Stock Market Highlights, Aug 7: Sensex climbs 875 pts; Nifty ends at 24,297; Mid, smallcaps outrun

Stock Market Highlights on August 7: As many as 44 out of 50 constituent stocks of the Nifty50 ended higher, with ONGC, Coal India, Adani Enterprises, and Adani Ports gaining up to 7.45 per cent

Stock Market Highlights on Wednesday, August 7, 2024: Equity benchmark indices, the BSE Sensex and NSE Nifty50, ended with gains of over 1 per cent each on Wednesday. The BSE Sensex jumped 874.94 points or 1.11 per cent to 79,468, while the NSE Nifty50 climbed 304.95 points or 1.27 per cent to 24,297.

As many as 44 out of 50 constituent stocks of the Nifty50 ended higher, with ONGC, Coal India, Adani Enterprises, and Adani Ports gaining up to 7.45 per cent. On the BSE, 25 out of 30 constituent stocks of the Sensex ended in the green, with gains led by Adani Ports, Power Grid, and JSW Steel of up to 3.42 per cent.

Among the broader indices, Nifty Next 50 led the gains with 3.01 per cent, followed by Nifty SmallCap 100 and Nifty MidCap 100 with 2.86 per cent and 2.45 per cent, respectively.

The fear index, India VIX, ended 13.72 per cent lower at 16.17 points.

All the sectoral indices also settled higher, with OMC, Media, Metal, Pharma, and Healthcare being the top contributors, registering gains of up to 3.06 per cent.