by Sandip Das on 16 February 2024, 4 min read
The Indian stock market ended the session on February 15, 2024 on a positive note amid volatility. At close, Sensex was up 227 points at 72,050.38 while Nifty added 70 points and ended the session at 21,910.75.
Around 1635 stocks advanced and 900 declined while 99 stocks remained unchanged.
On the sectoral front, except FMCG, all other indices ended in the green. The BSE Midcap and Smallcap indices were up 1 percent each.
Trends on GIFT Nifty indicate a cautious start for Indian indices.
US stocks closed higher on Thursday as retail sales data declined more than expected, feeding hopes the Federal Reserve will soon start cutting interest rates in coming months, according to a Reuters report.
The S&P 500 tab gained 29.05 points, or 0.58 percent, to end at 5,029.67 points, while the Nasdaq Composite gained 47.03 points, or 0.30 percent, to 15,906.17. The Dow Jones Industrial Average rose 350.07 points, or 0.91 percent, to 38,774.73.
Japan’s benchmark Nikkei got off to a roaring start on Friday, opening the morning session at its highest since Japan’s economic bubble burst in the late 1980s. The Nikkei share average was last up 1.6% at 38,769.64, surpassing the post-economic bubble-era high of 38188.74. So far it’s up 14.0% for the year. The broader Topix was up 1.1% at 2620.53.
Foreign institutional investors (FIIs) net sold shares worth Rs 3,064.15 crore, while domestic institutional investors (DIIs) bought Rs 2,276.93 crore worth of stocks on February 15.
The NSE has added Canara Bank to the F&O ban list for February 16.
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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