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Nifty scales above 22,000; auto shares in demand

Published on Feb 16, 2024 10:38

The benchmark indices traded with significant gains in morning trade. The Nifty marched above the key 22,000 level. Auto shares advanced for the fourth consecutive trading session.

At 10:33 IST, the barometer index, the S&P BSE Sensex, was up 361.12 points or 0.50% to 72,411.50. The Nifty 50 index added 112 points or 0.51% to 22,022.75.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index gained 0.62% and the S&P BSE Small-Cap index advanced 0.89%.

The market breadth was strong. On the BSE, 2,355 shares rose and 1,203 shares fell. A total of 155 shares were unchanged.

New Listing:

Shares of Entero Healthcare Solutions were currently trading at Rs 1,197.50 at 10:25 IST on the BSE, representing a discount of 4.81% as compared with the issue price of Rs 1,258.

The scrip was listed at Rs 1,245, exhibiting a discount of 1.03% to the issue price. So far, the stock has hit a high of 1,258 and a low of 1,186. On the BSE, over 0.67 lakh shares of the company were traded in the counter so far.

Buzzing Index:

The Nifty Auto index increased 1.99% to 20,379.95. The index advanced 4.95% in four trading sessions.

TVS Motor Company (up 3.56%), Bajaj Auto (up 2.86%), Maruti Suzuki India (up 2.49%), Tata Motors (up 2.42%), Mahindra & Mahindra (up 1.88%), Samvardhana Motherson International (up 1.46%), Hero MotoCorp (up 1.24%), Eicher Motors (up 1.16%), Sona BLW Precision Forgings (up 0.91%) and Bosch (up 0.89%) edged higher.

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