Stock market: Sensex climbs 846 points, Nifty tops 21,950 amid 20 per cent decline in Paytm
Business | February 02, 2024 10:46 ISTThe BSE Sensex rose 846.64 points to 72,491.94, while the Nifty surged 256.55 points to 21,954.
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 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.
In the early trade, the 30-share BSE Sensex fell 94.08 points to 71,847.49 in early trade. Meanwhile, the Nifty declined 31.6 points to 21,706 points.
Reliance Industries shares extended gains and rose 5.30 per cent to Rs 2,850.
In the early trade, the 30-share BSE Sensex climbed 503.47 points to 71,204.14. Meanwhile, the Nifty was also up by 178.55 points to 21,531.15 points.
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.
The 30-share BSE Sensex fell 227.72 points to 70,832.59 in early trade. Meanwhile, the Nifty declined 55.7 points to 21,398.25.
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.
In the early trade, the 30-share BSE Sensex climbed 561.13 points to 71,984.78. Meanwhile, the Nifty was also up by 160.45 points to 21,732.25 points.
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.
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