Nifty Recovers to Close Higher, Tech Lags Behind

19 Feb 2024 , 03:41 PM

On February 19, the benchmark indices closed with gains, with notable contributions from FMCG and energy stocks. Despite falling slightly below its all-time high earlier in the day, the Nifty displayed resilience.

The Sensex concluded the session 281.52 points or 0.39% higher at 72,708.16, while the Nifty rose by 75.60 points or 0.34% to reach 22,116.30. Among the listed stocks, 2,127 witnessed advances, 1,312 registered declines, and 110 remained unchanged.

Leading the gainers on the Nifty were Grasim Industries, Bajaj Finserv, Bajaj Auto, ICICI Bank, and Cipla. Conversely, Coal India, SBI Life Insurance, L&T, Wipro, and HDFC Life were among the top losers.

In the broader markets, the BSE Midcap and Smallcap indices saw increases of 0.3% and 0.7%, respectively.

Across sectors, capital goods, IT, metal, and realty experienced declines, while auto, bank, FMCG, healthcare, oil & gas, and power sectors witnessed gains ranging from 0.3 to 1%.

Among these sectors, Nifty FMCG and Energy emerged as the leaders, each posting gains of over 1%. Additionally, Nifty Pharma also recorded nearly 1% growth. However, Nifty IT was marginally down, while all other NSE sectoral indices traded in the green.