Stock Market Updates: Sensex Falls 500 pts Dragged by FMCG, PSU Bank, Metals


by Sandip Das on 12 February 2024,  5 min read

Stock Market Updates: Sensex Falls 500 pts Dragged by FMCG, PSU Bank, Metals - MyDhanush Blogs by Ashika

The Indian stock market closed in the red on February 12, 2024, amid profit booking. At close, Sensex declined 523 points at 71,072.49 while Nifty fell 166 points and ended the session at 21,616.05.

Around 524 stocks advanced and 2089 declined while 88 stocks remained unchanged.

On the sectoral front, FMCG, PSU Bank, capital goods, metal, oil & gas, power, and realty were down 1-4 percent each. Healthcare and IT indices ended in the green.

Top Nifty50 Gainers
Company Name Last Traded Price (Rs) % Change
Dr Reddy’s Labs 6321 2.68
Apollo Hospitals 6604.7 2.60
Divis Labs 3735.5 2.28
Wipro 501.15 2.18
HCL Tech 1659.4 1.77
Top Nifty50 Losers
Company Name Last Traded Price (Rs) % Change
Coal India 434.3 -4.80
Hero MotoCorp 4699.05 -4.27
BPCL 590.4 -3.89
ONGC 257.75 -3.66
Tata Steel 137.5 -2.69
Asian Markets

Asia markets were mixed on Monday to start a holiday-shortened week for most markets, while China remains shut for the week. Many major stock markets in Asia-Pacific were closed Monday including Hong Kong, Taiwan, and South Korea. In Australia, the S&P/ASX 200 closed 0.4% lower at 7,614.90. The New Zealand dollar dipped 0.28% to $0.6128, cooling from a roughly 1.4% jump last week, according to a CNBC report.

Also read: What is Sovereign Gold Bond Scheme 2023-24 Series IV?
European Markets

European shares climbed on Monday, buoyed by the momentum on Wall Street that propelled the S&P 500 to close above 5,000 for the first time. Investors assessed earnings and economic data for insights into the European Central Bank’s rate outlook, according to a Reuters report.

FTSE shed 0.14 percent at 7,561 while CAC added 0.48 percent at 7,684. German DAX gained 0.46 percent at 17,004.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.

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