The Indian markets ended their eight-day losing streak on February 17, closing marginally higher in a volatile session.
The Nifty settled around 22,950, supported by gains in pharma, metal, and financial stocks.
Amid mixed global cues, the indices opened on a weak note and faced selling pressure through the first half of the session.
However, mid-session buying helped the market recover from intraday lows, leading to a positive close..
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY IT
1.3
NIFTY OIL & GAS
0.7
NIFTY FMCG
1.3
NIFTY PSU BANK
0.5
NIFTY FINANCIAL SERVICES
0.8
NIFTY FINANCIAL SERVICES
0.4
NIFTY BANK
0.8
NIFTY BANK
0.3
Top News
Godfrey Phillips surged 20% to ₹7,170 on February 17, extending its two-day rally to 44%, driven by strong Q3 earnings, with net profit rising 48.7% YoY to ₹316 crore and revenue up 27.3% YoY.
GSK Pharma jumped 20% to hit its upper circuit after Q3 earnings exceeded estimates, fueled by strong volume growth and a continued uptick in vaccine offtake, prompting bullish calls from brokerages.
Dilip Buildcon gained 4.4% despite mixed Q3 results, reporting a 7.4% YoY increase in net profit to ₹115.3 crore, while revenue declined 9.98% to ₹2,589.7 crore.
Eight Firms Set to Raise Over Rs 7,800 Crore.
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
22,800-22,750
23,260
Bank Nifty
48,700
50,000
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
ADANIENT
3.9
M&M
-3.5
BAJAJFINSV
2.7
BHARTIARTL
-2.4
INDUSINDBK
2.5
INFY
-0.7
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