Market Highlights, Aug 22: Sensex up 148 pts, ends atop 81k; Nifty holds 24,800; banks, FMCG gain
Stock Market Highlights, Thursday, Aug 22, 2024: 18 stocks ended higher on the Sensex led by Bharti Airtel, Tata Steel, ICICI Bank, and Titan Company
 "Stock Market LIVE Updates: Sensex, Nifty hold steady; IT, auto and oil & gas indices under pressure")
Stock Market Closing Bell today, Thursday, August 22, 2024: Benchmarks BSE Sensex and NSE Nifty50 indices were listless on Thursday as investors stayed on the sidelines ahead of the US jobless claims data and the Jackson Hole Symposium late today.
The BSE benchmark index ended at 81,053, up 148 points or 018 per cent, while the NSE frontline index closed with gains of 41 points or 0.17 per cent at 24,812.
While gains in Grasim Industries, Tata Consumer Products, Bharti Airtel, Tata Steel, ICICI Bank, Titan Company, Apollo Hospitals, and Asian Paints supports the indices, losses in Wipro, Tata Motors, NTPC, Dr Reddy's Labs, M&M, TCS, and ONGC capped upside.
In the broader markets, the mid and small-cap indices outperformed the Sensex and Nifty indices as the BSE MidCap index added 0.67 per cent and the BSE SmalCap 0.47 per cent.
Among sectors, the Nifty IT slipped 0.16 per cent, followed by the Nifty Pharma (0.14 per cent). On the flipside, the Nifty Metal index climbed 0.67 per cent, the Nifty PSU bank index 0.67 per cent, and the Nifty Realty 0.47 per cent.
3:56 PM
Tech View: 'Nifty opened on a flat note and consolidated during the day to close with gains of ~41 points'
Nifty opened on a flat note and consolidated during the day to close with gains of ~41 points. On the daily charts, we can observe that the Nifty has closed positive for the fifth consecutive trading session. The upmove has been slow steady without any meaningful pullback towards the hourly moving averages. The hourly momentum indicator has a negative crossover along with a negative divergence. Thus, can be a intraday dip and hence caution on longs is advised. The Nifty is also trading close to the 78.6 per cent retracement mark 24,830 which shall restrict further upside. Thus, the overall trend remains sideways, and the range of consolidation is 24,200 – 24,900.
Views by: Jatin Gedia, technical research analyst at Sharekhan by BNP Paribas
3:50 PM
'Domestic market witnessed modest gains owing to the positive global sentiments'
The domestic market witnessed modest gains owing to the positive global sentiments. Particularly, the recent signs of weakness in the US non-farm payroll data have strengthened the case for potential interest rate cuts in September. However, in the broader market, investors are being cautious, opting for a selective approach, awaiting more clarity from central bank leaders in Japan and the US.
Views by: Vinod Nair, head of research, Geojit Financial Services
Views by: Vinod Nair, head of research, Geojit Financial Services
3:39 PM
Sector Update: Nifty Consumer Durables was top gainer; up 0.90%
Nifty Consumer Durables was top gainer; up 0.90%.
3:37 PM
Broader markets close higher; Nifty MidCap rises 0.70%
Broader markets end higher; Nifty MidCap adds 0.70%.
3:35 PM
Index heatmap check: Bharti Airtel, Tata Steel among top gainers
NTPC, Tata Motors, M&M among top losers today.
3:34 PM
Stock Market Closing Bell: Nifty closes 41 points higher at 24,811 levels
Nifty closes 41 points or 0.17 per cent higher at 24,811 levels.
3:32 PM
Stock Market Closing Bell: Sensex settles 148 points higher at 81,053 levels
Sensex settles 148 points or 0.18 per cent higher at 81,053 levels.
3:23 PM
Stock Market LIVE Updates: Adani Power shares fall 3% amid report of stake sale by Promoter group
Shares of billionaire Gautam Adani-led power generation company, Adani Power, fell 2.72 per cent to Rs 676 during intra-day deals on Thursday. The fall in stock price follows news that promoters of the company may offload a 5 per cent stake via a block deal, according to media reports. However, Adani Group has not yet confirmed the block deal news. READ MORE
3:16 PM
Stock Market LIVE Updates: Dabur's shares rally on announcing new manufacturing plant in Tamil Nadu
Shares of Dabur India surged as much as 2.04 per cent at Rs 647.50 per share on the BSE in Thursday’s intraday deals. This came after the Tamil Nadu government announced on Thursday that Dabur India, a home and personal care products manufacturer, will invest Rs 400 crore to establish a new manufacturing plant in Villupuram district. READ MORE
3:15 PM
Softer rise in manufacturing output slows flash PMI to 60.5 in August
India's private sector expanded at a slower clip in August due to a softer rise in manufacturing output and weakening of new orders, according to a survey. READ MORE
Topics : MARKET LIVE MARKET WRAP Markets Sensex Nifty MARKETS TODAY Global stock markets share market Nifty50 S&P BSE Sensex US Federal Reserve IPO allotment
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Aug 22 2024 | 8:01 AM IST