by Sandip Das on 23 February 2024, 5 min read
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. Nifty gained 162 points, hitting a new high and closing the session at 22,217.45, as per data available on BSE and NSE.
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.
Trends on GIFT Nifty indicate a cautious start for Indian indices.
Computing infrastructure company Nvidia Corp shares had a strong gap up opening and hit a fresh record high on February 22 after its quarterly earnings came in better than analysts’ expectations, lifting the mood at Nasdaq 100 and S&P 500 indices, according to a Reuters report.
The rally in Nvidia aided the strong rally in the Nasdaq 100, which jumped 2.5 percent or 388 points to 15,968. At the same time, the Dow Jones Industrial Average was up 0.71 percent or 274 points at 38,887. S&P 500 rose 85 points or 1.7 percent to 5,067.
Asia-Pacific markets inched higher Friday, with investors awaiting data on China’s property prices to assess any signs of improvement in the debt-laden real estate sector. Japan stocks were closed for trading on Friday for the Emperor’s Birthday holiday. Japan markets led gains in the previous session, with the Nikkei 225 closing at a new all-time high of 39,098.68. It surpassed the previous record of 38,915.87 set in 1989. South Korea’s Kospi gained 0.4%, according to a CNBC.com report.
Foreign institutional investors (FIIs) net sold shares worth Rs 1,410.05 crore. Domestic institutional investors (DIIs) bought Rs 1,823.68 crore worth of stocks on February 22, as per data from NSE showed.
The NSE has added Aditya Birla Fashion & Retail, and SAIL to the F&O ban list for February 23.
Disclaimer: The content of this blog post is intended solely for informational purposes and should not be interpreted as investment or trading advice. The author does not assure the accuracy or completeness of the information presented. Any decisions or actions taken based on the content of this blog post are undertaken at your own risk.
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