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August 31, 2021 / 04:10 PM IST

Closing Bell: Indices end at record closing high; Nifty above 17K, Sensex gains 662 pts

All the sectoral indices ended in the green, with IT, power, healthcare, metal, oil & gas indices up 1 percent each, while BSE midcap and smallcap indices up over 0.5 percent each.

  • IndexPricesChangeChange%
    Sensex58,712.35-140.72 -0.24%
    Nifty 5017,481.20-43.90 -0.25%
    Nifty Bank38,282.1044.70 +0.12%
    Nifty 50 17,481.20 -43.90 (-0.25%)
    Wed, Aug 10, 2022
    Biggest GainerPricesChangeChange%
    Coal India218.853.45 +1.60%
    Biggest LoserPricesChangeChange%
    NTPC155.25-4.15 -2.60%
    Best SectorPricesChangeChange%
    Nifty Pharma12961.4021.10 +0.16%
    Worst SectorPricesChangeChange%
    Nifty IT29568.30-399.40 -1.33%


  • August 31, 2021 / 04:13 PM IST

    Jateen Trivedi, Senior Research Analyst at LKP Securities:

    Rupee kept its upstream scaled to 73.10 up 0.30 on back of strong capital market performance. The softness in crude & dollar index prices also kept the pressure on USDINR helping the rupee scale higher. 

    With strong vaccination drive in India and economy opening strongly pushed the prices higher. Going ahead range for rupee can be seen between 72.75-73.25.

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  • August 31, 2021 / 04:10 PM IST

    S Ranganathan, Head of Research at LKP securities:

    Bulls went on a rampage to notch up the fastest 1000 point rise in the Nifty this month to cross 17k with ease. FMCG & IT biggies together with the wireless & Bajaj twins made it look effortless ahead of the Q1 GDP numbers today. 

    Metal stocks too lent good support as indices soared over a percentage in late afternoon trade today as the street awaits the 4W auto numbers tomorrow with optimism.

  • August 31, 2021 / 04:07 PM IST

    Ajit Mishra, VP - Research, Religare Broking:

    Markets traded buoyant for yet another session and gained over a percent. The beginning was muted amid mixed cues however healthy buying across sectors such as financials, metal and pharma aided Nifty to test a new milestone i.e. 17,000. Finally, it ended near day’s high at 17,100 levels, up by 1%. The broader markets too remained optimistic and ended in the range of 0.6-0.7%.
     
    It’s been a phenomenal move in Nifty as it inched from 16,000 to 17,000 in August month, after spending nearly two months in consolidation. Going ahead, participants will first react to GDP data in early trade on Wednesday i.e. September 1. Besides, the auto sales will also start pouring in. 

    We reiterate our bullish view on markets, with a focus on stock selection. The catch-up move in banking would now be the next deciding factor for the prevailing momentum to continue.

  • August 31, 2021 / 04:03 PM IST

    Vinod Nair, Head of Research at Geojit Financial Services:

    Led by bulls, domestic indices breached record highs amid broad-based buying due to continuation of Fed’s dovish policy and the expected release of domestic GDP data. Many business activities have rebound to pre-covid levels, the RBI had forecast June quarter GDP to grow at 21.6% on a YoY basis.

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  • August 31, 2021 / 03:34 PM IST

    Market Close: Benchmark indices rose to the record high levels for the second consecutive day on August 31 supported by the IT, power, healthcare and metal stocks.

    At close, the Sensex was up 662.63 points or 1.16% at 57,552.39, and the Nifty was up 201.20 points or 1.19% at 17,132.20. About 1434 shares have advanced, 1537 shares declined, and 105 shares are unchanged.

    Bharti Airtel, Bajaj Finance, Eicher Motors, Hindalco Industries and Shree Cements were the top Nifty gainers. Tata Motors, Nestle, IndusInd Bank, Reliance Industries and BPCL were among the top losers.

    All the sectoral indices ended in the green, with IT, power, healthcare, metal, oil & gas indices up 1 percent each, while BSE midcap and smallcap indices up over 0.5 percent each.

  • August 31, 2021 / 03:26 PM IST

    Ashis Biswas, Head of Technical Research at CapitalVia Global Research:

    The market witnessed the continuation of a positive trend, after sustaining above the level of 16900. The market has reached an important resistance level of 17000. It is suggested that if the market sustains above the level of 17000, the market expects to gain momentum, leading to an upside projection till 17200-17250 level. 

    The momentum indicators like RSI and MACD to stay positive and market breadth to improve, further strengthening a short-term bullish outlook.

  • August 31, 2021 / 03:21 PM IST

    BSE Oil & Gas index rose 1 percent supported by the Adani Total Gas, IOC, Indraprastha Gas:

     BSE Oil & Gas index rose 1 percent supported by the Adani Total Gas, IOC, Indraprastha Gas:
  • August 31, 2021 / 03:08 PM IST

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  • August 31, 2021 / 03:01 PM IST

    Market at 3 PM

    Indian benchmark indices extended the gains in the final hour of trading with Nifty around 17100.

    The Sensex was up 546.81 points or 0.96% at 57436.57, and the Nifty was up 164.00 points or 0.97% at 17095. About 1389 shares have advanced, 1554 shares declined, and 117 shares are unchanged.

      Market at 3 PM  

 Indian benchmark indices extended the gains in the final hour of trading with Nifty around 17100. 

 The Sensex was up 546.81 points or 0.96% at 57436.57, and the Nifty was up 164.00 points or 0.97% at 17095. About 1389 shares have advanced, 1554 shares declined, and 117 shares are unchanged.
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  • August 31, 2021 / 02:45 PM IST

    BSE Healthcare index added 1 percent supported by the Thyrocare Technologies, Kilitch Drugs, Apollo Hospitals Enterprise:

     BSE Healthcare index added 1 percent supported by the Thyrocare Technologies, Kilitch Drugs, Apollo Hospitals Enterprise:
  • August 31, 2021 / 02:30 PM IST

    SRF Board approves bonus issue of 4 shares for every 1 held: The Board of Directors of SRF at their meeting considered and approved bonus issue of equity shares in the proportion of 4 equity share of Rs 10 each for every 1 equity shares of Rs 10 each held by the shareholders of the Company as on the record date, subject to the approval of shareholders. The stock was trading at Rs 10,279.15, up Rs 567.60, or 5.84 percent. It has touched a 52-week high of Rs 10,354.25.

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