Stock Market Updates: Sensex, Nifty Rise; Jio Financial Hits Rs 2 Lakh Cr Marketcap; Vodafone up 12%


by Sandip Das on 23 February 2024,  5 min read


The Indian stock market was trading in the green but off the day’s high. At 12:32 PM, Sensex gained 107 points at 73,265.80 while Nifty added 36 points at 22,253.85.

Around 1468 stocks advanced and 963 declined while 97 stocks remained unchanged.

Among the sectors, buying was seen in the media space which added 1 percent. It was followed by Pharma, Auto, and Realty which added half a percent each. On the other hand, selling was seen in the oil & gas and PSU Bank index.

Top Nifty50 Gainers
Company Name Last Traded Price (Rs) % Change
Cipla 1476.65 1.61
Mahindra & Mahindra 1936.15 1.35
HDFC Life Insurance 582.35 1.34
Dr Reddy’s Labs 6448 1.32
Titan Company 3699.1 1.29
Top Nifty50 Losers
Company Name Last Traded Price (Rs) % Change
Asian Paints 2980.65 -1.22
Bharti Airtel 1123.7 -1.04
NTPC 336.5 -0.90
BPCL 620.65 -0.84
JSW Steel 822.8 -0.71
Most Active Stocks on NSE in Terms of Volumes
Company Name % Change Volumes
Tata Steel 0.41 1,78,77,438
State Bank of India -0.45 83,88,564
HDFC Bank 0.55 82,52,997
ICICI Bank 0.48 66,57,538
Power Grid -0.05 63,19,148
Stocks on the Move
Jio Financial Services: up 10.91%

Jio Financial Services Ltd’s market capitalization surpassed Rs 2 lakh crore for the first time. This was propelled by a 35 percent increase in its share price this year. In the December quarter earnings, Jio Financial announced a net profit of Rs 293 crore and a net interest income of Rs 269 crore. The company recorded a total interest income of Rs 414 crore and total revenue of Rs 413 crore.

Also read: Sadhav Shipping IPO: Top Things to Know as IPO Opens for Subscription
Vodafone Idea: up 12.27%

In the last 2 days, the share price of Vodafone Idea has surged over 18 percent. This surge is a response to an announcement from the telecom operator that its board of directors will convene on February 27 to evaluate all proposals for raising funds. The options under consideration include conducting a rights issue, making a further public offer, engaging in a private placement of shares (including preferential allotment), qualified institution placement, or utilizing any other permissible mode.

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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