Stock market recovered from initial fall, Sensex strengthened by 174 points, Nifty rose by 43 points.

Mumbai17 February. The domestic stock market managed to recover after the initial fall on Tuesday and both the benchmark indices closed in the green for the second consecutive day due to buying in shares of banks, IT and capital goods companies. BSE Sensex gained 174 points while NSE Nifty gained 43 points.

Sensex 83,450.96 closed on points

BSE Sensex, the 30-share sensitive index of Bombay Stock Exchange (BSE), closed at 83,450.96 points, rising 173.81 points or 0.21 percent. During trading, the index hit the day’s high of 83,598 points while the low touched 82,987.43 points. Among Sensex related companies, shares of 17 were in profit while 13 were in decline.

nifty 0.17 percentage increase 25,725.40 closed on points

On the other hand, Nifty, the standard index based on 50 shares of National Stock Exchange (NSE), closed at 25,725.40 points, increasing by 42.65 points or 0.17 percent. Among the companies associated with Nifty, shares of 27 remained strong and 23 were weak. The broader market also showed strength. BSE Smallcap Select Index gained 0.49 percent and Midcap Select Index gained 0.26 percent.

ITC stocks rose the most by 2.31 percent

Among the companies included in the Sensex group, ITC’s stock rose the most by 2.31 percent. Bharat Electronics Ltd, Larsen & Toubro, Infosys, Asian Paints, Titan, Adani Ports, HCL Technologies, Sun Pharma, Maruti Suzuki India, IndiGo, State Bank of India and Tech Mahindra were also major gainers.

On the other hand, the losing stocks include Eternal, Tata Steel, Trent, Reliance Industries, Mahindra & Mahindra, Bajaj Finserv, Axis Bank, Bharti Airtel, Kotak Mahindra Bank and Hindustan Unilever.

FII has 972.13 Sold shares worth crores of rupees

According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 972.13 crore on Monday while domestic institutional investors bought shares worth Rs 1,666.98 crore. Meanwhile, global oil standard Brent crude fell 0.79 percent to $68.13 per barrel.