Banks drive market to day's high, SBI, Axis and RIL top contributors

CNBC TV18 By Priyanka Deshpande Published Feb 14, 2024

[{"selector":"#anim-efaf5afa-8906-46d6-acd1-4f0c34326fee","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9f968484-6b70-493d-8bea-1bc02b1a5a0c","keyframes":{"transform":["translate3d(0px, 212.67063%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Market stages smart recovery intra-day to close at day’s high

[{"selector":"#anim-bcf87c6c-30f9-491b-b421-55be90a9afe6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a70fcd51-c738-4cc5-bc38-edccc704d80b","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 210.91616%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Banks lead the recovery with Nifty Bank rising 3% from lows

[{"selector":"#anim-e85506a9-f9d1-4114-b9b0-ff6b755e929c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-05051511-0488-487c-b49c-9c513e1c0e42","keyframes":{"transform":["translate3d(0px, 224.95126%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Sensex rises 278 points to 71,833 & Nifty 97 points to 21,840

[{"selector":"#anim-4d8d1ce5-1644-4647-9f46-985d67ea020d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-423669d6-b0ea-4db6-83c4-be24b15d150e","keyframes":{"transform":["translate3d(0px, 175.25254%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Nifty Bank gains 406 points to 45,908 & Midcap Index 496 points to 48,332

[{"selector":"#anim-1dc7254f-6d94-4953-9c9e-19854bff0bf8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-65a39058-2d3f-4b1a-b754-ba07a361d1ef","keyframes":{"transform":["translate3d(0px, 170.70708%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] SBI & Reliance are top Nifty contributors, lift the index by 52 points

[{"selector":"#anim-845c6b41-2ad4-4018-9cf3-56c6365c7a09","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7e0dbaad-fcbd-422c-b3cd-b5797c55a0e2","keyframes":{"transform":["translate3d(0px, 175.25254%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] SBI & Axis Bank together contribute nearly 70% to Nifty Bank’s gain

[{"selector":"#anim-59d0469d-4d85-4bad-b8a4-38fc40c40e47","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-961dd662-fd37-411b-841c-166e21d800d4","keyframes":{"transform":["translate3d(0px, 165.02527%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] RIL extends its gaining streak, posts record high for 2nd straight day

[{"selector":"#anim-1030f5d9-9a8e-415b-8eb7-8daba1d4b698","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2831b436-e8b2-49f3-8b10-1a522767b961","keyframes":{"transform":["translate3d(0px, 178.66165%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] PSU banks continue to see buying, SBI & Bank of Baroda are top gainers

[{"selector":"#anim-eaa7d892-ca63-4ea6-bdb7-d6da7794f7e8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f54730a7-ef7f-49b0-aaa3-2acc335b1acd","keyframes":{"transform":["translate3d(0px, 185.47981%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Tech Mahindra, Cipla, Dr Reddy’s, Infosys & TCS are top Nifty losers

[{"selector":"#anim-ea1257f8-643a-40d3-9f31-9cabc7763f5c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ad003e44-c49d-4809-af4c-9a2c9725ed63","keyframes":{"transform":["translate3d(0px, 241.16169%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] M&M closes with minor gains after reporting in-line earnings for Q3 Read More

[{"selector":"#anim-2f6dd260-7289-465e-997a-d6310213dd38","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-30ad1888-6176-4785-9c55-c5a0bb077c0d","keyframes":{"transform":["translate3d(0px, 171.84349%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] BHEL rises 5% despite reporting earnings lower than expectations

[{"selector":"#anim-cf2b32f3-9535-4ac0-aec3-cf0c7009767a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a4c84681-f4ac-438f-bff8-a0e045b72893","keyframes":{"transform":["translate3d(0px, 217.93371%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Nalco is top midcap gainer, surges 9% on a beat in Q3

[{"selector":"#anim-d3cba3be-8791-43ae-a5ac-c6a73eabecad","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3bb6898b-3031-46af-8f4e-bf3b783f71d1","keyframes":{"transform":["translate3d(0px, 165.02527%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Oil marketing companies rise 5-7% on positive brokerage note

[{"selector":"#anim-72ccea7f-1e7b-4e0d-8ca3-f81518ff0057","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0fd0c658-39bd-4e1f-8c24-9d6d2248730c","keyframes":{"transform":["translate3d(0px, 224.95126%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Bosch gains 4% despite company’s cautious outlook

Vibhor Steel IPO gets steller response with 20x subscription so far; should you invest?

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