Stock Market Today: Positive Global Cues Propel Sensex and Nifty to End Higher
Stock Market Today, 16 February 2024: Indian stock market indexes ended with modest gains on Friday. The domestic markets opened higher following positive global cues and traded higher throughout the session. Sensex and nifty ended higher for the fourth consecutive day.
The market Sentiments remained optimistic, as the statutory body, Employees` State Insurance Corporation (ESIC) in its latest provisional payroll data has shown that 18.86 lakh new employees have been added in December 2023. Around 23,347 new establishments have been registered and brought under the social security umbrella of the Employees’ State Insurance Scheme in December 2023, thus ensuring coverage to more workers.
Stock Market Today
The Nifty 50 index closed higher by 129.95 points or 0.59 percent and closed at 22040.70 levels while the Sensex was up by 376.25 points or 0.52 percent and finished at 72426.64 levels. The Bank Nifty index ended higher by 165.95 points or 0.36 percent on the spot level and closed at 46384.85 levels.
The broader markets also closed higher in line with their larger peers today, as the Nifty midcap index was up by 310.05 points or 0.64 percent and closed at 49131.95 levels. The Nifty smallcap index ended higher by 88.80 points or 0.55 percent at 16194 levels.
Nifty 50 Top Gainers & Losers
The top gainers in the Nifty 50 index were Wipro, M&M, SBI Life, Adani Port, and LT, and the top losers were Power Grid, ONGC, SBI, Britannia, and Reliance.
The top gainers in the Nifty midcap index were IPCA Labs, Prestige, and Devyani International and the top losers were Gujarat Gas, Poonawala, and ABFRL.
The smallcap top gainers were Natco Pharma, Data Patterns, and Glenmark, while the top losers were SVJN, NSLNISP, and KEC International.
The most active stocks in the Nifty index in terms of value were HDFC Bank, SBI, and BPCL. The most active stocks in terms of volume were ITC, BPCL, and SBI.
On the sectoral front, barring Energy, and PSU Bank all other sectors closed in the green with Auto Pharma, and Realty gaining the most.
Global Stock Market Today
The other Asian stock market indexes mostly closed higher on Friday. Hang Seng gained the most, up 2.42%, while China’s Shanghai index was closed due to a holiday. Japan’s Nikkei 225 was up by 0.86%, hitting an intraday high of 38,863.69 levels, almost 100 points away from its all-time high.
Australia’s S&P ASX 200 index closed higher by 0.69%, while South Korea’s Kospi index jumped 1.27%. Elsewhere, Taiwan and SET Composite closed lower, while Strait Times and Jakarta closed in the green on Friday.
European stock market indexes are trading higher on Friday, as the UK’s retail sales data came in stronger than expected. The sentiments remained upbeat following gains in Asian and the US markets overnight.
If you like the post “Stock Market Today: Positive Global Cues Propel Sensex and Nifty to End Higher” please share it with others.
Also, read Options Trading Books: Your Ultimate 2023 Guide to Winning Big
Essential Tools for Your Stock Market Trading Room- Upgrade Now
Happy Investing!!
Editorial desk