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


by Sandip Das on 6 February 2024,  5 min read

Stock Market Updates: Sensex, Nifty At Day's High; IT, Oil & Gas Lead - MyDhanush Blogs by Ashika

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
Company Name % Change Volume
ONGC 2.76 2,08,54,851
Tata Steel 0.18 1,82,49,822
Power Grid -3.5 1,71,75,855
ITC -1.32 1,15,70,550
BPCL 3.28 1,12,05,735
Top Nifty50 Gainers
Company Name Last Traded Price (Rs) % Change
HDFC Life Insurance 586.8 4.16
Wipro 500.1 3.68
Tata Consultancy Services 4110.45 3.45
BPCL 593.6 3.28
Bharti Airtel 1148.5 3.14
Top Nifty50 Losers
Company Name Last Traded Price (Rs) % Change
Power Grid 273 -3.50
Britannia Industries 5051.75 -1.42
ITC 432.25 -1.32
IndusInd Bank 1517.6 -1.31
Bajaj Finserv 1594.45 -1.27
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.

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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