Market Sees Marginal Gains Amid Sectoral Shifts; Rupee Edges Up

21 Feb 2024 , 04:05 PM

Indian shares experience marginal rise driven by public sector banks and Hindalco Industries’ US unit filing for IPO, while IT stocks decline.

Nifty achieves a new record high for the third consecutive session; media stocks, particularly Zee, face a downturn. Sensex closes at ₹72,623, marking a 0.59% increase, while Nifty trades at ₹22,055, reflecting a 0.64% hike.

Top gainers include ABB India (10.17%), Piramal Enter (4.04%), DLF (2.66%), Tata Steel (2.02%), with Zee Entertain (-14.56%), GMR airports (-4.80%), Mphasis (-4.00%), BHEL (-3.90%) among the top losers.

Rupee strengthens by 1 paisa, closing at 82.96 (provisional) against the US dollar.

Orient Technologies Ltd files IPO papers with Sebi for a fundraise, comprising a fresh issue of ₹120 Crore and an Offer For Sale of up to 46 lakh equity shares by promoters.

HFCL expands its European presence, establishing an optical fiber cable plant in Poland to meet growing demand.

BluSmart, an electric mobility ride-hailing service, enters a multi-year power purchase agreement with Tata Power Trading Company Ltd to source 30 MW of green power from Tata Power’s solar PV power plant in Rajasthan.

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