Stock Market Today 16 Feb: Volatility continues in the Indian stock market and today started flat. At 9:21 am, the Sensex was marginally down 21 points at 82,605, and the Nifty was up 2 points at 25,473. Pharma and healthcare stocks were leading the market in early trade.
Top Gainers and Losers Today
Nifty Pharma and Nifty Healthcare were the top gainers among the indices. Nifty Realty, Nifty Energy, Nifty Consumer Durables, Nifty Private Bank, and Nifty PSE were also in the green. Meanwhile, Nifty Media, Nifty PSU Bank, Nifty Metal, Nifty IT, Nifty Financial Services, Nifty Commodities, Nifty Services, and Nifty India Defence were in the red.
Stock Market Today 16 Feb
Power Grid, NTPC, HDFC Bank, Sun Pharma, Bajaj Finserv, Maruti Suzuki, ITC, Eternal, Kotak Mahindra Bank, M&M, HCL Tech, and Bharti Airtel were the top gainers in the Sensex pack. Infosys, SBI, Tech Mahindra, HUL, Titan, UltraTech Cement, TCS, Asian Paints, ICICI Bank, Bajaj Finance, and Trent were in the red. Midcaps and smallcaps traded in the red compared to largecaps. The Nifty Midcap 100 index was down 203 points, or 0.34 percent, at 59,234, and the Nifty Smallcap 100 index was down 79 points, or 0.47 percent, at 16,953.
Market Expert on Stock Market
Market experts say that concerns about AI-driven disruptions continue to impact IT companies, which form a significant part of the Indian stock market. Following last week’s sharp decline in domestic markets due to weak equities, domestic markets are likely to remain more sensitive to global cues. Concerns about AI-induced disruptions have reversed some of the optimism generated by the US-India interim trade agreement and further strengthened the broader risk aversion.
Asian Market Today
International markets are trading mixed. Tokyo and Bangkok were in the red, while Hong Kong markets were in the red. US markets also closed mixed on Friday, with the Dow gaining 0.10 percent and the Nasdaq falling 0.22 percent.
Also Read- Complete guide to Tata Group Companies listed on the Stock Exchange: Sector-Wise Market Overview
