by Sandip Das on 15 February 2024, 5 min read
The Indian stock market ended the session on February 14, 2024, on a positive note amid high volatility. 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.
GIFT Nifty indicates a positive start for Indian indices.
Wall Street ended sharply higher on Wednesday as ride-hailing platforms Lyft and Uber rallied, while Nvidia displaced Alphabet as the US stock market’s third most valuable company. The S&P 500 climbed 0.96% to end the session at 5,000.62 points. The Nasdaq gained 1.30% to 15,859.15 points. Dow Jones Industrial Average rose 0.40% to 38,424.27 points, according to a Reuters report.
Asia-Pacific markets rebounded after mostly falling on Wednesday after hotter-than-expected US inflation data stoked concerns the Federal Reserve might keep interest rates higher for longer.
Japan’s Nikkei 225 opened 0.84% higher, briefly surpassing the 38,000 mark despite the missing GDP expectations. The broad-based Topix climbed 0.55%. In Australia, the S&P/ASX 200 started the day up 0.9%, snapping a three-day losing streak. South Korea’s Kospi rose 0.67%, CNBC reported.
EPACK Durable, R Systems International, and Ballarpur Industries will release their quarterly earnings scorecard on February 15.
Foreign institutional investors (FIIs) net sold shares worth Rs 3,929.60 crore. Domestic institutional investors (DIIs) purchased Rs 2,897.98 crore worth of stocks on February 14.
The NSE has added Hindustan Copper to the F&O ban list for February 15.
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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