Stock market today: Sensex climbs 116 points to 71,188, Nifty rises to 21,630
Business | February 13, 2024 10:28 ISTThe Sensex increased by 116.42 points, while the Nifty was 14.80 points higher.
The Sensex increased by 116.42 points, while the Nifty was 14.80 points higher.
SBI may sell shares worth Rs 5,000-7,000 crore through a block deal, with no taxes applicable to the sale, as per media reports.
The RBI announced its decision to keep the repo rate unchanged for the sixth consecutive time at 6.50 per cent.
The Sensex rose by 321.42 points while the Nifty increased by 80.55 points.
The company posted a consolidated profit after tax of Rs 229.94 crore, an increase of 54.6 per cent from the year-ago period.
The Sensex rose by 317.43 points, or 0.44 per cent, while the Nifty rose by 113.30 points, or 0.50 per cent.
Market experts maintain an optimistic outlook on the IPO market for 2024 on the back of strong domestic and foreign investments.
The stock plummeted by over 42 per cent over the past three days, resulting in a loss of Rs 20,471.25 crore in market valuation.
The BSE benchmark fell by 354.21 points in the previous trading session, and the Nifty declined by 82.10 points.
The BSE Sensex rose 846.64 points to 72,491.94, while the Nifty surged 256.55 points to 21,954.
The domestic market expressed marginal disappointment due to lower-than-expected infra spending in the interim budget. However, the government's commitment to fiscal prudence, aiming for a fiscal deficit of 5.1% for FY25BE, is anticipated to enhance economic ratings.
Mahindra & Mahindra, Maruti, Power Grid, NTPC, IndusInd Bank, and Sun Pharma were the biggest gainers among the Sensex firms.
The NSE Nifty closed 0.95 per cent higher at 21,725.70, while the BSE Sensex closed 0.86 per cent higher at 71,752.11.
The Sensex initially declined by 243.07 points to 70,896.83, while the Nifty fell 73.25 points to 21,448.85.
The IPO has a price range of Rs 129-135 per share and consists of a fresh issue of up to 2,30,30,000 equity shares, amounting to Rs 311 crore.
The stock fell by 10.56 per cent during the day to Rs 205.70 and ended the trading session at Rs 207.70 apiece, down 9.69 per cent.
The Nifty fell 207.05 points, or 0.95 per cent lower, while the Sensex was down by 760.07 points, or 1.06 per cent.
Reliance Industries shares extended gains and rose 5.30 per cent to Rs 2,850.
The offering is priced in the range of Rs 129-Rs 135 per share and is expected to be worth Rs 311 crore.
The Indian stock market experienced a downturn as both Sensex and Nifty faced selling pressure in IT stocks and witnessed continuous foreign fund outflows. The benchmark BSE Sensex concluded at 70,700.67, marking a 0.51% decline with a substantial earlier drop of 741.27 points to 70,319.04.
Top News
Latest News
