by Sandip Das on 22 February 2024, 4 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.
The S&P 500 and Dow Jones industrials eked out small gains on Wednesday, while the Nasdaq closed lower for a third straight session as investors awaited the release of Nvidia’s earnings that could determine near-term momentum for equities.
The S&P 500 climbed 0.13% to end the session at 4,981.80 points. The Nasdaq declined 0.32% to 15,580.87 points, while the Dow Jones Industrial Average rose 0.13% to 38,612.24 points, according to a Reuters report.
Japan’s Nikkei hit record highs on Thursday with investors shrugging off dismal business activity data from the country. Other Asia-Pacific markets traded in the green. The Nikkei 225 hit 38,924.88, surpassing the previous record high of 38,915.87 reached in 1989, according to a CNBC report.
Foreign institutional investors (FIIs) net bought shares worth Rs 284.66 crore. Domestic institutional investors (DIIs) sold Rs 411.57 crore worth of stocks on February 21, provisional data from the NSE showed.
The NSE has added Ashok Leyland, Piramal Enterprises, and PVR INOX to the F&O ban list for February 22.
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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