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Here's What Happened In The Stock Market On March 2

Sensex, Nifty close at four-month low; Adani stocks extend gains.

Sensex, Nifty Decline

The BSE Sensex closed 502 points down, or 0.84%, at 58,909.35, while the NSE Nifty 50 ended 129 points lower, or 0.74%, at 17,321.90.

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The Gainers

Adani Enterprises, Adani Ports and SEZ, Coal India, BPCL and Hero MotoCorp were the top gainers in the gauge.

Disclaimer: Adani Enterprises is in the process of acquiring a 49% stake in Quintillion Business Media Ltd., the owner of BQ Prime.

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The Laggards

Maruti Suzuki India, Axis Bank, TCS, Mahindra and Mahindra, and SBI Life Insurance were the top losers among the Nifty constituents.

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Market Wrap

The market breadth was tilted in the favour of bears. About 1,580 stocks rose, 1,878 declined and 142 remained unchanged on the BSE.

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