Stock market recap, Feb. 17 -- On Monday, the Indian equity benchmarks staged a robust late-session recovery, snapping a two-day losing streak as Nifty 50 surged 211.65 points (0.83%) to finish at 25,682.75. Similarly, S&P BSE Sensex reclaimed 83,000, jumping 650.39 points (0.79%) to close at 83,277.15.
The rally was primarily underpinned by heavy buying in the banking and energy sectors, with HDFC Bank and Power Grid leading the gainers. However, the IT sector remained a significant laggard for the fourth consecutive session, pressured by persistent concerns over AI-driven disruption and revised capital market exposure norms by the RBI, which hit brokerage stocks like Angel One.
Despite the headline gains, the advance-decline ratio rem...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.