Sensex, Nifty updates on 20 February 2024: Indian benchmark indices, Sensex and Nifty, rebounded from a weak start to close higher for the sixth consecutive session, driven by financials. The Nifty 50 hit a record high for the second consecutive day. The Sensex rose 349.24 points, or 0.48%, to 73,057.4, while the NSE index gained 74.70 points, or 0.34%, to 22,196.95. Despite an initial 0.2% dip, the indexes extended their longest winning streak in 10 weeks. Small- and mid-cap stocks underperformed, with a 0.53% and 0.13% decline, respectively. Volatility remained elevated around a 10-month high. Financials, the heaviest sector, surged 1.23%, led by HDFC Bank, up 2.63%, following positive analyst recommendations. IT stocks fell 0.87%, and auto stocks dropped 0.62%. Zee Entertainment rose 8% on reports of a merger revival with Sony’s India unit. Vibhor Steel Tubes recorded a phenomenal 192% gain on its listing day, soaring to ₹442 per share compared to its issue price of ₹151.
