by Sandip Das on 26 February 2024, 5 min read
The Indian stock market ended on a flat note on February 23, 2024 amid volatility. At close, Sensex shed 15 points at 73,142.80 while Nifty slipped 4 points and ended the session at 22,212.70.
Around 1367 stocks advanced and 1181 declined while 113 stocks remained unchanged.
Among the sectors, the media and realty index added a percent each followed by the pharma index which gained 0.5 percent in the stock market. PSU Bank, oil & gas, and metal space witnessed selling on the other hand.
GIFT Nifty indicates a negative start for Indian indices.
The S&P 500 and Dow Jones Industrial Average eked out another closing record high on Friday, with all three Wall Street benchmarks scoring weekly gains, as artificial intelligence stocks had enough steam to keep the rally chugging along.
The S&P 500 gained 1.77 points, or 0.03 percent, to end at 5,088.8 points. The Nasdaq Composite, lost 44.80 points, or 0.28 percent, to 15,996.82. The Dow Jones Industrial Average rose 62.42 points, or 0.16 percent, to 39,131.53, according to a Reuters report.
Asian shares were taking a breather near seven-month highs on Monday as investors awaited inflation data from the United States, Japan, and Europe that will help refine expectations for future rate moves, according to a Reuters report.
MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed, having climbed 1.7% last week to seven-month highs. Japan’s Nikkei rose 0.5%, having climbed 1.6% last week to clear its previous record high as bulls look to test the 40,000 barrier.
Foreign institutional investors (FIIs) net bought shares worth Rs 1,276.09 crore in the stock market. Domestic institutional investors (DIIs) purchased Rs 176.68 crore worth of stocks on February 23.
The NSE has added Canara Bank to the F&O ban list for February 26.
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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