Stock Markets continued pattern of alternative session gains and losses once again on 13th February, 2024. Traders invested in banking stocks after selling pressure forced them into losses in previous session. International Stock Markets ended with gains. This enabled further investments and hence, BSE gained 482.70 points to close at 71,555.19 and Nifty gained 127.20 points to close at 21,743.25 mark.
BSE Sensex started trading at 71,292.08 and then continued to trade between 70,924.30 – 71,662.74. Index has started above the previous closing and it kept trading flat in the morning. Soon, it kept dipping and then recovered at lowest. It kept inviting huge investments into big stocks and hence, BSE ended the trading session at 71,555.19 by gaining 482.70 points.
Nifty Sensex started trading at 21,664.30 mark and it hit its highest for the day at 21,766.80. Nifty50 hit the lowest at 21,543.35. Index started off slightly above the previous closing and ran into losses in the first few hours. Later, it recovered with rally in banking stocks. Hence, Nifty50 ended by gaining 127.20 points on 21,743.25.
Indian Rupee traded at Rs.83.00 against US Dollar on 13th February, 2024. ICICI Bank, Axis Bank, Wipro, Kotak Mahindra Bank, NTPC shares have been the big gainers of the session. UltraTech Cement, Mahindra & Mahindra, Tata Motors, Titan, Nestle India shares have been biggest losers.
Stock Markets are continuing this pattern of one session losses and another session recovery. Mid-cap and Small-cap investors should observe cautious approach further.
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