New Delhi, Feb 23 (.) The Indian stock market ended on a positive note, extending gains for a second consecutive session. Nifty closed above 25,700 amid volatility.
At close, the Sensex was up 479.95 points or 0.58 per cent at 83,294.66, and the Nifty was up 141.75 points or 0.55 per cent at 25,713.
The Nifty Midcap index declined 0.4 per cent, while the Nifty Smallcap index edged up 0.3 per cent. The overall market capitalisation of BSE-listed firms rose to Rs 469 lakh crore from Rs 467 lakh crore in the previous session.
Among the sectors, most of the indices ended higher. Those on the gaining side were Nifty PSU Bank up by 1.36 per cent, Financial Services up by 0.87 per cent, Auto up by 0.83 per cent, and FMCG up by 0.70 per cent. Nifty Bank rose by 0.15 per cent.
The key ones on the losing end were Nifty IT down by 1.42 per cent, Metal down by 0.23 per cent, and Realty down by 0.19 per cent.
On Nifty, around 35 stocks ended higher. The ones on high were Adani Ports (2.93 per cent), Kotak Mahindra Bank (2.22 per cent), and HDFC Life Insurance Company (1.89 per cent).
Further on the losing end were Hindalco Industries down by 2.08 per cent, Wipro down by 1.89 per cent, and Infosys down by 1.90 per cent. The advance-decline ratio remained in favour of decliners as over 1,900 stocks advanced while nearly 2,400 declined on the BSE.
On the BSE, around 124 stocks hit their 52-week highs while 238 stocks hit their 52-week lows in intra-day trade on the BSE.
Those on the highs were SBI, Larsen & Toubro, and NTPC, while on the lows were Wipro, Suzlon Energy, Info Edge (India), Mankind Pharma, and L&T Technology Services.
IDFC First Bank shares fell 16 per cent on reporting Rs 590-crore fraud in government accounts.
Share price of oil refiners gained as crude oil prices rose amid a rise in global geopolitical tensions.
Oil & Natural Gas Corporation (ONGC) jumped 4.5 per cent, while Oil India shares surged more than 7 per cent.
Shares of Hindustan Petroleum Corporation Limited (HPCL) fell over 4 per cent, while Bharat Petroleum Corporation (BPCL) shares dropped over 3 per cent. . VK SQ KK