Sensex rises 176 pts to end above 56K for first time; BSE Midcap jumps 1%
The broader markets, meanwhile, outperformed, rising for the fourth straight session
 "Traders, brokers, markets, stocks, shares, investments, funds")
Benchmark indices closed at fresh record closing highs in trade, led by gains in select index heavyweights, namely L&T, TCS and HDFC. Further, a positive global market sentiment also lent support to the indices.
BSE Sensex ended the day at 56,125, up 176 points or 0.31 per cent. It is for the first time that the index has settled above the 56,000 mark. Meanwhile, NSE Nifty after hitting a new record peak in intra-day session closed 68 points or 0.41 per cent higher at 16,705. It touched a new peak of 16,722.05 in trade earlier.
The broader markets, meanwhile, outperformed, rising for the fourth straight session. The BSE Midcap index added 1.04 per cent and BSE Smallcap rose 0.93 per cent.
The sectoral space was a sea of green as all indices gained on the NSE. Nifty Metal followed by Nifty Pharma were the top gainers, up over 1 per cent each while Nifty Auto gained the least among all indices.
3:43 PM
TECH VIEW :: Ashis Biswas, Head of Technical Research at CapitalVia Global Research
The market witnessed a swift recovery after the initial fall. Going ahead, 16500 will be an important support level in the short-term fpr the Nifty. If the index breaches the level of 16720-16740 and is able to sustain above this, it may gain momentum and hit 16950-17000 levels. The momentum indicators, such as RSI and MACD , need to stay positive and market breadth has to improve for the indices to gain further ground.
3:41 PM
Mid-, smallcaps charge ahead
3:39 PM
Metals, pharma steal the show
3:38 PM
Sensex heat map :: More green than red
3:37 PM
Nifty ends above 16,700 levels
3:36 PM
Fri-YAY! Indices end firm
3:34 PM
CLOSING BELL: Sensex hits record closing high; Nifty ends above 16,700
Led by gains in L&T, TCS and HDFC, BSE Sensex ended the day at 56,125, up 176 points or 0.31%. It is for the first time that the index has settled above the 56,000 mark. Meanwhile, NSE Nifty after hitting a new record peak in intra-day session closed 68 points or 0.41% higher at 16,705. It touched a new peak of 16,722.05 in trade earlier.
3:19 PM
Tech View | Ashis Biswas, Head of Technical Research at CapitalVia Global Research
The market witnessed a swift recovery after the initial fall in the market. The market suggests 16500 will be an important support level in the short-term perspective. If the market breaches the level of 16720-16740 and is able to sustain above this level, the market expects to gain momentum, leading to an upside projection of 16950-17000 levels. The momentum indicators like RSI and MACD to stay positive and market breadth to improve, further strengthening the short-term bullish outlook.
3:01 PM
Moody's assigns Ba3 rating to Adani Green Energy's proposed USD notes
Moody's Investors Service has assigned a Ba3 rating to Adani Green Energy's proposed USD senior secured notes. According to Moody's scale of ratings, obligations rated Ba are judged to be speculative and subject to substantial credit risk. It has assigned a Ba3 rating to the proposed USD senior secured notes to be issued by Adani Green Energy Ltd (AGEL), a statement by Moody's said adding that the outlook is stable. READ MORE
2:43 PM
Billionaire-backed stock picker says tech bubble talk is for boomers
The co-founder of London-based Blue Whale Capital, which has made big consistent gains from Silicon Valley bets, has some advice for market veterans warning of another tech bubble: calm down and buy the dip. READ THE STORY HERE
Computer. Photo: iStock
Topics : MARKET LIVE BSE Sensex NSE Nifty Markets SGX Nifty US Fed rates Jerome Powell Wall Street Global Markets BSE MidCap BSE SmallCap Wipro
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Aug 27 2021 | 8:19 AM IST