Dive into the heart-pounding stock market highlights as both Sensex and Nifty had a rollercoaster ride of the market as it defied expectations with a staggering rebound. Find out which sectors soared and which stocks hit new highs!
Market Recovery on February 14
The market bounced back smartly on February 14, ending the day higher thanks to strong performances from SBI and other PSU banks in a rollercoaster session.
The Sensex managed to climb back 1,023 points from its lowest point of the day to finish up 277.98 points, or 0.39 percent, at 71,833.17.
Similarly, the Nifty took a dip to 21,530.20 before rallying to close 97 points higher, or 0.44 percent, at 21,840.
The Nifty Bank index also saw a robust recovery, gaining over 1,000 points from its low to finish 0.9 percent higher at 45,908.30.
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Top Gainers and Losers
Leading the charge on the Nifty were BPCL, SBI, Coal India, ONGC, and Axis Bank, while Tech Mahindra, Cipla, Sun Pharma, TCS, and Dr. Reddy’s Laboratories lagged.
In terms of sectors, PSU banks and oil & gas stocks surged by 3 percent each, while auto, banking, FMCG, capital goods, metal, power, and realty all saw gains of 1.2 percent each.
However, the information technology and pharma sectors witnessed a decline of 1 percent each.
In individual stocks, there was a significant increase in trading volume for Hindustan Copper, Gujarat Gas, and Glenmark Pharma.
Stocks Hitting 52-Week Highs
Over 200 stocks hit their 52-week highs on the BSE, including Xchanging Solutions, Jubilant Industries, Maruti Suzuki, Trent, Zydus Lifesciences, Sasken Technologies, Reliance Industries, MRPL, Oracle Financial Services Software, IL&FS Engineering And Construction Company, Force Motor, DLF, BANK OF BARODA, Bajaj Auto, among others.
Bhaarat Bulletin’s Shikha Rai, Bimal Dev, and NSE/BSE have contributed to the above report