Stock Market

GIFT Nifty indicates a strong start; US markets gain


February 12, 2024 / 07:36 AM IST

Market on Friday:

Equity benchmarks the Sensex and the Nifty ended February 9 with marginal gains in a choppy day of trade as investors waited for further triggers. Banks saw buying in dips, while metals and realty came under selling pressure.

The Sensex closed 167.06 points, or 0.23 percent, up at 71,595.49, while the Nifty closed 64.55 points, or 0.3 percent, higher at 21,782.50. About 1,329 shares advanced, 2,509 declined and 94 were unchanged.

Broader markets closed lower, underperforming the benchmarks. Nifty Midcap 100 declined 0.89 percent and Nifty smallcap 100 1.40 percent.

Sectoral matrix was mixed. Nifty Bank, after a day of heavy selling, found buyers again. The index rose 1.38 percent. This was followed by about a percent gain in Nifty Healthcare and half a percent gain in Nifty Pharma.

Nifty Metal was the biggest sectoral loser, down 1.54 percent. Nifty Realty, Nifty IT and Nifty Media were others that ended the day with cuts, as s=respective constituent stocks saw selling during the day.

Grasim Industries was the biggest gainer among Nifty 50 stocks, rising 5.92 percent. SBI, Apollo Hospitals, Sun Pharma and ICICI Bank were other top gainers rising 2-4 percent.

Mahindra & Mahindra was the top loser in the pack, down 2.46 percent. Bharti Airtel, NTPC, ONGC and Tata Steel were other top losers slipping more than a percent each.



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