In a volatile session, the domestic equity market on Friday, February 9, finally ended the day on a high note, aided by a rebound in banking stocks after Thursday’s sell-off. The BSE Sensex climbed 167.06 points to settle at 71,595.49 points, while the NSE Nifty rose 64.55 points to 21,782.50 points.
Among 30 shares of the Sensex, 16 shares ended the day in green. The top gainers were SBI, Sun Pharma, ICICI Bank, Axis Bank and Bajaj Finance rising up to 3.55 per cent. On the other hand, the top losers were Mahindra and Mahindra, Bharti Airtel, NTPC, Tata Steel and Infosys losing up to 2.4 per cent.
Vinod Nair, head of research at Geojit Financial Services, said, “After a volatile session, the market ended on a positive note, aided by a rebound in banking stocks after yesterday’s sell-off. Mid- and small-cap indices bled the most as the sentiment on the broader indices remains vigilant due to their rich valuation. Caution prevails in the market ahead of the release of US, UK, and Indian inflation data next week, while the US 10 yr yield is inching higher.”
In the morning trade, the Sensex opened on a flat note, then entered the red territory for a bit and then bounced back.
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