Stock Market Updates: Sensex, Nifty At Day’s High; IT, Oil & Gas Lead

The Indian stock market edged higher intraday on February 6 trading at day’s high. At 12:20 PM, Sensex jumped 386 points at 72,118.40 while Nifty added 127 points at 21,898.85.

Around 1561 stocks advanced and 931 declined while 97 stocks remained unchanged.

Among the sectors, IT, Oil & Gas, and auto indices added 1-2 percent each followed by the pharma index.

Information & Technology Gainers:

• Wipro: up 3.4%
• Tata Consultancy Services: up 3.34%
• HCL Technologies: 2.8%

Oil & Gas Gainers:

• Petronet LNG: 6.31%
• BPCL: 3.06%
• Castrol India: 3.03%

Most Active Shares on NSE in Terms of Volumes

Top Nifty50 Gainers

Top Nifty50 Losers

Stocks in the news:

Bharti Airtel: up 3.23% after 54% growth in consolidated net profit

The company recorded a consolidated net profit of Rs 2,442.2 crore for the October-December quarter. It reflects a 54 percent growth from the same quarter a year ago. According to a BSE filing, Bharti Airtel posted quarterly revenues of Rs 37,900 crore, up 5.9% YoY. Currency devaluations in Africa partially impacted it. The India business posted quarterly revenues of Rs 27,811 crore, up 11.4% YoY. This was backed by strong and consistent performance across the portfolio.

Also read: What is NAV in Mutual Funds?

YES Bank: up 10.31% after HDFC Bank Gets RBI Nod for Stake Buy

Yes Bank gained a day after HDFC Bank Group received the Reserve Bank approval to pick up stakes in it and five more lenders. HDFC Bank said in a regulatory filing that the Reserve Bank of India has allowed the group to acquire up to 9.5 percent stakes in IndusInd Bank, Yes Bank, Axis Bank, ICICI Bank, Suryoday Small Finance Bank and Bandhan Bank. The approval for acquiring the stakes is for one year and is intended for investments by HDFC Asset Management Company (AMC), HDFC Ergo, and HDFC Life Insurance, said the filing.

BLS E-Services: up 129% to IPO Price

BLS E-Services shares made a bumper debut on February 6, listing at a 128.9 percent premium over the IPO price. The NSE opening price was Rs 305, while the BSE opening price was Rs 309, both significantly higher than the issue price of Rs 135. The initial public offering, valued at Rs 311 crore, garnered a subscription of 162.47 times between January 30 and February 1, marking the highest subscription among IPOs launched in the current year.

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