adani Ports: Rs 1,261.45, up by 3.50%
  5. NTPC: Rs 332.50, up by 3.26%

Top Losers in NIFTY 50

  1. Eicher Motors: Rs 3,825.55, down by 2.74%
  2. Axis Bank: Rs 1,067.05, down by 1.59%
  3. HDFC Life: Rs 578.80, down by 1.41%
  4. HDFC Bank: Rs 1,446.15, down by 1.38%
  5. HUL: Rs 2,452.60, down by 0.85%

Market Developments

  • The Indian government aims to conclude the strategic sale of IDBI Bank within the next financial year, as stated by the DIPAM Secretary.
  • India’s UPI has expanded its reach to France, announced by NPCI.
  • The government plans to retail rice under its Bharat brand on major e-commerce platforms, such as Amazon, Flipkart, and ONDC, at a price of Rs 29 per kilogram.
  • Apple recorded its highest quarterly revenue in India, with smartphone shipments exceeding 1 crore units.
  • Volkswagen Group intends to introduce an entry-level electric vehicle in the Indian market by 2025.
  • UPI transactions surged to a new high in January 2024, reaching Rs 18.41 lakh crore.

Stocks in Focus

  • Bandhan Bank appointed Santosh Nair as the new head of consumer lending and mortgages.
  • Torrent Pharma declared an interim dividend of Rs 22 per share.
  • MGL plans to acquire a 100% stake in Unison Enviro.
  • SpiceJet secured rights to operate Haj flights from 7 cities, including Srinagar, Gaya, and Guwahati.
  • Arvind SmartSpaces signed agreements for development projects spanning 340 acres in Surat and Ahmedabad.

One-Day Changes in Key Indices and Commodities

  • Gold: Rs 63,050, up by 0.60%
  • Silver: Rs 72,348, up by 1.55%
  • USD-INR: Rs 82.84 per USD, down by 0.17%
  • Dow Jones: 38,519.84, up by 0.97%
  • Nasdaq: 15,361.64, up by 1.30%

Long-Term Returns

Over the past 20 years:

  • Sensex: Annualized return of 13.61%
  • Nifty: Annualized return of 13.39%
  • Dow Jones: Annualized return of 6.72%
  • Nasdaq: Annualized return of 10.55%

These figures provide a glimpse into the long-term performance trends of key indices in both the Indian and American stock markets.

Read More Stock Market Daily Updates

1,570 thoughts on “Stock Market Daily Updates”

  1. Hello, i think that i saw you visited my web site so i came to “go back the want”.I am trying to to find things to improve my website!I suppose its good enough to make use of some of your concepts!!

    Reply

  3. What Is ProDentim? ProDentim is a teeth health supplement developed to repopulate the mouth with good bacteria and improve overall dental health.

    Reply

  4. Hello, Neat post. There’s a problem with your web site in internet explorer, could check this… IE still is the market chief and a large part of people will pass over your magnificent writing because of this problem.

    Reply

  5. of course like your web-site but you need to test the spelling on quite a few of your posts. Many of them are rife with spelling problems and I find it very bothersome to inform the truth then again I will certainly come again again.

    Reply

  7. Fantastic blog! Do you have any helpful hints for aspiring writers? I’m planning to start my own site soon but I’m a little lost on everything. Would you recommend starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m completely overwhelmed .. Any tips? Thank you!

    Reply

  9. Thanks for another informative site. The place else may I get that kind of information written in such a perfect means? I’ve a project that I am just now working on, and I’ve been at the look out for such info.

    Reply

  10. Thank you for the good writeup. It in truth was once a leisure account it. Glance advanced to far added agreeable from you! By the way, how can we keep up a correspondence?

    Reply

  12. Very interesting details you have observed, regards for posting. “There is nothing in a caterpillar that tells you it’s going to be a butterfly.” by Richard Buckminster Fuller.

    Reply

  20. What Is Neotonics? Neotonics is a skin and gut supplement made of 500 million units of probiotics and 9 potent natural ingredients to support optimal gut function and provide healthy skin.

    Reply

  21. I’ve learn a few just right stuff here. Certainly worth bookmarking for revisiting. I surprise how much effort you put to create one of these wonderful informative website.

    Reply

  23. I was very pleased to find this net-site.I wanted to thanks for your time for this excellent read!! I definitely enjoying every little little bit of it and I’ve you bookmarked to take a look at new stuff you blog post.

    Reply

  25. I really like your blog.. very nice colors & theme. Did you create this website yourself or did you hire someone to do it for you? Plz reply as I’m looking to create my own blog and would like to know where u got this from. kudos

    Reply

  27. Hi! I know this is kinda off topic but I was wondering if you knew where I could locate a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having trouble finding one? Thanks a lot!

    Reply

  29. I was wondering if you ever considered changing the structure of your site? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having one or 2 images. Maybe you could space it out better?

