Global Sell-off

Stock market highlights on February 14, 2024: Indian benchmarks Sensex and Nifty defied global market selloff, which came as US reported a hotter-than-expected rise in January retail inflation

The BSE Midcap and Smallcap indices ended with heavy losses of over 2 per cent each. Debutant Rainbow Children's Medicare ended a steep discount of 17 per cent to its issue price.

Record-high inflation levels, dented prospects of corporate profitability and likelihood of contraction in economic growth continue to batter equities.

Closing Bell: Benchmark indices clocked their biggest one-day fall since March 2020 as Russia invaded Ukraine, rattling global markets

The 30-share Sensex index declined 300 points, or 0.4 per cent, and closed at 55,329 levels on Friday while the Nifty50 index slipped ended at 16,451 levels, down 118 points or 0.7 per cent

A rise in commodity prices has fanned inflation risks, pushing bond yields higher. That apart, the US launched airstrikes in Syria on Thursday, which further dented global mood

Decline in silver over 3%, gold holds fort with a marginal loss

Domestic investors poured 1.48 trillion rupees ($23 billion) into stock funds in the first 10 months of the financial year

Chairman Warren Buffett 's wealth dropped $3.5 billion and Facebook Inc.'s Mark Zuckerberg lost $3.4 billion