Stock Markets register profits with IT shares rally on 06th February, 2024. Traders have been encouraged to invest into IT stocks with International Markets ending in profits. Major stocks have performed better than anticipated and indices ended with big profits. Hence, BSE gains 454.67 points to close at 72,186.09 and Nifty gains 157.70 points to close at 21,929.40 mark.
BSE Sensex started trading above previous closing at 71,970.82 and then continued to trade between 71,625.18 to 72,261.40 range. Index traded flat and dipped down lower than previous closing. With rally in IT Stocks BSE attracted more investments. Hence, BSE ended the trading session at 72,186.09 by gaining 454.67 points.
Nifty Sensex started trading at 21,825.20mark and it hit its highest for the day at 21,951.40. Nifty50 hit the lowest at 21,737.55. Index started off on an encouraging note but kept oscillating till the mid-session. IT rally encouraged traders to invest more. Hence, Nifty50 ended by gaining 157.70 points on 21,929.40.
Indian Rupee traded at Rs.83.05 against US Dollar on 06th February, 2024. HCL, TCS, Maruthi Suzuki, Wipro, L&T shares have registered huge gains. Powergrid Corporation, IndusInd Bank, ITC, Kotak Mahindra Bank, Bajaj Finserv stocks have been huge losers. Paytm shares did gain in this session but Jio Financial dismissed reports of them buying Paytm Wallet business.