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The Indian stock market ended with healthy gains on Monday, February 23, amid mixed global cues. The Sensex closed at 83,294.66, rising 480 points, or 0.58%, while the Nifty 50 closed at 25,713, up 142 points, or 0.55%. The mid and small-cap segments, however, ended mixed. The BSE 150 MidCap Index fell 0.21%, while the BSE 250 SmallCap Index jumped 0.51%.

The overall market capitalisation of BSE-listed firms rose to ₹469 lakh crore from ₹467 lakh crore in the previous session, making investors richer by about ₹2 lakh crore in a single session.

The domestic market witnessed healthy buying interest after the US Supreme Court struck down tariffs imposed by President Donald Trump.

The domestic market is witnessing stock-specific buying interest largely in banks, power, pharma, and FMCG counters amid expectations of healthy demand and economic recovery.

"The U.S. Supreme Court’s ruling against Trump’s reciprocal tariff policy was welcomed by domestic markets. Investors are awaiting more clarity on Trump’s revised strategy and the scope of renegotiations by other nations," Vinod Nair, Head of Research, Geojit Investments Limited, noted.

"Sectorally, the IT index faced pressure from unresolved concerns over AI‑driven disruption. Nonetheless, investors favoured domestic themes, with banks, power, FMCG, and consumer discretionary stocks gaining traction on expectations of resilient demand and economic recovery," Nair added.

As many as 35 stocks ended higher in the Nifty 50 index, among which Adani Ports (up 2.93%), Kotak Mahindra Bank (up 2.22%), and HDFC Life Insurance Company (up 1.89%)ended as the top gainers.

Hindalco Industries (down 2.08%), Wipro (down 1.89%), and Infosys (down 1.90%) ended as the top losers in the index.

Most sectoral indices ended higher, with Nifty PSU Bank (up 1.36%), Financial Services (up 0.87%), Auto (up 0.83%), and FMCG (up 0.70%) clocking healthy gains.

Nifty Bank rose 0.15%.

On the other hand, Nifty IT (down 1.42%), Metal (down 0.23%), and Realty (down 0.19%) ended with losses.

IDFC First Bank (62 crore shares), Vodafone Idea (38.6 crore shares), and Tata Silver Exchange Traded Fund (27.1 crore shares) were the most active counters in terms of volume on the NSE.

(This is a developing story. Please check back for fresh updates.)

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stories by Nishant Kumar

Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.

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