Stock Market Highlights: Sensex Surge To New Closing High, Nifty tops 15,150

The benchmark indices ended higher on February 11 after a volatile session.

At close, the Sensex was up 222.13 points or 0.43 per cent at 51,531.52 and the Nifty was up 66.80 points or 0.44 per cent at 15,173.30. About 1711 shares have advanced, 1229 shares declined and 133 shares remain unchanged.

On the Nifty 50 index, Hindalco (5.73 per cent), Reliance (4.12 per cent), Sun Pharma (2.64), Adani Ports (2.60 per cent), while Eicher Motors (-2.87 per cent), NTPC (-2.55 per cent), Titan Company (-2.46 per cent) and Larsen (-1.44 per cent).

On the sectoral front except PSU Bank, all other sectoral indices ended in green. The BSE Smallcap and Midcap indices rose by 1 per cent and 0.4 per cent respectively.

Author’s View: We are seeing a range-bound movement in Nifty. The overall range formed is 15,000 – 15,250. Closing below or above the above-mentioned range is going to decide the future movement of the index. However, our view still remains bullish on the index.

Disclaimer:  The view/s expressed above are only for educational/awareness purpose. Mumbailive.com or the author of the post bears no liability for any losses suffered by following any advice posted on the website. You are solely responsible for making your own investment decisions.