Stock Market Today: Indices end flat; SpiceJet zooms 12%, Nestle India up 2%

Stock market today

The Indian stock market today closed flat on February 16, 2023, with the benchmark indices – the BSE Sensex and NSE Nifty 50 – ending marginally higher by 0.08% and 0.04%, respectively. The market was influenced by mixed global cues and lack of major domestic triggers.

SpiceJet, a low-cost airline, was the top gainer in the market, rising by 12% following the announcement of a strategic partnership with a major international airline.

Nestle India also witnessed an increase in its stock price by 2% after announcing its plan to launch a new range of health supplements.

On the other hand, several stocks, including those in the banking, real estate, and metal sectors, witnessed selling pressure, leading to a decline in their stock prices.

In conclusion, the Indian stock market remained largely range-bound on February 16, 2023, with the market participants remaining cautious amid global uncertainty and lack of major domestic cues.