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.
Apollo Hospital, Hindalco, Hero MotoCorp, HDFC Life Insurance, and Kotak Mahindra Bank were the top gainers on the Nifty.
Apollo Hospital, Hindalco, Tata Motors, Hero MotoCorp, and Tata Steel were the top gainers on the Nifty.
Indian benchmark indices reversed early gains to close in the red on August 12, putting the brakes on bullish momentum ahead of key inflation readings
BSE Midcap and Smallcap indices rose 0.5% each. Apollo Hospitals, Hindalco Industries, Hero MotoCorp, Dr Reddy's Labs, Cipla were among major gainers on the Nifty, while losers included IndusInd Bank, UltraTech Cement, Adani Ports, Titan Company, ITC. All sectoral indices ended in the green with auto, metal, pharma up 1 percent each.
Leading indices gave up early gains to trade rangebound for most part of the session, with a last-hour selling dragging the Nifty 50 to 24,465.65.
Indian markets gave up early gains on August 12, with Sensex and Nifty ending lower ahead of key inflation readings from India and the US.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 1,00,396 per 10 grams today.
Maruti Suzuki, Tech Mahindra, Hero MotoCorp, M&M, and Tata Steel were the top gainers on the Nifty.
Tata Steel, Hero MotoCorp, Titan Company, Tech Mahindra, TCS and Reliance Industries were the top gainers on the Nifty.
Bulls staged a strong comeback on August 11, with benchmark indices Sensex and Nifty climbing nearly a percent each, driven by robust buying in PSU banking, realty, and auto stocks.
Maruti Suzuki, Hero MotoCorp, Tech Mahindra, M&M, NTCP were among major gainers on the Nifty, while losers included Bajaj Finance, HUL, Trent, HDFC Bank, Nestle. BSE Midcap index down 0.2 percent and smallcap index ended flat. Mixed trend seen on the sectoral front with auto, pharma, metal, oil & gas, IT, media rose 0.3-0.7 percent, while realty, FMCG, bank, consumer durables fell 0.5 percent each.
Gold rate today: Yellow metal's October contracts on the MCX opened at Rs 1,01,198 per 10 grams today.
