Nifty 50 Opens Muted, Trades at 21,733.85; BSE Sensex at 71,523.44, Showing 0.66% Gain
State-owned company stocks showed resilience on February 13, bouncing back from a notable correction witnessed in the preceding session. This recovery was particularly evident in banking and railway shares, which experienced a sharp uptick. By 11 am, the BSE PSU Index reflected this positive momentum, trading at 17,851 and marking a significant 1.6% increase. This rebound comes on the heels of a challenging session on February 12, where the index recorded its steepest drop since January 23, falling by 1.7%. Despite this setback, the current recovery suggests renewed investor confidence in state-run entities within the market.
PSU Stocks Witness Varied Impact on February 12; LIC, Indian Oil Corp Ltd, NHPC, NTPC, and ONGC React Differently on February 13.