Stock Market Highlights, Aug 20: Sensex rises 378 pts, Nifty nears 24,700; all but FMCG rise
Stock Market Highlights on August 20: Bajaj Finserv, IndusInd Bank, Tech M, Bajaj Finance, Kotak Bank, and Axis Bank were the top large-cap gainers, rising up to 3.3 per cent
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Closing Bell on Tuesday, August 20: Benchmark indices maintained their winning ways on Tuesday aided by a strong rally in financial and information technology (IT) shares.
The BSE Sensex index ended at 80,803 levels, up 378 points or 0.47 per cent. The NSE Nifty50, meanwhile, settled at 24,698.85, up 126 points or 0.5 per cent.
Bajaj Finserv, IndusInd Bank, Tech M, Bajaj Finance, Kotak Bank, and Axis Bank were the top large-cap gainers, rising up to 3.3 per cent.
In the broader markets, the BSE MidCap and SmallCap indices closed 0.98 per cent and 0.52 per cent higher, respectively.
Among sectors, the Nifty PSU Bank index gained the most, adding 1.68 per cent on the NSE, followed by the Nifty Financial Services index (up 1.1 per cent), and the Nifty IT index (0.81 per cent).
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Tech View: 'The trend is likely to remain strong as long as Nifty stays above the 24,600-24,650 range'
The Nifty moved above 24,700 after sustaining above 24,600. The trend is likely to remain strong as long as it stays above the 24,600-24,650 range. A decisive fall below 24,600 might trigger a reversal of the current uptrend. On the higher end, the Nifty might move towards 24,840-24,860.
Views by: Rupak De, Senior Technical Analyst, LKP Securities
Views by: Rupak De, Senior Technical Analyst, LKP Securities
3:49 PM
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'Easing geopolitical risks & weak China demand have led to fall in crude prices, benefiting domestic economy'
The domestic market started the session with a strong surge, buoyed by positive global sentiment amidst Israel-Hamas ceasefire talks and diminishing US recession fears due to recent favourable data. Concurrently, easing geopolitical risks and weak China demand have led to a decline in crude prices, benefiting the domestic economy. Meanwhile, inflationary pressure in Japan and the appreciating Yen cautioned the rally. This week’s Japan inflation data and FOMC minutes will provide insights into future interest rate trajectories and market trends.
Views by: Vinod Nair, Head of Research, Geojit Financial Services
Views by: Vinod Nair, Head of Research, Geojit Financial Services
3:38 PM
Sector Update: Nifty PSU Bank, Financials were among top gainers
3:36 PM
Broader markets settle higher; Nifty MidCap gains over 0.80%
3:35 PM
Index heatmap check: Bajaj Finserv was top gainer
3:34 PM
Stock Market Closing Bell: Nifty settles 126 pts higher at 24,698.85 levels
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Stock Market Closing Bell: Sensex settles 380 pts higher at 80,802.86 levels
3:28 PM
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Zomato shares worth Rs 5,438 cr sold in block deal, Antfin likely seller
Zomato’s shares valued Rs 5,438.50 crore were sold in a block deal on Tuesday, with the deal later being upsized. Antfin Singapore Holding, a subsidiary of Alibaba Group, is believed to be the seller in this transaction, according to a report by Moneycontrol. READ MORE
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In a setback to BSE, Sebi denies relief on payment of regulatory fee
In a setback to BSE, the market regulator has denied any relief to the stock exchange on the payment of differential regulatory fee based on annual turnover. READ MORE
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Festival season sees airfare surge of 10-25% for major domestic routes
The festive season is round the corner and airfares are on the rise. A recent analysis indicates that average one-way ticket prices for major domestic routes are 10-15 per cent higher for Diwali and up to 20-25 per cent higher for flights to Kerala cities for Onam. READ MORE
3:15 PM
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Surya Roshni hits over six-month high, surges 29% in 7 days post Q1 results
Surya Roshni share price today hit an over six-month high of Rs 714.95, surging 5 per cent on the BSE. The stock extended its rally on Tuesday after Surya Roshni company reported a strong set of numbers for the quarter ended June 2024 (Q1FY25) with healthy growth outlook. READ MORE
2:58 PM
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Tech Mahindra shares reach 52-week high after 103 acre land sale: details
Shares of Tech Mahindra soared up to 2.48 per cent, hitting its 52-week high at Rs 1,634.25 per share on the BSE in Tuesday’s intraday deals. READ MORE
2:43 PM
Alert: Tech Mahindra approves sale of 103 acre land for Rs 535 crore
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Marksans Pharma hits 52-week high after USFDA issues EIR for Goa facility
Shares of Marksans Pharma soared up to 1.98 per cent at Rs 220.14 per share on the BSE in Tuesday’s intraday trade. This came after the pharmaceutical company on Tuesday said that it has received an establishment inspection report (EIR) from the United States Food and Drugs Administration for its manufacturing facility in Goa. Read more
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Hindustan Zinc shares jump 4% on dividend announcement of 950% for FY25
Hindustan Zinc dividend news: Shares of Hindustan Zinc, a subsidiary of the mining conglomerate Vedanta, jumped 3.56 per cent to Rs 513.40 on the BSE during intra-day trade on Tuesday. The surge in the stock price followed news that the company's board had considered and approved the second interim dividend for FY24. Read more
Topics : Stock Market MARKET WRAP MARKET LIVE Markets Sensex Nifty share market IPO listing time S&P BSE Sensex NSE Nifty50 benchmark index
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First Published: Aug 20 2024 | 7:30 AM IST
