Stock Market February 15 Updates: Wipro was the top gainer in the Sensex pack, followed by Bajaj Finsv, Bharti Airtel, Tech Mahindra, Larsen and Toubro, and Bajaj Finance
New Delhi | Jagran Business Desk: Following the bloodbath at Dalal Street on Valentine’s Day, the Indian benchmark indices jumped by over 0.50 per cent amid mixed global cues due to tensions between Russia and the West over Ukraine. The 30-share BSE Sensex climbed over 460 points or 0.62 per cent and was trading at 56,866. Likewise, the NSE Nifty jumped by 101.00 points or 0.60 per cent to start the session at 16,943.80.
Wipro was the top gainer in the Sensex pack, rising by 1.87 per cent, and was followed by Bajaj Finsv, Bharti Airtel, Tech Mahindra, Larsen and Toubro, Bajaj Finance, Tata Consultancy Services (TCS), HCL Tech, Titan, IndusInd Bank, and State Bank of India (SBI).
Power Grid, however, was the biggest loser, falling by 0.20 per cent. Dr Reddy’s and ICICI Bank were also trading in red.
In the Nifty pack, Vodafone Idea was the most active stock, rising by 1.97 per cent. Adani Power, Bank of Baroda, YES Bank, Tata Power Company, Punjab National Bank (PNB), Coal India Ltd, and Oil And Natural Gas Corporation (ONGC) were also in green.
Experts believe that the stock market will continue to remain volatile this week due to Ukraine tensions. Vinod Nair, Head of Research at Geojit Financial Services, said Ukraine tensions and price rise have forced investors to dump risky assets.
“Risk sentiment was further dampened ahead of the Fed’s emergency meeting which heightened fears of aggressive monetary tightening,” Nair said on Monday, as reported by news agency PTI. “On the domestic front, the annual WPI inflation eased marginally to 12.96 per cent in January from 13.56 per cent in December, but still high, amid moderation in the fuel and power prices.”
Meanwhile, Global crude oil benchmark Brent futures spiked over 1 per cent to USD 95.44 per barrel on Monday. The rupee, on the other hand, plunged by 24 paise to close at 75.60 against the US currency.
