News

Frontline indices, the Sensex and the Nifty 50, extended their gains for the second consecutive session on Tuesday, February 17, on gains led by select heavyweights, including ITC, BEL, and Infosys.

The Sensex ended at 83,450.96, rising 174 points, or 0.21%, while the Nifty 50 settled 43 points, or 0.17%, higher at 25,725.40. The gains were broad-based as the BSE 150 MidCap Index climbed 0.31%, while the BSE 250 SmallCap Index jumped 0.86%.

Investors' wealth rose by more than ₹1 lakh crore as the overall market capitalisation of BSE-listed firms rose to nearly ₹470 lakh crore from about ₹468.6 lakh crore in the previous session.

A recovery in IT stocks influenced sentiment. IT stocks, including Infosys, HCL Tech, Wipro, TCS, and Tech Mahindra, ended higher by 0.50% to 2% after Infosys announced a collaboration with Anthropic to create and implement advanced enterprise AI solutions for businesses.

Positive global cues also influenced sentiment, with investors' focus on US-Iran talks and the minutes of the US Fed's last policy meeting.

Adani Enterprises (up 2.67%), ITC (up 2.36%), BEL (up 2.02%), Infosys (up 1.87%), and Larsen & Toubro (up 1.86%) ended as the top gainers in the Nifty 50 index.

Kwality Wall's (India) (down 5%), Hindalco Industries (down 1.91%), and Eternal (down 1.78%) ended as the top losers in the index.

Most sectoral indices ended in the positive territory, with Nifty PSU Bank (up 2.11%) and IT (up 1.03%) clocking healthy gains.

Nifty FMCG (up 0.90%) and Consumer Durables (up 0.66%) also saw decent gains.

Nifty Bank closed 0.37% higher, while the private Bank index ended flat.

Easy Trip Planners (59.4 crore shares), Vodafone Idea (25.2 crore shares), Tata Silver Exchange Traded Fund (15.9 crore shares), and Ola Electric Mobility (13.7 crore shares) were the most active counters in terms of volume on the NSE.

The advance-decline ratio remained in favour of advancers as over 2,400 stocks advanced while over 1,700 declined on the BSE.

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

Read all market-related news here

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.Nishant, Principal Correspondent–Markets at Livemint, has been tracking the Indian stock market and the economy for about 10 years, working with some ...

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Download the Mint app and read premium stories