Indian Markets Rise for 4th Day: Auto, IT Shares Lead
By Rediff Money Desk, MUMBAI Feb 16, 2024 16:05
Indian stock markets continued their upward trend for the fourth consecutive day, driven by gains in auto and IT stocks. Nifty closed above 22,000, with L&T, Infosys, and M&M leading the gains.
Mumbai, Feb 16 (PTI) Equity benchmark indices marched higher for the fourth straight session on Friday, with Nifty closing above the 22,000 level, tracking gains in index majors L&T, Infosys and M&M, amid a firm trend in the global markets.
The 30-share BSE Sensex surged 376.26 points or 0.52 per cent to close at 72,426.64. The index touched a high of 72,545.33 and a low of 72,218.10 during intraday trade.
The broader NSE Nifty also climbed 129.95 points or 0.59 per cent to end at points 22,040.70.
Wipro was the biggest gainer in the Sensex chart, rising 4.79 per cent, followed by M&M, L&T, Tata Motors, Maruti, Infosys, Nestle India and IndusInd Bank.
Shares of M&M shot up 3.96 per cent to finish at Rs 1,835.55 apiece after it announced its supply agreement with German automotive major Volkswagen Group for electric vehicle components under their joint vision for electric mobility collaboration.
In contrast, PowerGrid, SBI, Reliance, NTPC and Axis Bank were among the laggards.
In Asia, Japan's Nikkei, Hong Kong's Hang Seng and South Korea's Kospi settled with significant gains.
China's financial markets are closed for the Lunar New Year holidays.
The US market closed higher in the overnight trade on Thursday.
Global oil benchmark Brent crude slipped 0.83 per cent to USD 82.17 a barrel.
In the previous session, the 30-share index climbed 227.55 points or 0.32 per cent to close at 72,050.38 points, while NSE Nifty gained 70.70 points or 0.32 per cent to end at 21,910.75.
Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Thursday as they sold shares worth Rs 3,064.15 crore, according to exchange data.
The 30-share BSE Sensex surged 376.26 points or 0.52 per cent to close at 72,426.64. The index touched a high of 72,545.33 and a low of 72,218.10 during intraday trade.
The broader NSE Nifty also climbed 129.95 points or 0.59 per cent to end at points 22,040.70.
Wipro was the biggest gainer in the Sensex chart, rising 4.79 per cent, followed by M&M, L&T, Tata Motors, Maruti, Infosys, Nestle India and IndusInd Bank.
Shares of M&M shot up 3.96 per cent to finish at Rs 1,835.55 apiece after it announced its supply agreement with German automotive major Volkswagen Group for electric vehicle components under their joint vision for electric mobility collaboration.
In contrast, PowerGrid, SBI, Reliance, NTPC and Axis Bank were among the laggards.
In Asia, Japan's Nikkei, Hong Kong's Hang Seng and South Korea's Kospi settled with significant gains.
China's financial markets are closed for the Lunar New Year holidays.
The US market closed higher in the overnight trade on Thursday.
Global oil benchmark Brent crude slipped 0.83 per cent to USD 82.17 a barrel.
In the previous session, the 30-share index climbed 227.55 points or 0.32 per cent to close at 72,050.38 points, while NSE Nifty gained 70.70 points or 0.32 per cent to end at 21,910.75.
Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Thursday as they sold shares worth Rs 3,064.15 crore, according to exchange data.
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- AvanceTechnologies
- 0.94 ( -4.08)
- 36935326
- Vodafone Idea L
- 7.88 ( -2.11)
- 35484083
- Srestha Finvest
- 0.68 (+ 3.03)
- 30298217
- ARC Finance
- 2.78 (+ 2.96)
- 16033600
- Suzlon Energy Ltd.
- 62.50 ( -6.49)
- 13725252
MORE NEWS
Air India Express Expands Network, Adds...
Air India Express plans to increase its fleet to 110 aircraft by March 2025 and expand...
UP Govt & World Bank Discuss Rs 3,903cr Agri...
Uttar Pradesh govt holds talks with World Bank for a Rs 3,903 crore project to boost...
Ashok Leyland: Record Exports Expected This...
Ashok Leyland is set to achieve record exports this fiscal year, fueled by expansion in...