Stock market today: Sensex, Nifty trade flat; Tata Motors climbs 6 per cent, Paytm plunges
Business | February 05, 2024 10:15 ISTThe BSE Sensex fell 24.99 points to 0.03 per cent while the Nifty showed no change and stood at 21,853.80.
The BSE Sensex fell 24.99 points to 0.03 per cent while the Nifty showed no change and stood at 21,853.80.
The surge in the Sensex and Nifty can be attributed to robust global cues and positive budgetary announcements.
The BSE Sensex rose 846.64 points to 72,491.94, while the Nifty surged 256.55 points to 21,954.
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.
Nova AgriTech raised about Rs 143.81 crore through its primary route, including a fresh share sale of Rs 112 crore and an offer-for-sale of up to 77.58 lakh equity shares.
Republic Day 2024: On Tuesday, the stock markets witnessed a bloodbath, with the Sensex falling over 1,000 points due to a host of reasons, including high valuations, foreign portfolio investors lately pulling out funds from India, and a mild profit booking.
The indices recovered from the market decline on Tuesday, where the BSE index had fallen over 1000 points.
In the early trade, the 30-share BSE Sensex fell 316.75 points to 70,053.80 in early trade. Meanwhile, the Nifty declined 51.15 points to 21,187.65.
Union Finance Minister Nirmala Sitharaman will be presenting her sixth budget on February 1, 2024.
Sun Pharma, Bharti Airtel, and Power Grid were the major gainers on the Sensex, while HDFC Bank, Asian Paints, and HUL were among the laggards.
India's stock market value surpassed the USD 4 trillion mark for the first time on December 5, 2023, with significant growth observed in the past four years.
Ayodhya has secured an investment of Rs 49,000 crore at the 2023 Global Investor Summit held in Uttar Pradesh, signalling a new era of economic prosperity for the region.
Foreign portfolio investors made a net investment of Rs 13,047 crore in equities from January 1 to January 19, according to data from the depositories.
January 22 will be a trading holiday after the Maharashtra government declared a holiday for the consecration of the Ram Temple in Ayodhya. The stock markets will also remain closed on Friday for Republic Day.
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