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Sensex ends choppy session 483 pts up; banks, IT stocks rally, metals slide

Stock market updates on February 13, 2024: In the broader markets, indices swung between zones with the BSE MidCap and SmallCap indices, eventually, closing 0.6% and 0.18% up, respectively

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Closing Bell on February 13, 2024: Equity markets were volatile on Tuesday as investors were stuck between 'buy on dips' and 'sell the rally' strategies.

The S&P BSE Sensex ended the session 483 points, or 0.68 per cent, higher at 71,555 levels, while the Nifty50 shut shop with gains of 127 points, or 0.59 per cent, at 21,743 levels.

ICICI Bank, Axis Bank, Kotak Bank, Wipro, NTPC, IndusInd Bank, and Reliance Industries were the top Sensex gainers, rising in the range of 0.7 per cent to 2.3 per cent.

In the broader markets, indices swung between zones with the BSE MidCap and SmallCap indices, eventually, closing 0.6 per cent and 0.18 per cent higher, respectively.

Among sectors, the Nifty Metal index dropped over 1.9 per cent, followed by the Nifty Media index (down 0.2 per cent). On the upside, the Nifty Bank, Financial Services, PSU Bank, and Private Bank indices added over 1 per cent each.

3:59 PM

Comment :: What all happened in the markets today?

The domestic market largely recovered from yesterday's losses, driven by gains in the banking sector. Improved sentiment stemmed from a decline in domestic inflation, which is expected to boost rural demand. Despite this, broader markets continued to underperform compared to frontline indices due to high valuations. However, investors remained cautious ahead of U.S. inflation data, anticipating a moderation, pivotal for the Fed's interest rate trajectory.

Views by: Vinod Nair, Head of Research, Geojit Financial Services.

3:39 PM

Currency check :: Rupee ends 1 paise down at 83.01/$

3:38 PM

Broader markets :: Mid, SmallCap indices stabilise after Monday's slide

3:36 PM

NIFTY HEATMAP :: Financials help indices recover lost ground; ICICI, Axis Bank lead

3:35 PM

CLOSING BELL :: Nifty tops 21,700

3:34 PM

CLOSING BELL :: Sensex rises nearly 500 pts in a choppy session

3:29 PM

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3:08 PM

Global check:: US, UK stock futures down up to 0.5%

Source: Investing.com

2:59 PM

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