Banks lead market recovery; IndusInd, ICICI top Nifty contributors

CNBC TV18 By Priyanka Deshpande Published Feb 29, 2024

[{"selector":"#anim-f4562c1d-f6c1-45de-8bea-472dc0884c0e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9aa59ee7-0bfd-469b-b23e-f2aad591447b","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 180.93435%, 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"}] Market surges in last hour amid MSCI flows, ends at day’s high

[{"selector":"#anim-e33b2803-3823-466e-8df7-55b83ac83ef7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-28d5077a-cc6d-4436-8eed-37658d3e1d03","keyframes":{"transform":["translate3d(0px, 228.46010%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Market regains half of Thursday’s losses, Nifty back above 22,200

[{"selector":"#anim-cd955121-4330-4e27-ac1e-02ff91d02993","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bbcf1537-5beb-4b37-8c6e-00b064dc234d","keyframes":{"transform":["translate3d(0px, 254.77584%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Reliance, IndusInd Bank & ICICI amongst top Nifty contributors

[{"selector":"#anim-978b1622-27ef-486d-ae23-d43ff23a70fc","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-29491181-b11c-40d5-9b8a-4d8d8a0568ec","keyframes":{"transform":["translate3d(0px, 172.97984%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Banks lead the recovery in market, Nifty Bank up 700 points from lows

[{"selector":"#anim-a4a0b302-8a29-4043-853a-3d8d44a7b6ea","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3f742410-87e0-4bdc-8fa6-b53c1b9a9609","keyframes":{"transform":["translate3d(0px, 174.11619%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Sensex rises 195 points to 72,500 & Nifty 32 points to 21,983

[{"selector":"#anim-93148884-088b-44ff-be41-5a2bfdbd8ca2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3f1fde99-f9cc-4317-a112-b91134434355","keyframes":{"transform":["translate3d(0px, 180.93435%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Nifty Bank gains 158 points to 46,121 & Midcap Index 247 points to 48,336

[{"selector":"#anim-3c0fa64f-2b36-4bdf-85e1-95ebf9c3ad62","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a5748c3e-fc15-4aaf-a089-b563189921af","keyframes":{"transform":["translate3d(0px, 176.38896%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Autos close mixed ahead of monthly sales, Bajaj Auto slips 3%, M&M up 2%

[{"selector":"#anim-3abb79b8-6c14-46e6-8b4d-94a99190aa44","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f7d426c0-c26b-4f0d-9e64-95f305f86837","keyframes":{"transform":["translate3d(0px, 174.11619%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Tata Consumer, Britannia, Nestle rise amid buying seen in FMCG basket

[{"selector":"#anim-6166ffed-f0ec-487f-a372-e0f038377418","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8e94eb60-e424-43dc-88e3-2f30be092167","keyframes":{"transform":["translate3d(0px, 147.68518%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Hospital stocks slip on Supreme Court ruling, Apollo Hospital & Max Hospital slip 4-7%

[{"selector":"#anim-25d2a2a5-ae5c-4200-b612-31220b23c2de","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5d5ba4f2-412a-449e-a3e1-edc63425ab6e","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"}] Berger Paints, Hindustan Copper, Intellect Design, REC are top midcap gainers

[{"selector":"#anim-ab13b770-43d8-4f00-895c-c91bc27da73b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cc524597-fc50-43f7-ba47-1ac6a2effb15","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"}] Shriram Finance rises 4% on Nifty inclusion while UPL slips 1% on exclusion

[{"selector":"#anim-da4226db-3a1c-458f-8b8f-4a15d7d81bab","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-538d49db-f90c-4dd0-bf71-e8c0f1a60843","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"}] Gujarat Gas rises 3% as company announces cut in industrial price

PSU stocks have corrected up to 30% from their peak, but are they cheap?

[{"selector":"#anim-ce6c5245-c6b5-4024-81db-1d4faf524de1","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] Thanks For Reading! Read More