| Index | Prices | Change | Change% |
|---|---|---|---|
| Sensex | 83,978.49 | 39.78 | +0.05% |
| Nifty 50 | 25,763.35 | 41.25 | +0.16% |
| Nifty Bank | 58,101.45 | 325.10 | +0.56% |
| Biggest Gainer | Prices | Change | Change% |
|---|---|---|---|
| Shriram Finance | 796.45 | 47.55 | +6.35% |
| Biggest Loser | Prices | Change | Change% |
|---|---|---|---|
| Maruti Suzuki | 15,651.00 | -535.00 | -3.31% |
| Best Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty PSU Bank | 8341.35 | 157.00 | +1.92% |
| Worst Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty IT | 35653.10 | -59.20 | -0.17% |
FIIsnet sold Rs 752.9 crore in equities, butDIIs remained net buyers, buying Rs 1,272.29 crore worth of equities today, as per provisional data available on NSE.
The Indian rupee closed at 72.02 against the US dollar, falling 36 paise from previous close.
"The recent volatility indicates excessive pessimism among the participants and we do not see this fading away anytime soon. Besides, we’ve scheduled derivatives expiry on Thursday i.e. on August 29 and that would further add to choppiness. We advise using further rebound to reduce longs as Nifty has strong hurdle at 11,250-11,300 zone,"AjitMishraVice President,Research,ReligareBroking said.
"After a super volatile session index closed a day at 11,058 with strong gains of 229 points and formed bullish pin bar candle on daily chart. Index managed to close above strong hurdle of 11,000 mark hinting bulls are trying to grab a grip from lower end, now index has immediate hurdle near 11,100-11,180 zone any decisive break above 11,180 can push index towards 11,350 zone in near term and support for index is coming near 11,000-10,930 zone,"RohitSingre, Senior Technical Analyst,LKPSecurities told Moneycontrol.
11 of 12 PSU banks closed higher after the government announced Rs 70,000 crore upfront market capitalisation.
Nifty 50 added Rs 2 lakh crore in marketcap.
"Subdued demand conditions that led to weak performance by Indian automakers in the first quarter of the financial year ending 31 March 2020 (FY20) will likely persist, adding to the challenges from the implementation of stricter emission norms under BS6 from April 2020, Fitch Ratings said.
Most auto OEMs reported lower volumes and profitability in QQFY20 as domestic sales volumes of passenger vehicles and medium and heavy commercial vehicles fell by 18.4 percentand 16.6%, respectively, according to the Society of Indian Automobile Manufacturers.
Benchmark indices ended near day's high with the Sensex climbing nearly 800 points after FM announced several measures to boost economy and rollback of FPI surcharge. The likely talks between US and China over trade deal also boosted sentiment.
The BSESensex rallied 792.96 points or 2.16 percent to37,494.12and the Nifty50 jumped 228.50 points or 2.11 percent to 11,057.90 driven by gains across sectors barring Metals.
More than two shares advanced for every share falling on the BSE.
Listed funds witnessed outflows of $990 mn in July, led by non-ETF funds, which saw selling of $811 mn, Kotak said.
India-dedicated funds saw outflows of $653 mn, led by non-ETF outflows of $535 million, it added.
