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Sensex, Nifty end in the green for 3rd day; all but banking stocks rally

Closing Bell on August 30, 2023: SBI, ICICI Bank, HDFC Bank, Bajaj Finance, IndusInd Bank, NTPC, Kotak Bank, and Bajaj Finserv fell up to 1.4 per cent

SI Reporter New Delhi
Stock brokers

1 min read Last Updated : Aug 30 2023 | 4:17 PM IST

Key Events

4:14 PM

COMMENT:: Mid-, Small-caps displayed resilience amid change in market dynamics

""Positive sentiment initially propelled domestic equities, buoyed by softer US labour market data that caused a retreat in US bond yields, alleviating concerns about rate hikes. This positive outlook was reinforced by Chinese banks' move to reduce existing mortgage rates, favourably impacting Indian metal stocks. However, gains were tempered as the day progressed, primarily due to weakness in global markets attributed to lacklustre economic data from Europe. Banking stocks bore the brunt of this downturn, while mid- and small-cap segments displayed resilience amid the market dynamics."
 
- Vinod Nair, Head of Research at Geojit Financial Services

4:13 PM

Zomato jumps over 5% amid 100-mn share block deal


4:11 PM

Shakti Pumps zooms 20% on winning Rs 358 cr-order from Haryana government

The company received its first work order under the KUSUM-3 scheme from Haryana Renewable Energy Department (HAREDA) for 7,781 pumps. READ MORE


4:09 PM

Mahindra Lifespace hits new high on growth optimism

Knight Frank India, in association of NAREDCO has projected India’s real estate sector to expand to $5.8 trillion and contribute 15.5 per cent to the total economic output by 2047. READ MORE


4:07 PM

Stock of this smallcap commercial vehicle company has zoomed 50% in 6 days

Atul Auto was locked in the 10-per cent upper circuit at Rs 570.40 on the BSE with a combined 1.4 million shares having changed hands in trades. READ MORE


4:06 PM

Jio Financial hits 5% upper limit; gains 10% in two days post RIL AGM

Jio Financial to partner foreign firms for insurance foray, Mukesh Ambani said at the 46th RIL AGM. READ MORE

4:04 PM

M&M gains 5% in 3 days, nears record high on margin improvement hopes

Analysts believe the auto segment is expected to drive its operating performance in the coming years due to increasing volumes going ahead. READ MORE


4:03 PM

BPCL, IOC, HPCL stocks slide up to 3% on reports OMCs may bear LPG subsidy cost

The move is also sentimentally negative for OMC stocks as investors fear that price cuts on petrol and diesel could be next in line ahead of the assembly and general elections. READ MORE


4:01 PM

Surya Roshni hits record high, surges 9% on healthy business outlook

The steel tubes and pipes manufacturer aims to maintain a positive export momentum of value-added products, particularly API pipes, to various regions, despite facing geopolitical challenges. READ MORE

3:59 PM

Hotel stocks in focus; Indian, EIH, Chalet hit new highs, surge up to 7%

Shares hotel companies were on a roll on Wednesday, hitting their respective new highs and surging up to 7 per cent on the BSE in the intraday trade, on healthy business outlook. READ MORE

3:56 PM

Bank Nifty slips 0.6%; Bandhan Bank dips 2%, SBI 1%

3:55 PM

Nifty Realty index gains 1.4%; Prestige, Mahindra Life rally over 4%


3:53 PM

BSE Smallcap Heatmap:: Shakti Pumps, Uflex zooms 20%; Andhra Petro sheds 6%


3:49 PM

BSE Midcap Heatmap:: Indian Hotels, Jubilant Food shine; JSW Energy, HPCL decline


3:47 PM

SmallCaps outperform; India VIX dips 3.5%


Stock market highlights: Equity markets were range-bound on the penultimate day of the monthly F&O expiry with metals, IT, and select auto stocks holding the fort for the benchmark indices for better part of the day. Fag-end selling in banking stocks, however, trimmed gains.

The S&P BSE Sensex settled at 65,087 levels on Wednesday, up only 11 points or 0.02 per cent, after oscillating between 65,053 and 65,459 during the day.

The Nifty50, on the other hand, closed below the 19,350-mark at 19,347, up 5 points. The index was supported by Tata Steel, Maruti Suzuki, M&M, Infosys, HCL Tech, Tata Consumer Products, LTI Mindtree, ITC, and JSW Steel. 

On the flipside, SBI, ICICI Bank, HDFC Bank, Bajaj Finance, IndusInd Bank, NTPC, Kotak Bank, and Bajaj Finserv fell up to 1.4 per cent.

In the broader markets, the BSE MidCap and SmallCap indices continued to outshine their large-cap peers with up to 0.8 per cent gains.

Topics :MARKET LIVEMARKET WRAPIndian marketsMarkets Sensex NiftyBSE NSEFII flowsDIIsCrude Oil PriceRupee vs dollarstocks to watchBuzzing stocksGlobal Marketsstock market trading

First Published: Aug 30 2023 | 7:25 AM IST

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