co-presented by
ASSOCIATE SPONSORS
co-presented by
ASSOCIATE SPONSORS
Laggards on the index included Tata Steel, Dr Reddy's, ICICI Bank, Bharat Electronics, and Hindalco.
Nifty 50 and Sensex recorded gains, kicking off the holiday-truncated trading week on a positive note on August 25. Dovish signals from the U.S. Federal Reserve raised hopes of a rate cut.
Biggest Nifty losers were Shriram Finance, Sun Pharma, Tata Steel, Bajaj Finance, Trent, while gainers included Eicher Motors, HUL, Maruti Suzuki, Nestle India, ITC. Except FMCG, all other sectoral indices ended in the red with PSU Bank, metal, pharma, oil & gas, consumer durables, realty, telecom down 1-2%. The BSE midcap index shed 1.3 percent and smallcap index fell 1.7 percent.
160 stocks touched their 52-week highs on the BSE, including TVS Motor, eClerx Services, Jindal Stainless, Nykaa, UPL, HDFC AMC, Paytm, UNO Minda, Delhivery, Maruti Suzuki, M&M, Cummins India, Sai Life Sciences, among others.
The Federal Reserve Chief Powell’s remark at Jackson Hole that the current factors warrant policy adjustment spurred the bulls on August 25.
Gold rate today: Yellow metal's October contracts on the MCX opened at Rs 1,00,195 per 10 grams today.
Indian markets stayed buoyant on August 25, with Sensex and Nifty edging higher on hopes of a US Fed rate cut and broad-based buying across sectors. IT and metal stocks outperformed, even as analysts flagged potential volatility from upcoming tariff deadlines and macro data.
In the near term, three factors will guide market direction: the Fed’s September decision, the trajectory of FII flows, and the outcome of a possible trade deal with the US as the August 27 deadline approaches.
In practical terms, the global market is now factoring in a 25 basis point cut by the Fed in September.
The most eye-catching event arrives in November when electric two-wheeler maker Ather Energy sees its six-month lock-in end.
BSE Midcap and Smallcap indices ended flat. On the sectoral front, IT index rose 2.4%, Realty index added 0.7%, metal index jumped 0.6%. Infosys, TCS, HCL Technologies, Wipro and IndusInd Bank were among major gainers on the Nifty, while losers were Apollo Hospitals, Nestle India, Bharat Electronics, Adani Enterprises and SBI Life.
All eyes now turn to the US Core PCE data, which is expected to rise 0.3 percent MoM in July, pushing the annual rate to 2.9 percent from 2.8 percent, further away from the Fed’s 2 percent target.
M&M, Bharat Electronics, Maruti Suzuki, Bharti Airtel, Titan Company were among major gainers on the Nifty, while losers were Asian Paints, Grasim Industries, Adani Enterprises, Hero MotoCorp, UltraTech Cement.
After rising for six consecutive sessions, bears pulled Nifty 50 below its psychological support of 25,000, while Sensex sank 700 points in trade.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 99,301 per 10 grams today.
Grasim, Adani Enterprises, Asian Paints, Hero MotoCorp, and JSW Steel were the major laggards on the index.
Divis Laboratories share price: The company is expected to remain a critical API supplier for Entresto, which is the single-largest product in its Custom Synthesis portfolio.
SBI Life Insurance, Grasim, Hero MotoCorp, Asian Paints, and HCL Tech were the major laggards.
Indices gained on Thursday, lifted by pharma, oil & gas and banking stocks. The midcap and smallcap index, however, broke their three-day rally to end lower
M&M, Bharat Electronics, Maruti Suzuki, Bharti Airtel, Titan Company were among major gainers on the Nifty, while losers were Asian Paints, Grasim Industries, Adani Enterprises, Hero MotoCorp, UltraTech Cement. Among sectors, media index rose 1%, and pharma index added 0.4%, while metal, IT, FMCG, oil & gas, PSU Bank, Private Bank, realty fell 0.5-1%. BSE Midcap and Smallcap indices ended lower.
More than 120 stocks touched their 52-week highs on the BSE, including KIOCL, Lemon Tree, India Cements, JM Financial, L&T Finance, Sai Life Sciences, Nippon Life India Asset Management, Asahi India, Apollo Hospitals, HDFC AMC, UltraTech Cement, Godfrey Phillips, Fortis Healthcare, Marico, among others.
Cipla, Dr Reddy's, ICICI Bank, Bajaj Finserv, and SBI Life Insurance were the top gainers on the Nifty.
Gold rate today: Gold's October contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 99,159 per 10 grams today.
Dr Reddy's, Cipla, Reliance Industries, Larsen & Toubro, and Bajaj Finserv were the top gainers on the Nifty.
