The Indian stock market extended its upward momentum for the third consecutive session on Tuesday, February 10. Both the Sensex and Nifty 50 posted healthy gains, driven by positive global cues and robust domestic sentiment. Investors across segments witnessed broad-based support, boosting market capitalisation by over ₹1 lakh crore in a single session.
Market Performance: Sensex and Nifty Overview
- Sensex ended at 84,273.92, up 208 points or 0.25%.
- Nifty 50 closed at 25,935.15, rising 68 points or 0.26%.
- BSE MidCap Index rose 0.21%, while BSE SmallCap Index advanced 0.46%.
- Total market capitalisation of BSE-listed firms jumped from ₹473 lakh crore to over ₹474 lakh crore.
The momentum was visible across both large and mid-sized companies, reflecting an overall positive mood in Indian equities.
Key Drivers Behind Today’s Market Rally
The market’s rally was supported by several factors:
- Positive global cues, including stable trends across major Asian markets.
- Strong foreign inflows, helping to bolster liquidity and market confidence.
- A stable rupee, which reinforced investor sentiment.
- The easing of trade-related concerns, contributing to risk-on sentiment among traders.
Domestic equities continued to gain ground, with investors showing interest in both large-cap and mid-cap stocks.
Top Gainers and Losers in the Nifty 50
Top gainers:
- Eternal: up 5.19%
- Tata Steel: up 2.90%
- ONGC: up 1.88%
A total of 27 stocks in the Nifty 50 closed higher, reflecting broad-based optimism.
Top losers:
- HCL Technologies: down 2.03%
- Bajaj Finance: down 1.82%
- Dr. Reddy's Laboratories: down 1.55%
The mixed performance among select heavyweights shows pockets of profit-booking despite the overall uptrend.
Sectoral Performance Highlights
Sector-wise, most indices ended in the green:
- Nifty Media: up 2.40%
- Nifty Auto: up 1.37%
- Nifty Pharma: down 0.36%
- Healthcare: down 0.27%
- PSU Bank: down 0.19%
- Nifty Bank: down 0.07%
The auto and media sectors outperformed, while pharma and healthcare remained slightly subdued.
Market Activity and Volume Leaders
Trading activity was robust across several counters:
- Vodafone Idea: 39.2 crore shares traded
- Tata Silver ETF: 15.5 crore shares traded
- Filatex Fashions: 13 crore shares traded
The advance-decline ratio favored the winners, with over 2,600 stocks advancing compared to around 1,600 decliners on the BSE.
Stocks with Significant Moves
- 15 stocks recorded gains of more than 15% intraday on the BSE.
- Stocks such as Praj Industries, ISGEC Heavy Engineering, Signpost India, Race Eco Chain, Tokyo Plast International, Dynemic Products, Lumax Industries, and Pavna Industries were among the top performers.
Milestones: 52-Week Highs and Lows
- 127 stocks hit 52-week highs, including SBI, Titan, Tata Steel, UltraTech Cement, Shriram Finance, Samvardhana Motherson International, JSW Steel, and Indus Towers.
- 56 stocks reached 52-week lows, with Kansai Nerolac Paints, Dreamfolks Services, and Pine Labs among the notable names.
These milestones reflect the market’s selective strength and rotation across sectors.
Conclusion
The Sensex and Nifty 50 maintained a steady uptrend, supported by strong global cues, foreign inflows, and sectoral participation. With over ₹1 lakh crore added to market capitalisation in a single session, investors saw broad-based gains across mid-cap, small-cap, and large-cap segments. While some stocks witnessed profit-taking, the overall market mood remained upbeat, highlighting resilience in Indian equities.
Source: Livemint
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