Stock Market Updates: Sensex, Nifty Trade Flat; Aviation Stocks Slide, Zomato Gains
by Sandip Das on 9 February 2024, 4 min read
The Indian stock market was trading on a flat note intraday on February 9, 2024, following mixed Asian cues. At 12:38 PM, Sensex added 52 points at 71,481.19. Nifty added 33 points and was trading at the 21,751.25 mark.
Around 583 stocks advanced and 1823 declined while 69 stocks remained unchanged.
Among the sectors, Bank Nifty added 0.8 percent followed by FMCG which gained 0.5 percent, and pharma 0.72 percent. On the other hand, selling pressure was witnessed in oil & gas, realty, metals, and auto indices. The sectors shed 0.5-2 percent each.
Top Nifty50 Gainers
| Company Name | Last Traded Price (Rs) | % Change |
| Grasim Industries | 2155 | 4.75 |
| Sun Pharma | 1529.8 | 2.60 |
| Apollo Hospitals | 6389.75 | 2.55 |
| State Bank of India | 715.25 | 2.24 |
| ICICI Bank | 1008.45 | 1.94 |
Top Nifty50 Losers
| Company Name | Last Traded Price (Rs) | % Change |
| ONGC | 266.45 | -2.45 |
| Mahindra & Mahindra | 1647.55 | -2.27 |
| Coal India | 449.45 | -2.12 |
| Hindalco Industries | 588.7 | -2.10 |
| Bharti Airtel | 1119.4 | -1.99 |
Stocks in news
Aviation stocks slide up to 2.5%
Aviation shares, such as those of Interglobe Aviation and SpiceJet, experienced a 0.5-2.5 percent decline each following a suggestion from a parliamentary panel to implement route-specific limits on airfare. The panel additionally recommended the establishment of a distinct regulatory entity to oversee and manage air ticket prices, addressing rising customer apprehensions regarding escalating airfares.
Also Read: Entero Healthcare Solutions IPO: Check Out Price Band, Issue Size & More
Zomato: Up 2.74%
On February 9, the intraday trading saw Zomato’s stock price rise by more than 2 percent, following the company’s announcement of its Q3 earnings. Zomato disclosed a net profit of Rs 138 crore for the period from October to December, marking the third consecutive quarter of the food aggregator reporting positive earnings. The company’s revenue also witnessed a substantial increase, surging by 69 percent year-on-year to reach Rs 3,288 crore.
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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