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  1. SENSEX rises 500 pts, NIFTY50 tops 23,200; Kotak Mahindra Bank shares hit 52-week high

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SENSEX rises 500 pts, NIFTY50 tops 23,200; Kotak Mahindra Bank shares hit 52-week high

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3 min read | Updated on February 13, 2025, 10:45 IST

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SUMMARY

At 10:43 AM, the S&P BSE SENSEX was trading at 76,674.27 levels, up 503.19 points, or 0.66%, while the NSE's NIFTY50 index was trading at 23,201.30 levels, up 156.05 points, or 0.68%.

On the NIFTY50 index, 32 stocks were trading in the green, 16 in the red, while 2 scrips remained unchanged.

On the NIFTY50 index, 32 stocks were trading in the green, 16 in the red, while 2 scrips remained unchanged. Image: Unsplash

Stock market today: The domestic stock market was trading in the green in the early trade on Thursday, February 13, amid buying in index heavyweights such as Kotak Mahindra Bank, ICICI Bank, M&M, Bajaj Finance, and Sun Pharma.

At 10:43 AM, the S&P BSE SENSEX was trading at 76,674.27 levels, up 503.19 points, or 0.66%, while the NSE's NIFTY50 index was trading at 23,201.30 levels, up 156.05 points, or 0.68%.

On the NIFTY50 index, 32 stocks were trading in the green, 16 in the red, while 2 scrips remained unchanged.

The top five gainers on the index were Bajaj Finserv, Tata Steel, Cipla, BEL, and Kotak Mahindra Bank.
The top losers were Tech Mahindra, Tata Consumer Products, TCS, Hero MotoCorp, and Infosys.

Stocks in news

Kotak Mahindra Bank: Shares of Kotak Mahindra Bank hit their 52-week high on Thursday, February 13, as investors turned positive after the Reserve Bank of India (RBI) lifted restrictions on the bank’s digital operations.
During the early morning trade, the private sector lender was trading at ₹1,969.90, up 1.37%. The stock hit its 52-week high of ₹1,987.55 apiece during the opening bell. READ MORE
Bharat Forge: Bharat Forge, one of the leading names in the auto ancillary and defence space, on Wednesday, February 12, reported a 16.38% decline in consolidated net profit at ₹212.78 crore for the third quarter that ended December 31, 2024 (Q3 FY25), impacted by lower revenue.

The company had posted a profit of ₹254.45 crore in the third quarter last fiscal, Bharat Forge Ltd (BFL) said in a regulatory filing.

Reacting to the numbers, shares of Bharat Forge slipped as much as 5.4% to ₹1,044.70 apiece on the NSE. READ MORE
NATCO Pharma: Shares of NATCO Pharma tumbled over 16% on Thursday, February 13, as its December quarter earnings failed to cheer the investors.

The drug manufacturing company on Wednesday reported a 37.75% decline in consolidated net profit to ₹132.4 crore in the December quarter, hit by a drop in formulations exports.

The company had posted a consolidated net profit of ₹212.7 crore in the third quarter of the previous fiscal year, NATCO Pharma said in a regulatory filing.

Broader Market

The BSE MidCap index was trading at 41,199.55, up 439.16 points, or 1.08%, while the BSE SmallCap index was trading at 47,419.16, up 282.79 points, or 0.60%.

Sector Watch

All the sectoral indices on the BSE were trading in the green. Realty and metal stocks were the biggest gainers.

The BSE REALTY index was trading at 6,685.74, up 114.98 points, or 1.75%, while the BSE METAL index was trading at 28,202.05, up 489.62 points, or 1.77%.

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