Tata Motors, Adani Ports, Bajaj Auto, Hero MotoCorp, Adani Enterprises and Reliance Industries were the top gainers on the Nifty.
Gold rate today: Gold's October contracts on the MCX opened at Rs 99,466 per 10 grams today.
Tata Motors, Reliance Industries, Adani Ports, Bajaj Auto, and Adani Enterprises were the top gainers on the Nifty.
After a sharp rally in the previous session, Nifty 50 and Sensex opened the August 19 session on a quiet note as bulls took a breath.
Foreign investors turned net buyers after 4 sessions on Monday, August 18, purchasing Indian equities worth Rs 551 crore.
Biggest Nifty gainers included Tata Motors, Adani Ports, Reliance Industries, Hero MotoCorp, Bajaj Auto, while losers were Dr Reddy's Laboratories, Cipla, Hindalco Industries, Bajaj Finserv, M&M. Among sectors, except pharma, all other sectoral indices ended in the green with telecom, FMCG, media, auto, oil & gas up 1% each. The BSE midcap and smallcap indices rose 1 percent each.
The BSE midcap index gained a percent and smallcap index added 1.4 percent. Among sectors, Auto index ended up 4 percent, consumer durable index up 3 percent on hopes of GST rate rationalisation.
Dalal Street staged a sharp rally in trade following reports of GST rationalisation, which is a rerating trigger for the market, given the long-term growth benefits to the economy.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 99,960 per 10 grams today.
Maruti Suzuki, Nestle, Hero MotoCorp, Bajaj Finance, and M&M were the top gainers on the Nifty.
HDFC Bank, ICICI Bank, Maruti Suzuki, M&M, and Hero MotoCorp were the top gainers on the Nifty.
On Thursday, the last trading session of the previous week, Indian equity indices ended marginally higher with Nifty above 24,600.
Maruti Suzuki, Nestle, Hero MotoCorp, Bajaj Finance, Bajaj Auto were among biggest gainers on the Nifty, while losers were ITC, Tech Mahindra, Eternal, L&T, NTPC. Except IT, media, power, all other sectors ended in the green with Auto index up 4 percent, consumer durable index up 3 percent, realty up 2percent, while metal, FMCG, telecom, private bank up 1-2 percent. BSE midcap index gained 1 percent and smallcap index added 1.4%.
Caution ahead of Trump-Putin talks and mixed US data kept traders wary, while growing confidence in a 25 basis point rate cut supported markets.
For the week, BSE Sensex and Nifty added a percent each, snapping a six-week losing streak.
Gold rate today: Yellow metal's October contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 1,00,297 per 10 grams today, higher than yesterday's closing price of Rs 1,00,185 per 10 grams.
Sensex and Nifty ended a six-week losing streak on August 14, closing the week about 1 percent higher. Gains were led by pharma, auto, and PSU banks, while analysts flagged potential for a technical pullback as Nifty nears key support.
Sensex and Nifty moved in a tight range on August 14 as investors awaited updates from US–Russia ceasefire discussions. Nifty IT gained 1 percent, led by Infosys and Wipro, while the metal index slipped over 1 percent on weakness in JSW Steel, Tata Steel, and Vedanta.
Dalal Street saw a quiet start in trade on the last trading session on the holiday-truncated week, echoing cues from Asian indices.
Even though the headline indices Nifty 50 and Sensex may open flat, the benchmarks are likely to snap a six-week long losing streak.
Wipro, Eternal, HDFC Life, Infosys, Asian Paints were among major gainers on the Nifty, while losers included Tata Steel, Adani Ports, Tech Mahindra, Hero MotoCorp, Bharat Electronics. On the sectoral front, metal and oil & gas down 1 percent each, while Consumer Durables and IT rose 0.5 percent each. The BSE midcap index was down 0.2 percent and smallcap index shed 0.4 percent.
The local currency unit gained 0.31% - its highest intraday gain since July 3 - and closed at 87.4400, compared to Tuesday's close of 87.7125.
More than 100 stocks touched their 52-week highs on the BSE, including JM Financial, HBL Engineering, Apollo Hospitals, Authum Investment, Paytm, Sai Life Sciences, TVS Motor, Fortis Healthcare, Nuvoco Vistas, Indian Bank, Star Cement, among others.
Given the current environment of heightened volatility, experts suggested that traders adopt a cautious “wait-and-watch” approach.
Gold rate today: Yellow metal's October contracts on the MCX opened at Rs 1,00,263 per 10 grams today.