Mumbai23 February. The domestic stock market witnessed a rise for the second consecutive day amid positive sentiment arising from the US Supreme Court’s cancellation of the comprehensive tariffs imposed by President Donald Trump on countries around the world last year and the benchmark indices closed with good gains on Monday due to buying in public sector banks, auto and financial stocks. In this sequence, while BSE Sensex rose by 480 points and crossed 83,000, NSE Nifty registered a rise of 142 points and crossed 25,700.
However, even in this bullish environment, the IT index remained under pressure due to selling in shares of information technology (IT) companies. IT companies are worried about possible disruption from artificial intelligence (AI).
Sensex 0.58 percentage increase 83,294.66 closed on points
Bombay Stock Exchange (BSE) benchmark Sensex based on 30 shares closed at 83,294.66 points, up 479.95 points or 0.58 per cent. At one time during trading, it had climbed 671.44 points to reach 83,486.15 points. Among Sensex related companies, shares of 19 were positive while 11 recorded a decline.
nifty 141.75 by increasing points 25,713 off on
On the other hand, the 50-share sensitive index Nifty of National Stock Exchange (NSE) also increased by 141.75 points or 0.55 percent and closed at 25,713 points. At one time during trading it had risen by 200.2 points to 25,771.45 points. Among Nifty related companies, shares of 34 strengthened and 16 showed weakness.
Investors earned Rs 1.96 lakh crore
The total market capitalization of companies listed on BSE increased to Rs 469.07 lakh crore, which was Rs 467.11 lakh crore on the previous trading day. In this way, the market cap of companies listed in BSE increased by about Rs 1.96 lakh crore. In other words, the wealth of investors increased by about Rs 1.96 lakh crore.
Highest in Adani Ports 2.98 percentage increase
Among the companies included in the Sensex group, Adani Ports recorded the highest gain of 2.98 percent. Apart from this, Kotak Mahindra Bank, UltraTech Cement, PowerGrid, Hindustan Unilever, HDFC Bank, Axis Bank, Bharti Airtel, State Bank of India, Titan, Mahindra & Mahindra and Larsen & Toubro also gained.
On the other hand, shares of Infosys, Tech Mahindra, Trent, HCL Technologies, Bajaj Finserv, Tata Consultancy Services, ITC, Bharat Electronics, Eternal, Tata Steel and IndiGo were in decline.
FII has 934.61 Net sale of shares worth crores of rupees
According to stock market data, foreign institutional investors (FIIs) made a net sale of shares worth Rs 934.61 crore on Friday while domestic institutional investors made a net purchase of shares worth Rs 2,637.15 crore. Global oil benchmark Brent crude fell 0.38 percent to $71.49 per barrel.
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