Indian equity benchmarks opened higher on February 19, supported by positive global signals. The Nifty traded above 25,850 while the Sensex posted modest gains in early deals. IT stocks led the rally, whereas select financial and aviation shares faced pressure.
IT Stocks Rally While Financials Drag in Early Trade
Mumbai: The Indian stock market opened higher on February 19th amid positive global cues. The Sensex rose 52.43 points, or 0.06%, to 83,786.68, while the Nifty rose 26.35 points, or 0.10%, to trade at 25,845.70. Around 1,398 stocks advanced, 839 declined, and 144 remained unchanged.
HCL Technologies, ONGC, Infosys, TCS, and Tech Mahindra were among the major gainers on the Nifty.
InterGlobe Aviation, HDFC Life, Apollo Hospitals, Bajaj Finance, and Kotak Mahindra Bank were among the losers.
Infrastructure company BL Kashyap and Sons has received a new order worth Rs. 300 crore from CRC Greens. This order pertains to the construction and supervision of civil structural works for a group housing project in Greater Noida, Uttar Pradesh.
Market experts expect a bullish trend with fluctuations throughout the day if the global environment remains positive.
(...being updated)
