On Wednesday, the stock market bounced back nicely during the day, ending on a positive note. The Sensex, which measures the performance of 30 large companies listed on BSE, rose by 0.39% to close at 71,833.17 points. Similarly, the Nifty, representing 50 major companies on the NSE, went up by 0.45% to finish at 21,840.05 points.
Some stocks performed well, like BPCL, SBI, and ONGC, while others like Tech Mahindra, Cipla, and Sun Pharma saw declines. Reliance Industries continued its winning streak, reaching a record high for the second consecutive day.
Banks led the market recovery, with the Nifty Bank index rising by 3% from its lowest point. Within the banking sector, public sector banks saw increased buying activity, with SBI and Bank of Baroda being the top performers.
Indices like Nifty PSU Bank, Nifty Media, Nifty Energy, and Nifty Metal showed significant gains, whereas Nifty IT and Nifty Pharma were among the sectors that saw losses.
The broader market also saw positive movements, with the Nifty Midcap index rising by 1.04% and the Nifty Smallcap index jumping by 1.61%.
Here is the list of the top 5 mid and small-cap stocks to watch
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Feb 14, 2024, 5:41 PM IST
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