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.
Nearly 120 stocks touched their 52-week highs on the BSE, including Sai Life Sciences, Paytm, Indian Bank, Fortis Healthcare, Nuvoco Vistas, Delhivery, eClerx Services, among others.
The rebound came after last week’s tariff-driven volatility, which had dragged the Nifty to a three-month low and marked its longest weekly decline in five years
Dalal Street opened the August 11 session on a tepid note, as volatility spiked amid rising concerns on Trump's tariffs, a weak earnings season and FII outflows.
Frontline equity indices Nifty 50 and Sensex are likely to see a muted open in trade on Monday, August 11, as investor sentiment remains cautious.
Biggest Nifty gainers were Adani Enterprises, Tata Motors, Eternal, Grasim Industries, Apollo Hospitals, while losers included Hero MotoCorp, Bharat Electronics, Bharti Airtel. BSE Midcap index added 0.8 percent and Smallcap index rose 0.35 percent. Except consumer durables, all other sectoral indices ended in the green with pharma, metal, auto, oil & gas, PSU Bank and realty up 0.5-2 percent.
Of the 743 companies, more than 82 percent or 614 entities are small caps. Mid-caps account for 95 companies, while 34 large-cap stocks, typically considered safer bets, have also shed more than half their value.
Looking ahead, commodity markets moves could be influenced by the outcome of the US-China trade deal, with their 90-day truce deadline approaching on August 12, as well as the potential Trump-Putin meeting.
Forex traders said rupee is trading in a narrow range amid extended weakness in the domestic equities and foreign fund outflows may also weigh on the domestic currency.
For the week, BSE Sensex and Nifty down nearly a percent each. Both indices were down for 6th week in a row, the longest losing streak in 5 years.
Laggards on the Nifty included Adani Enterprises, Bharti Airtel, Shriram Finance, IndusInd Bank, and Hindalco.
Gold rate today: Gold's October contracts on MCX hit an all-time high of Rs 1,02,250 per 10 grams today.
Gold futures with October expiry on MCX hit a lifetime high of Rs 1,02,250 for 10 grams
Biggest Nifty losers included Adani Enterprises, Bharti Airtel, Shriram Finance, IndusInd Bank, M&M, while gainers were Titan Company, NTPC, Dr Reddy's Labs, HDFC Life, Bajaj Finserv. All the sectoral indices ended in the red with metal, realty, pharma, auto, private bank, consumer durables down 1-2 percent. BSE Midcap index fell 1.5 percent and smallcap index shed 1 percent.
Gold rate today: Yellow metal's October contracts on the MCX opened at Rs 1,01,361 per 10 grams today.
More than 100 stocks touched their 52-week highs on the BSE, including Fortis Healthcare, Delhivery, JSW Steel, TVS Motor, JK Cement, Sarda Energy, Godfrey Phillips, among others.
The direct impact of Trump's tariffs on listed market earnings is limited, noted brokerages, although exports to the U.S. will be strongly impacted.
Indian indices traded lower at noon, with broad-based declines across sectors and only media stocks bucking the trend as Trump's tariffs weighed on sentiment.
Laggards on the index included Tata Motors, Kotak Mahindra, Jio Financial Services, Coal India, and Tata Steel.
Foreign Portfolio Investors (FPIs) were net sellers to the tune of Rs 4,999 crore worth of shares in Indian equities, while domestic institutional investors (DIIs) net bought Rs 6,794 crore worth of shares
Top Nifty gainers were Hero MotoCorp, Tech Mahindra, Wipro, Eternal, JSW Steel, while losers included Adani Enterprises, Adani Ports, Trent, Tata Motors and Grasim Industries. BSE Midcap index up 0.3 percent and smallcap index ended on flat note. All the sectoral indices recovered most of the intraday losses with IT, media, pharma rising 0.5-1 percent.
Except PSU Bank (up 0.6 percent), all other sectoral indices ended in the red with Information Technology, Media, Realty, Pharma, FMCG down 1-2 percent.
Markets slipped into the red in afternoon trade as the RBI's policy decision and renewed US tariff threats weighed on investor sentiment.
