Sensex, Nifty Erase Day’s Loses, Closes in The Green; PSU Bank, Oil & Gas Rally

The Indian stock market ended the session on February 14, 2024, on a positive note amid high volatility, erasing the day’s losses. At close, Sensex was up 267 points at 71,822.83 while Nifty gained 108.30 points at 21,851.55.

Around 1637 stocks advanced and 890 declined while 113 stocks remained unchanged.

On the sectoral front, PSU Bank and Oil & Gas indices rose 3 percent each, while auto, bank, FMCG, capital goods, metal, power, and realty were up 1.2 percent each. On the other hand, Information Technology and Pharma indices shed 1 percent each.

Top Nifty50 Gainers

Top Nifty50 Losers

Asian markets end up mixed

Major Asian markets ended on a mixed note with Nikkei down 0.69 percent at 37,703.32 while Kospi shed 1.12 percent at 2,620.42. On the other hand, Hang Seng gained 0.84 percent at 15,879.38.

Also read: What is Sovereign Gold Bond Scheme 2023-24 Series IV?

European markets edge higher

European shares edged higher on Wednesday as a softer-than-expected UK inflation boosted hopes of imminent interest-rate cuts by the Bank of England, while investors awaited more economic data from the euro zone later in the day.

The pan-European STOXX 600 was up 0.1%, while the UK’s benchmark index gained 0.3% after British consumer price inflation grew at a slower pace than expected in January, according to a Reuters report.

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