Stock Market Live Updates: Sensex and Nifty open positive on upbeat economic indicators thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Share Market Highlights 13 February 2024: Sensex climbs 482 pts; Nifty settles above 21,700; banking stocks shine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Bharat Petroleum Corporation Ltd (BPCL) reported an 82% rise in net profit for the December quarter. While the ongoing attacks on shipping vessels by Houthi militants in the Red Sea have not impacted flow to India. However, the freight has gone up due to rerouting via the Cape of Good Hope. Price reduction of the retail selling prices of our fuel products is speculative as the global situation remains volatile.
In a turnaround on Friday, the Sensex snapped its three-day losing streak, propelled by a buy on dips approach and positive global cues. Earlier in the week, Indian benchmark indices fell sharply, primarily influenced by HDFC Bank s lack lustre quarterly results. On Wednesday, Sensex plummeted 1,628 points, while NSE Nifty plunged 460 points or 2.09% to close at 21,572. This was the the most significant percentage drop in the last 18 months.