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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

Image SI Reporter New Delhi
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
 
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
Manufacturing PMI, manufacturing

3:03 PM

India's GDP growth slowed down to six-quarter low of 6% in Q1 FY25: ICRA

A contraction in government capital expenditure and a dip in urban consumer demand slowed down India’s GDP growth to a six-quarter low of 6 per cent in April-June, ICRA said on Thursday. The credit rating agency added that it expects the country’s GDP to grow by 6.8 per cent for the full fiscal year 2024-25, lower than the 8.2 per cent achieved in 2023-24. READ MORE
GDP growth
2:48 PM

Stock Market LIVE Updates: Nucleus Software shares fall as investors book profits after sharp rally

Shares of Nucleus Software Exports slid as much as 7.0 per cent, reaching its all time high at Rs 647.50 per share on the BSE in Thursday’s intraday deals. This came as investors resorted to profit booking on the counter after a sharp rally of 30 per cent in the preceding two days. The stock had hit a 20 per cent upper circuit on August 20, while extended the rally on Wednesday. The stock saw the sharp rally after the company on Tuesday announced buyback of euity shares from its shareholders. READ MORE
 
2:33 PM

Stock Market LIVE Updates: Weizmann announces buyback of 3.65 lakh shares at Rs 160; shares up more than 1%

Stock Market LIVE Updates: Textile processing firm Weizmann today announced that its board of directors has approved the proposal to buyback fully paid up equity shares of the company with a face value of Rs 10, through the tender offer process. 
The company, in an exchange filing, said, "The Board of Directors has approved the proposal for Buyback of fully paid up equity shares of the Company having a face value of ₹ 10, not exceeding 3,65,169 equity shares at a price of ₹ 160, per equity share on a proportionate basis, through the tender offer process."
 
1:59 PM

Stock Market LIVE Updates: Westside, operated by Tata group-owned Trent, opens its 229th store in Ludhiana

Stock Market LIVE Updates: Westside, a part of the Tata group, today announced the inauguration of its newest store in Ludhiana. 
Located at BRS Nagar in Ludhiana, the store, which is spread across 28,870 sq. ft, will feature most of Westside’s brands across apparels, accessories, cosmetics, footwear and HOME, the company said in an exchange filing.
Westside opens 100th store in Bhubaneswar

1:45 PM

Upcoming IPO Alert! 7 takeaways from solar cell maker Premier Energies' RHP

Premier Energies IPO:The initial public offering (IPO) of GEF Capital-backed solar photovoltaic (PV) cells manufacturer, Premier Energies, opens for public subscription on Tuesday, August 27, 2024. The company seeks to raise Rs 2,830.40 crore from the public issue. Ahead of its opening, the unlisted shares of Premier Energies are commanding a strong premium in the grey market. Read more

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First Published: Aug 22 2024 | 8:01 AM IST

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