    Reply

  43. Dentavim is a revolutionary dietary supplement designed to promote oral health by addressing two major concerns: teeth’ cleanliness and gums’ health. Unlike typical oral hygiene products that focus solely on surface treatment, Dentavim dives deeper into the issues often caused by environmental factors, especially particulate matter, which can lead to persistent bad breath and stubborn stains. This product contains a proprietary blend of six potent nutrients derived from natural sources to enhance dental hygiene and overall well-being.

    Reply

  63. Fitspresso is a brand-new natural weight loss aid designed to work on the root cause of excess and unexplained weight gain. The supplement uses an advanced blend of vitamins, minerals, and antioxidants to support healthy weight loss by targeting the fat cells’ circadian rhythm

    Reply

  74. sugar defender is a potent and effective way to support healthy blood sugar levels throughout the day. As your body adjusts to the ingredients, you’ll notice reduced hunger, increased energy, and improved blood sugar readings.

    Reply

  100. Unlock the potential of your pineal gland with the potent Pineal XT Dietary supplements serve as a gateway to expanding one’s range of expression, and Pineal gland support supplements, in particular, can elevate mental and spiritual capabilities. Pineal XT vitamins offer a pathway to endless joy, prosperity, health, and love. These supplements are designed to bolster the pineal gland’s function, enhance overall body performance, and boost energy levels. It stands as a premier alternative for reducing the impact of fluoride, pollutants, and the natural aging process.

    Reply

  1379. Every expert was once a beginner. Keep pushing forward, and one day, you’ll look back and see how far you’ve come. Progress is always happening, even when it doesn’t feel like it.

    Reply

  1485. The essence of existence is like smoke, always shifting, always changing, yet somehow always present. It moves with the wind of thought, expanding and contracting, never quite settling but never truly disappearing. Perhaps to exist is simply to flow, to let oneself be carried by the great current of being without resistance.

    Reply

  1486. The essence of existence is like smoke, always shifting, always changing, yet somehow always present. It moves with the wind of thought, expanding and contracting, never quite settling but never truly disappearing. Perhaps to exist is simply to flow, to let oneself be carried by the great current of being without resistance.

    Reply

  1487. Even the gods, if they exist, must laugh from time to time. Perhaps what we call tragedy is merely comedy from a higher perspective, a joke we are too caught up in to understand. Maybe the wisest among us are not the ones who take life the most seriously, but those who can laugh at its absurdity and find joy even in the darkest moments.

    Reply

  1488. Even the gods, if they exist, must laugh from time to time. Perhaps what we call tragedy is merely comedy from a higher perspective, a joke we are too caught up in to understand. Maybe the wisest among us are not the ones who take life the most seriously, but those who can laugh at its absurdity and find joy even in the darkest moments.

    Reply

  1489. Virtue, they say, lies in the middle, but who among us can truly say where the middle is? Is it a fixed point, or does it shift with time, perception, and context? Perhaps the middle is not a place but a way of moving, a constant balancing act between excess and deficiency. Maybe to be virtuous is not to reach the middle but to dance around it with grace.

    Reply

  1490. Time is often called the soul of motion, the great measure of change, but what if it is merely an illusion? What if we are not moving forward but simply circling the same points, like the smoke from a burning fire, curling back onto itself, repeating patterns we fail to recognize? Maybe the past and future are just two sides of the same moment, and all we ever have is now.

    Reply

  1491. All knowledge, it is said, comes from experience, but does that not mean that the more we experience, the wiser we become? If wisdom is the understanding of life, then should we not chase every experience we can, taste every flavor, walk every path, and embrace every feeling? Perhaps the greatest tragedy is to live cautiously, never fully opening oneself to the richness of being.

    Reply

  1492. The potential within all things is a mystery that fascinates me endlessly. A tiny seed already contains within it the entire blueprint of a towering tree, waiting for the right moment to emerge. Does the seed know what it will become? Do we? Or are we all simply waiting for the right conditions to awaken into what we have always been destined to be?

    Reply

  1493. The potential within all things is a mystery that fascinates me endlessly. A tiny seed already contains within it the entire blueprint of a towering tree, waiting for the right moment to emerge. Does the seed know what it will become? Do we? Or are we all simply waiting for the right conditions to awaken into what we have always been destined to be?

    Reply

  1494. All knowledge, it is said, comes from experience, but does that not mean that the more we experience, the wiser we become? If wisdom is the understanding of life, then should we not chase every experience we can, taste every flavor, walk every path, and embrace every feeling? Perhaps the greatest tragedy is to live cautiously, never fully opening oneself to the richness of being.

    Reply

  1506. The essence of existence is like smoke, always shifting, always changing, yet somehow always present. It moves with the wind of thought, expanding and contracting, never quite settling but never truly disappearing. Perhaps to exist is simply to flow, to let oneself be carried by the great current of being without resistance.

    Reply

  1510. The cosmos is said to be an ordered place, ruled by laws and principles, yet within that order exists chaos, unpredictability, and the unexpected. Perhaps true balance is not about eliminating chaos but embracing it, learning to see the beauty in disorder, the harmony within the unpredictable. Maybe to truly understand the universe, we must stop trying to control it and simply become one with its rhythm.

    Reply

Leave a comment