Stock Market Closes in Red Even After Nifty Hits New High; Zee Tanks


by Sandip Das on 21 February 2024,  5 min read


The Indian stock market slipped in the red even after Nifty hit new highs on February 21, 2024. At close, Sensex declined 434 points at 72,623.09 while Nifty shed 141 points and ended the session at 22,055.05.

On the sectoral front, all other indices are trading in the red except for realty and PSU Bank. Both BSE Midcap and Smallcap indices fell 1 percent each.

Around 885 stocks advanced and 1673 declined while 77 stocks remained unchanged.

Top Nifty50 Gainers
Company Name Last Traded Price (Rs) % Change
Tata Steel 144 2.09
State Bank of India 772.05 1.57
IndusInd Bank 1515 0.72
JSW Steel 826.25 0.61
Sun Pharma 1545 0.41
Top Nifty50 Losers
Company Name Last Traded Price (Rs) % Change
BPCL 633.1 -3.73
NTPC 335.9 -2.83
Coal India 434 -2.80
Power Grid 279.9 -2.78
Wipro 521 -2.06
Most Active Stocks on NSE in Terms of Volumes
Company Name % Change Volumes
Tata Steel 2.09 8,80,00,833
Power Grid -2.78 2,46,51,085
HDFC Bank -1.26 2,29,46,568
State Bank of India 1.57 2,14,65,311
ITC -0.82 1,94,14,653
Asian Markets Slip

Asia-Pacific markets traded mixed following Wall Street losses Wednesday, while investors assessed Japan’s trade data and souring business sentiment among large manufacturers, according to a CNBC report.

Also read: Juniper Hotels IPO: Check Out Price Band, Issue Size & More

Hong Kong’s Hang Seng index jumped as much as 3 percent before paring gains to 1.86 percent in its final hour of trade. The Nikkei 225 lost 0.26 percent to close at 38,262.16. South Korea’s Kospi shed 0.17 percent to end at 2,653.31, while Australia’s S&P/ASX 200 dipped 0.66 percent to close at 7,608.4.

European Markets Trade Mixed

Major European markets were trading on a mixed note on February 21, 2024. FTSE shed 0.8 percent at 7,656.37 while CAC added 0.3 percent at 7,818.51. German DAX was up 0.42 percent at 17,140.52.

Stock That Moved the Most
Zee Entertainment: down 14%

The share price of Zee Entertainment tumbled over 14 percent after markets regulator Sebi summoned several former directors of Zee Entertainment Enterprises Ltd as part of its probe into the entertainment company over the diversion of company funds, allegedly through related-party transactions, according to media reports.

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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