Nifty Hits New High Amid Volatility; Auto, IT, Metals Shine

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by Sandip Das on 22 February 2024,  5 min read

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The Indian stock market ended in the green recovering intraday losses on February 22, 2024. At close, Sensex jumped 535 points at 73,158.24 while Nifty jumped 162 points, hitting a new high and closing the session at 22,217.45.

Around 1412 stocks advanced and 1116 stocks declined while 115 stocks remained unchanged.

On the sectoral front, Auto, Capital Goods, Metal, Power, Information Technologies and Telecom were up 1 percent each. However, the banking index ended marginally lower, down 0.21 percent.

Top Nifty50 Gainers
Company Name Last Traded Price (Rs) % Change
Coal India 448 3.48
Bajaj Auto 8515 3.43
Eicher Motors 3953 3.04
ITC 415 2.89
HCL Tech 1683 2.85
Top Nifty50 Losers
Company Name Last Traded Price (Rs) % Change
IndusInd Bank 1492 -1.66
HDFC Bank 1422 -1.19
BPCL 626 -1.14
Kotak Mahindra Bank 1729 -0.98
Hindustan Unilever 2389 -0.75
Asian Markets End Higher

Major Asian indices ended higher on February 22, 2024. Japan’s Nikkei jumped over 2 percent at 39,098.68 while Hang Seng was up 1.43 percent at 16,742.95. Kospi was up 0.41 percent at the 2,664.27 mark.

Also read: Cabinet Approves 100% FDI in Space Sector; Shares Rally
European Markets Trade Positive

European markets were trading in the green with FTSE up 0.04 percent at 7,665.33 while CAC gained 0.69 percent at 7,866.33. German DAX jumped 1.11 percent at 17,307.32.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.

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