Sensex Continues Uptrend,Up Over 200 Points, Nifty Above 21,900; PSU Bank, Oil & Gas Stocks Lead

Ira Singh
Khabar Khabaron Ki,15 Feb’24

The domestic market equity indices ended higher for the third consecutive session on Thursday, led by a rebound in information technology stocks after a drop in the previous session and supported by a sustained rally in state-owned banks. At close, the Sensex was up 227.55 points or 0.32 percent at 72,050.38, and the Nifty was up 70.70 points or 0.32 percent at 21,910.75. About 2172 shares advanced, 1200 shares declined, and 72 shares unchanged.

Stocks and Sectors
M&M, BPCL, ONGC, NTPC and Power Grid Corporation were the top gainers on the Nifty, while losers included Axis Bank, Apollo Hospitals, ITC, HUL and Nestle India.

On the sectoral front, except FMCG, all other indices ended in the green. BSE Midcap and Smallcap indices up 1 percent each.

On 15 Feb’24,the Indian rupee appreciated 3 paise to 82.99 against the U.S. dollar in early trade on Thursday, amid a positive trend in domestic equities.Forex traders said rupee is trading in a narrow range as strong American currency and elevated crude oil prices weighed on the local unit and restricted the uptick in the domestic unit.

Experts Take:
Market experts have recommended nine stocks to buy for Thursday-Axis Bank, IRFC, MRPL, HDFC Life, SJVN, HUDCO, Century Text, Sasken Technologies, and SAIL.