Dalal Street rallied for a fifth consecutive session on Wednesday as investors continued to remain optimistic around the Centre's plan to rationalise Goods and Services Tax.
Biggest Nifty gainers were Dr Reddy's Laboratories, Cipla, Bajaj Finserv, ICICI Bank, SBI Life Insurance, while losers were Bajaj Auto, Coal India, Power Grid Corporation, Eternal, Tata Consumer Products. On the sectoral front, pharma index rose 1%, realty index added 0.4% each, while auto index shed 0.3% and FMCG index declined 0.6%. The BSE midcap and smallcap indices ended on flat note.
For the year so far, FIIs have been net sellers of shares worth Rs 1.88 lakh crore, while DIIs have net bought Rs 4.72 lakh crore worth of shares.
140 stocks touched their 52-week highs on the BSE, including Emami, Godfrey Phillips, Britannia Industries, Colgate Palmolive, Marico, Dabur India, Varun Beverages, Nestle, HUL, Godrej Consumer, Tata Consumer Products, Patanjali Foods, United Spirits, Radico Khaitan, United Breweries, among others.
Gold rate today: Yellow metal's October contracts on the MCX opened at Rs 98,742 per 10 grams today.
The GST reforms have continued to lift sentiment, with the Nifty 50 and Sensex extending their gains to the fifth straight session on August 20.
Infosys, Eternal, HUL, TCS, and NTPC were the top gainers on the Nifty.
Bharti Airtel, NTPC, Infosys, Eternal, and Hindustan Unilever were the top gainers on the Nifty.
Indian equities extended their winning streak on August 19, with autos, oil & gas, metals and FMCG driving a fourth straight rally as mid- and smallcaps outshone the benchmarks.
BSE Midcap and smallcap indices added 0.3% each. Infosys, HUL, TCS, Nestle India, NTPC were among major gainers on the Nifty, while losers were Shriram Finance, Bajaj Finance, Bharat Electronics, Tata Motors, IndusInd Bank. Among sectors, FMCG, IT, realty rose 1-2.6%, while media index fell 2%, pharma, private bank down 0.4% each.
Among sectors, except pharma, all other sectoral indices ended in the green with telecom, FMCG, media, auto, oil & gas up 1% each.
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.
