The Nifty continues to exhibit confusion at higher levels, as the index closed flat with wicks on both the upper and lower sides, indicating extended indecisiveness. This is highlighted by two consecutive doji-like candles following the recent rally on the daily timeframe.

A decisive move above 25,100, or a close above this level, could confirm a further rally in the market. Otherwise, Nifty may slip lower, as the absence of sustained buying might trigger selling pressure. The immediate support is placed at 24,800.

Views by: Rupak De, Senior Technical Analyst, LKP Securities

3:56 PM

Stock Market Expert View :: 'Investors are giving more emphasis to defensive bets'

A consolidation in the US 10-yr bond yield and an inflow of FIIs kept the domestic market sentiment optimistic. However, valuation remains a near-term deterrent, which will be further tested based on the upcoming India Q1 FY25 GDP data this week.

On the other hand, investors are giving more emphasis to defensive bets, which is evident with the outperformance in IT and pharma stocks.

Views by: Vinod Nair, Head of Research, Geojit Financial Services

3:49 PM

Rupee Update :: Rupee weakens 4 paise vs US dollar

>> Rupee ends at 83.96 per US dollar on Wednesday vs Tuesday's close of 83.92/$

3:46 PM

Stock Market Closing Bell LIVE Updates :: BSE SmallCap index slips on Wednesday

>> While the BSE MidCap index added barely0.04 per cent, the BSE SmallCap index slipped 0.12 per cent today

3:43 PM

Stock Market Closing Bell LIVE :: Only IT, Pharma indices eked out gains

>> Most sectoral indices nursed losses on Wednesday, Aug 28

>> Nifty Media index fell the most, down over 1 per cent, followed by Nifty PSU Bank, and FMCG indices (0.4 per cent each)

3:40 PM

Stock Market Closing Bell LIVE Updates :: Only 11 stocks end higher led by Airtel, Infy

>> 11 stocks settled higher on Wednesday led by Bharti Airtel, Infosys, IndusInd Bank, and Sun Pharma

>> Among losers, Asian Paints, Maruti Suzuki, Nestle India, Kotak Bank, SBI, and Axis Bank weighed

3:39 PM

Stock Market Closing Bell LIVE Updates :: Nifty holds 25,000 at close, hits record high intraday

>> NSE Nifty50 hit a record high of 25,129.60 intraday

3:35 PM

Stock Market Closing Bell LIVE Updates :: Fag-end selling hits markets; Sensex ends nearly flat

The BSE Sensex ended at 81,785.56, up 73.80 points or 0.09%.

>> The index hit a high of 82,039 in the intraday trade

3:00 PM

Stock Market LIVE Updates: Lupin announces update on share allotment; stock up 1.66%

Lupin has informed the exchnage that the Allotment Committee of Directors at its meeting held today i.e., on August 28, 2024, allotted 121150 fully paid-up equity shares of Rs 2/- each. These shares have been allotted upon exercising of vested options granted to the employees under Stock option plans of the Company.

"In view of the above, the issued and paid-up capital of the Company has been increased to Rs 91,22,74,838 consisting of 45,61,37,419 equity shares of Rs 2/- each," Lupin said in regulatory filing.

2:43 PM

Stock Market LIVE Updates: NBCC shares hit 52-week high

Shaes of state-owned NBCC climbed 18 per cnet to hit a 52-week high of Rs 209.75 on the BSE. The cpmpany' stock continue to march northward on the bourses.

2:29 PM

Stock Market LIVE Updates: JBM Auto climbs 6% on signing pact with LeafyBus to supply 200 e-buses

Shares of JBM Auto jumped as much as 5.97 per cent to hit an intraday high of Rs 2,011.85 per share on Wednesday, August 28, 2024. The rise in JBM Auto share price came after its subsidiary JBM Electric Vehicles inked a pact with LeafyBus to supply 200 electric intercity luxury buses. READ MORE

2:27 PM

Stock Market LIVE Updates: Zomato completes acquisition of OTPL, and WEPL

Food delivery major Zomato has informed the exchanges that it completed the acquisition of OTPL and WEPL on August 27, 2024. The company had earlier, on yesterday, August 26, announced that it had entered into a Share Purchase and Subscription Agreement with One 97 Communications, WEPL, and OTPL, to, inter alia, acquire the entertainment ticketing business of OCL, OTPL, and WEPL.

