Dalal Street in Green; Benchmark indices ended higher for the fourth consecutive session; All the indices traded in green except PSUbank, Oil & Gas, Power


The market extended the gains for the fourth straight session today with Nifty above 22,000 led by auto, Information Technology, and pharma. At close, the Sensex was up 376.26 points or 0.52 percent at 72,426.64, and the Nifty was up 129.90 points or 0.59 percent at 22,040.70.

The biggest gainers on the Nifty included Wipro, M&M, SBI Life Insurance, Adani Ports, and Maruti Suzuki, while the top losers were Power Grid Corporation, ONGC, SBI, Britannia Industries, and Reliance Industries.

Among sectors, except PSU Bank, oil & gas, and power, all other indices are trading in the green with auto, capital goods, pharma, IT, and realty up 1-2 percent.

BSE Midcap and Smallcap indices are up nearly 1 percent each.


Mahindra and Mahindra: Mahindra and Mahindra stock jumped 4.13 percent after the company signed an agreement for Volkswagen components to be used in its electric vehicles. The two companies had signed a partnering deal and term sheet back in 2022.

Paytm: Shares of Paytm surged 5 percent and got locked in the upper circuit even after the Enforcement Directorate reportedly questioned Paytm company executives and took submission of documents from them following the recent RBI action of barring Paytm Payments Bank Ltd (PPBL) from accepting deposits or top-ups in any customer account.

Data Patterns: Data Patterns stock gained 8.81 percent after a large deal worth Rs 1,100 crore changed hands in a block deal on February 16. The block deal also tipped off a spike in trading volumes as 61 lakh shares changed hands so far, sharply higher than the one-month daily traded average of 1 lakh shares.

IPCA Labs: IPCA Labs stock gained 7.87 percent after the company’s in-line Q3FY24 earnings. IPCA Labs reported a 66.8 percent on-year rise in consolidated net profit at Rs 179.88 crore in the December quarter. Its revenue came in at Rs 2,052.86 crore, up 32 percent YoY.

Natco Pharma: Shares of Natco Pharma zoomed 14 percent and hit a 52-week high two days after the company reported a three-fold rise in its net profit to Rs 212.7 crore, supported by strong revenue in the December quarter. The company’s revenue zoomed 54 percent on-year to Rs 758.6 crore.

KPI Green Energy: KPI Green Energy stock got locked in a 5 percent upper circuit in the early trade on February 16 after the company’s subsidiary bagged a 1.5 MW solar power project.

Medplus Health Services: Shares of Medplus Health Services rallied 8.05 percent recovering from the day’s loss, after the company’s subsidiary drug licence for a Mumbai store was suspended.