Opening bell: Nifty opens at fresh all-time high, Sensex flat; Zee slides 10%

Updated on: Feb 21, 2024, 09:27:40 IST

Share via

Copy link

Opening bell: Indian shares logged meagre gains on Wednesday, helped by a rise in public sector banks and jump in Hindalco Industries after its U.S. unit filed for its market debut on Wall Street, while a sustained drop in information technology stocks kept a lid on gains.

A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. (Reuters)

The NSE Nifty 50 index rose as much as 0.23% to a new all-time high of 22,248.85, before trimming gains to 0.12% at 22,223.50. The S&P BSE Sensex gained 0.10% to 73,128.13, as of 9:20 a.m. IST.

This is the third straight session in which the benchmark Nifty has hit new record high levels. Shares of India's Zee Entertainment slid 10% in pre-open trade on Wednesday, after a media report overnight said the country's market regulator has found a accounting issue of more than 20 billion rupees ($241.3 million) in the accounts of the company.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Stay updated with the latest Business News on Petrol Price, Gold Rate, Silver Rates, Diesel Prices along with Income Tax Calculator