2:19 PM

Stock Market LIVE Updates: How to trade Reliance stock ahead of its AGM on Aug 29? Key levels here

Stock Market LIVE Updates: Shares of Mukesh Ambani-led Reliance Industries (RIL) are in focus ahead of the company's 47the Annual General Meeting (AGM) scheduled for Thursday, August 29, 2024, at 2 PM Indian Standard Time (IST).

At 1:10 PM on August 28, Reliance stock traded nearly flat at Rs 3,003. The stock had hit a high of Rs 3,015 and a low of Rs 2,985, and had seen trades of around 29,000 shares on the BSE thus far. In comparison, the BSE Sensex was up 0.3 per cent or 250 points at 81,960 levels. READ MORE

2:15 PM

Stock Market LIVE Updates: Zee-Sony settlement removes overhang but outlook stays uncertain: Analysts

Stock Market LIVE Updates: Even as the settlement of merger dispute between Zee Entertainment Enterprises (ZEEL) and Culver Max Entertainment, operating as Sony Pictures Networks India (SPNI), has removed a key overhang over ZEE, the share price is unlikely to be re-rated anytime soon, analysts cautioned on Wednesday.

Any meaningful re-rating, they said, should happen in case ZEE finds a new partner or strategic investor. READ MORE

2:11 PM

Stock Market LIVE Updates: Nifty hits new record high, Sensex above 82,000

Stock Market LIVE Updates: Indian benchmark indices BSE Sensex and Nifty 50 were trading at elevated levels on Wednesday.

Arond 2:00 PM, The Nifty 50 hit a fresh record high at 25,123.45, after climbing 0.42 per cent from the previous day's close, while the BSE Sensex was trading at 81,992.94, up 0.3 per cent.

Stock Market LIVE Highlights on Wednesday, August 28, 2024: Benchmark equity indices, S&P BSE Sensex and NSE Nifty50, ended Wednesday's choppy session on a flat note.

After scaling a record high of 25,129.60 during intraday trade, Nifty50 took a retreat to settle at 25,052.35, up merely 34.60 points or 0.14 per cent. The 30-share Sensex ended at 81,785.56, up merely 73.80 points or 0.09 per cent from its previous close.

As many as 29 out of 50 listed stocks of Nifty50 ended in the red, with Maruti Suzuki India, Adani Enterprises, Asian Paints, Shriram Finance, and Britannia Inudustries being the top laggards with a fall of up to 1.34 per cent.

From the BSE space, 20 out of 30 constituent stocks of Sensex ended lower, dragged by Asian Paints, Maruti Suzuki India, Nestle India, and Kotak Mahindra Bank, with a fall of up to 1.24 per cent.

Broader indices, too, ended lower, with Nifty Midcap 100 posting a fall of 0.12 per cent. Among the sectors, IT shares outperformed the others, with the Nifty IT index ending higher by 1.64 per cent, led by Wipro, and LTIMindtree.

Among the other sectoral indices, Pharma, and Healthcare managed to eke out some gains of up to 1.20 per cent, while the remaining ended in the red on Wednesday.

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Topics :MARKET WRAP MARKET LIVE S&P BSE Sensex Nifty50 BSE NSE equity MARKETS TODAY share market Global stock markets stock markets Indian stock markets US stock markets

First Published: Aug 28 2024 | 8:05 AM IST

Stock Market Highlight, Aug 28: Sensex ends flat, Nifty shields 25k after scaling new high; IT leads

Stock Market Highlights on Aug 28, 2024: As many as 29 out of 50 listed stocks of Nifty50 ended in the red, dragged by Adani Enterprises, Asian Paints, and Maruti Suzuki India

Key Events

Stock Market Expert View :: 'Decisive close above 25,100 could confirm further rally in Nifty'