Sensex ends 228 pts higher, Nifty above 21900; M&M soars 7%, ZEEL dips 6%
Stock market highlights on February 15, 2024: Energy and oil & gas sector largecaps NTPC, Power Grid, BPCL and ONGC were among the top frontline gainers, closing 3-5 per cent up
 "BSE, NSE, Sensex, Nifty, stock markets")
BSE, NSE, Sensex, Nifty, stock markets
Stock market highlights: Equity markets closed Thursday's volatile trade in the positive territory albeit off the day's high. The BSE Sensex ended 228 points higher at 72,050 and the NSE Nifty gained 71 points to close at 21,911.
M&M gained most among largecaps, ending with a gain of nearly 7 per cent after scaling a new high on firm Q3 results. Its net profit rose 61 per cent YoY to Rs 2,454 crore.
M&M gained most among largecaps, ending with a gain of nearly 7 per cent after scaling a new high on firm Q3 results. Its net profit rose 61 per cent YoY to Rs 2,454 crore.
Energy and oil & gas sector largecaps NTPC, Power Grid, BPCL and ONGC were the next top frontline gainers, closing 3-5 per cent up. SBI and HDFC Bank gained over 2 per cent each, aiding the Sensex gains.
ITC, Nestle, HUL and Britannia were the top drags along with Axis Bank, Reliance, Apollo Hospitals and Sun Pharma, ending 0.7-2 per cent lower.
The BSE MidCap and SmallCap indices, meanwhile, closed with relatively higher gains of nearly 1 per cent each.
Nifty PSU Bank index led sectoral gains, closing 3 per cent higher. Nifty FMCG and Pharma were the notable underperformers.
Among stocks, MRPL was among the top BSE gainers, ending frozen at the 20 per cent upper circuit. ZEE Entertainment fell 6 per cent after Business Standard reported that Reliance Industries is in talks to buy Disney's 30 per cent stake in Tata Play.
Nifty PSU Bank index led sectoral gains, closing 3 per cent higher. Nifty FMCG and Pharma were the notable underperformers.
Among stocks, MRPL was among the top BSE gainers, ending frozen at the 20 per cent upper circuit. ZEE Entertainment fell 6 per cent after Business Standard reported that Reliance Industries is in talks to buy Disney's 30 per cent stake in Tata Play.
3:55 PM
VIEW:: Nifty likely to move towards 22,200
"Nifty exhibited volatility throughout the day but eventually closed above the resistance level of 21,850. According to the daily chart, Nifty has experienced a consolidation breakout, indicating a positive shift in sentiment. Additionally, the index has closed above the 20DMA for the third consecutive session, and the RSI shows a bullish crossover. In the short term, there is a possibility of the index moving towards 22,200. On the downside, support is situated at 21,750."
- Rupak De, Senior Technical Analyst at LKP Securities
3:54 PM
VIEW:: Bank Nifty may face some resistance around 46,600 - 46,800
"The Bank Nifty bulls maintained their strong dominance as the index closed above the 46,000 mark. The immediate resistance for the index is situated at the 46,600-46,800 zone, and a successful breach above this level could pave the way for further upside towards the 48,000 mark. The lower-end support has shifted to the 45,800 mark, serving as a crucial cushion for the bulls in the current scenario."
- Kunal Shah, Senior Technical Analyst at LKP Securities
3:51 PM
Market breadth was positive; 311 stocks hit new 52-week highs, while 30 dropped to 52-week lows
3:49 PM
Sectoral ALERT:: Nifty PSU Bank index rallies another 3%
3:48 PM
BSE Smallcap Heatmap:: MRPL soars 20%; KIOCL, Tips, 3i Infotech jump over 12%
3:46 PM
BSE Midcap Heatmap:: Oil India zooms 12%; Rajesh Exports, Zee tumble over 6%
3:44 PM
Broader Market Check:: MidCap, SmallCap indices outrun Nifty50; India Vix down 1%
3:42 PM
Nifty50 Movers & Shakers:: M&M, Power Grid shine; Axis Bank whines
3:39 PM
Sensex 30 Heatmap:: 16 Gainers v/s 14 Losers
3:35 PM
CLOSING BELL:: NSE Nifty50 settled with a gain of 71 pts at 21,911
3:34 PM
CLOSING BELL:: S&P BSE Sensex ends 228 pts higher at 72,050
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Topics : Stock Market Sensex MARKET LIVE stock market trading Dalal Street F&O series Derivative trading Q3 results Markets Sensex Nifty Midcap smallcap stocks
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First Published: Feb 15 2024 | 7:44 AM IST
