NIFTY50 and SENSEX close flat, Reliance and L&T gain; Stock Market Highlights

Thank you, readers! That's all from Upstox.com's live market coverage on 23 February 2024. We’ll be back with our live coverage at 8:00 am on Monday.

The NIFTY Financial Services (-0.05%) index closed higher today, with Chola Finance and Shriram Finance being the top gainers.

Benchmark indices – NIFTY50 (-0.02%) and SENSEX (-0.02%) – closed marginally lower today. Gains in index heavyweights like Reliance Industries, Larsen & Toubro and Titan supported the index.

The market breadth was weak. Out of the NIFTY50 universe, 30 stocks declined. And, India VIX, which is a measure of volatility in the domestic markets, declined for the third consecutive day.

On the sectoral front, Media (+1.3%) and Realty (+0.8%) were the top gainers. On the other hand, PSU Bank (-1.1%) and Oil & Gas (-0.5%) were the top losers.

Meanwhile, the broader markets outperformed the benchmark indices. The NIFTY Smallcap 100 index was up 0.3% today. The NIFTY Midcap Index closed 0.2% higher.

Shares of the companies operating in the artificial intelligence (AI) and semiconductor-related industry in India are in focus on Friday after the world’s leading chipmaker Nvidia triggered a rally in tech stocks following its strong quarterly results.

Click here to read more.

The IPO of GPT Healthcare has been subscribed 65% on day 2.

Retail investors have shown strong interest in the public issue with the retail portion being fully subscribed.

Shares of the steel manufacturer are up more than 5% today.

This comes after the company said that it has signed an agreement with the Odisha government to set up two manufacturing plants in the state.

Shares of the telecom operator are up more than 10% today.

This comes after the company announced that its board of directors will on 27 February 2024 to consider the proposal of raising funds.

27 February expiry

• Max Call OI (resistance) : 21,000
• Max Put OI (support) : 20,700
• Max Pain: 20,700
• PCR: 0.8