by Sandip Das on 19 February 2024, 4 min read
The Indian benchmark indices ended on a positive note on February 16, 2024, rising for the fourth consecutive session. At close, Sensex gained 376 points at 72,426.64 while Nifty added 129 points and ended the session at 22,040.70.
Around 1549 stocks advanced and 1005 declined while 103 stocks remained unchanged in the stock market.
Among sectors, except PSU Bank, oil & gas, and power, all other indices are trading in the green. Auto, capital goods, pharma, IT, and realty were up 1-2 percent.
GIFT Nifty indicates a cautious start for Indian indices.
US stocks fell on Friday with the Nasdaq showing the largest decline. This comes after a hotter-than-expected producer prices report eroded hopes for imminent interest rate cuts by the Federal Reserve. The S&P 500 lost 24.18 points, or 0.49%, to end at 5,005.15 points. The Nasdaq Composite lost 132.38 points, or 0.83%, to 15,775.65. The Dow Jones Industrial Average fell 149.48 points, or 0.39%, to 38,623.64, Reuters reported.
Asian stock markets got off to a slow start on Monday as fading chances for early rate cuts globally soured the mood. However, investors are hoping China markets return from holiday with a spring in their step. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.2%, after bouncing 2% last week. Japan’s Nikkei was flat, having surged more than 4% last week to stop just short of its all-time high, according to a Reuters report.
Foreign institutional investors (FIIs) net bought shares worth Rs 253.28 crore in the stock market. Domestic institutional investors (DIIs) purchased Rs 1,571 crore worth of stocks on February 16, provisional data from the NSE showed.
The NSE has added National Aluminium Company to the F&O ban list for February 19
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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