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Stock Market Highlights, Aug 19: Mid, SmallCap indices outrun benchmarks; auto, private banks weigh

Stock Market Highlights on Monday, August 19, 2024: The BSE Sensex ended at 80,425, down 12 points or 0.02 per cent. Similarly, the NSE Nifty50 ended at 24,573, up 31.5 points or 0.13 per cent

SI Reporter New Delhi
share market live

1 min read Last Updated : Aug 19 2024 | 3:51 PM IST

Key Events

3:51 PM

Why did benchmarks underperform today?

The Indian market failed to catch up the initial gains as there is a degree of profit booking witnessed in auto stocks due to a slowdown in demand. However, oil stocks gained momentum with the reduction in windfall tax on crude oil. The recent healthy US economic data diminished the likelihood of a US recession, while a slide in the dollar index supported the hypothesis of a rate cut in the September FOMC meeting.
 
Views by: Vinod Nair, head of research, Geojit Financial Services.
 

3:46 PM

Tech View :: 'The Nifty remained rangebound throughout the day, appearing to pause before the next rally'

The Nifty remained rangebound throughout the day, appearing to pause before the next rally. The index closed above the recent consolidation for the second consecutive day. The trend likely favors the bulls as long as it stays above 24,300. On the higher end, the Nifty might move higher, with resistances placed at 24,750-24,800.
 
Views by: Rupak De, senior technical analyst, LKP Securities
 

3:38 PM

Sector Update: Nifty Metal was the top gainer

3:36 PM

Broader market closes higher; Nifty SmallCap jumps 1.7%

3:35 PM

Index heatmap check: Tata Steel was the top gainer, followed by TCS

3:33 PM

Stock Market Closing Bell: Nifty settles marginally higher, up 32 points

3:32 PM

Stock Market Closing Bell: Sensex settles flat at 80,424.68 levels

3:25 PM

Knowledge Marine & Eng stock soars 8% on new order win; check details here

Shares of Knowledge Marine and Engineering Works (KMEW) surged up to 7.59 per cent at Rs 1258.95 per share on the BSE in intraday deals. This came after the company bagged a work order from New Mangalore Port Authority (NMPT) on Monday. READ MORE
 

3:15 PM

Strides Pharma falls over 4% after USFDA gives VAI tag to Chennai facility

Shares of pharmaceutical company Strides Pharma Science fell 4.13 per cent to Rs 1,257 during intra-day trading on Monday. The drop came after Strides Alathur, a wholly-owned subsidiary of Strides Pharma Science, received an Establishment Inspection Report (EIR) from the US Food and Drug Administration (USFDA). READ MORE

3:00 PM

Aurobindo Pharma to commercialise China plant in 3rd quarter of FY25: CFO

Aurobindo Pharma expects its China facility to commence production in the next quarter with full-scale output anticipated only in the next fiscal year, according to Chief Financial Officer Santhanam Subramanian. READ MORE

2:49 PM

Upcoming IPO: Ethanol producer TruAlt Bioenergy files DRHP; details

TruAlt Bioenergy, a pioneering biofuel producer based in Bengaluru and one of the first companies to produce Compressed Bio-Gas (CBG) under the government's Sustainable Alternative Towards Affordable Transportation (SATAT) initiative, has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an Initial Public Offering (IPO). READ MORE

2:34 PM

This Dolly Khanna-owned stock has zoomed 98% in 4 weeks, trades at new high

Shares of Pondy Oxides and Chemicals (POCL), India’s leading recycling and manufacturing company, hit a new high of Rs 1,735, as they rallied 17 per cent on the BSE in Monday’s intra-day trade amid heavy volumes. In the past two trading days, the stock price of this smallcap company has surged 28 per cent. READ MORE

2:17 PM

Incremental deposit growth outpaced credit growth since FY22: SBI Research

Amid concerns from the Reserve Bank of India (RBI) about the slow pace of deposit growth and the risks of credit growth trailing behind deposits, SBI Research reported on Monday that incremental deposit growth, at Rs 61 trillion, has exceeded incremental credit growth of Rs 59 trillion since FY22. READ MORE

2:10 PM

Here's why Techno Electric stock is locked in 5% upper circuit on August 19

Shares of Techno Electric and Engineering Company were locked in 5 per cent upper circuit at Rs 1729.25 per share on August 19, 2024. READ MORE 

1:57 PM

TMB rallies 4% following RBI approval of Salee Sukumaran Nair as MD, CEO

Tamilnad Mercantile Bank (TMB) shares surged up to 4.35 per cent at Rs 470.80 a piece on the BSE during intraday trading on Monday. This came after the Reserve Bank of India (RBI) approved the appointment of Salee Sukumaran Nair as the Managing Director & Chief Executive Officer of the Bank. READ MORE
 

Stock Market Highlights today, Monday, August 19, 2024: After clocking a strong start, benchmarks -- BSE Sensex and NSE Nifty50 -- ended flat on Monday amid tepid trade across sectors.
The BSE Sensex ended at 80,425, down 12 points or 0.02 per cent. Similarly, the NSE Nifty50 ended at 24,573, up 31.5 points or 0.13 per cent. 
The gains on the benchmarks were led by Hindalco, BPCL, Shriram Finance, Tata Steel, LTIMIndtree, Coal India, ONGC, and Dr Reddy's Labs. These stocks gained in the range of 1.8 per cent to 4 per cent. 
On the downside, M&M, IndusInd Bank, Bajaj Auto, Axis Bank, SBI Life, and Tata Motors fell up to 2.5 per cent.
The broader markets, however, maintained their sheen with the BSE MidCap adding 0.53 per cent and the BSE SmallCap rising over 1.13 per cent.
Among sectors, the Nifty Auto index fell 0.9 per cent, followed by the Nifty Private Bank index (down 0.5 per cent). On the upside, the Nifty Metal, and PSU Bank indices edged 1.87 per cent and 1.2 per cent higher, respectively. 

Topics :MARKET WRAPMARKET LIVEshare marketIPOsIndian stock exchangesIndian stock marketsMARKETS LIVENifty50S&P BSE SensexBSE stocksBuzzing stocks

First Published: Aug 19 2024 | 7:52 AM IST

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