Priyanka
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Stock Market Closing : Indian equity markets bounced back on Monday, ending an eight-day losing streak. The recovery was driven by buying interest in the pharma and PSU banking sectors.
The Sensex closed at 75,996.86, gaining 57.65 points or 0.08%. The index saw significant intraday movement, climbing 702.10 points from its day's low of 75,294.76 to touch a high of 76,041.96.
Similarly, the Nifty 50 ended at 22,959.50, up 30.25 points or 0.13%. The index traded within a range of 22,725.45 to 22,974.20 during the session.
Bank Nifty and Broader Market Performance
- Bank Nifty gained 159.45 points or 0.32%, closing at 49,258.90.
- Nifty Midcap 100 rose 195.70 points or 0.39%, settling at 49,849.85.
- Nifty Smallcap 100 edged up 5.90 points or 0.04%, finishing at 15,413.10.
On the Bombay Stock Exchange (BSE), 1,354 stocks closed in the green, while 2,733 stocks ended in the red. Additionally, 134 stocks remained unchanged.
Top Gainers and Losers
Gainers: Bajaj Finserv, PowerGrid, IndusInd Bank, Adani Ports, UltraTech Cement, HDFC Bank, Zomato, Nestlé India, Tata Motors, SBI, Asian Paints, and NTPC saw strong buying interest.
Losers: M&M, Bharti Airtel, TCS, Infosys, and ICICI Bank faced selling pressure.
Market Sentiment and FIIs Activity
Experts suggest that global economic policies, particularly those from the US, are influencing foreign institutional investor (FII) strategies in emerging markets like India.
Additionally, high valuations in the Indian stock market have led to increased caution among investors, according to Vipul Bhowar of Waterfield Advisors. Last week, both indices posted significant declines, breaking a two-week winning streak.
Foreign institutional investors (FIIs) remained net sellers for the eighth consecutive session, offloading equities worth ₹4,294.69 crore on February 14. In contrast, domestic institutional investors (DIIs) continued their buying spree, investing ₹4,363.87 crore on the same day.
