Stock Markets Update: Indices restrain from losses

Stock Markets restrain from huge losses with great recovery

Stock Markets restrained from losses towards the end on 14th February, 2024. Traders did not find enthusiasm to invest as the International Stock Markets suffered with US inflation numbers. But at the lowest, SBI, Axis Bank and Reliance shares attracted huge investments. Hence, BSE gained 267.64 points to close at 71,822.83 and Nifty gained 96.80 points to close at 21,840.05 mark.

BSE Sensex started trading at 71,035.25 and then continued to trade between 70,809.84 – 71,938.59. Index started below previous closing and kept dipping as the session progressed. Towards the end, the big stocks attracted investments at the lowest and it grew by 1000 points before closing. Hence, BSE ended the trading session at 71,822.83 by gaining 267.64 points.

Stock Markets recover more than 1000 points in one session from losses
Stock Markets recover more than 1000 points in one session from losses

Nifty Sensex started trading at 21,578.15 mark and it hit its highest for the day at 21,870.85. Nifty50 hit the lowest at 21,530.20. Index did not have an enthusiastic start and it reflected in the great dip. Towards the end, with the rally in big stocks the index recovered more than 300 points lost. Hence, Nifty50 ended by gaining 96.80 points on 21,840.05.

Indian Rupee traded at Rs.83.03 against US Dollar on 14th February, 2024. SBI, Tata Steel, Axis Bank, Maruthi Suzuki, NTPC shares have become biggest gainers. Tech Mahindra, Sun Pharma, TCS, Infosys, UltraTech Cements shares ended as biggest losers. Stock Markets recovered from huge losses within the session. Now, traders hope for consistent in coming days.

Megastar Chiranjeevi takes a much needed break with his better half!