Sensex, Nifty end flat; Adani Ports gains 4%, Bajaj Finserv declines 3%

The Nifty IT index put up a strong show with a 0.7 per cent gain while the Nifty Realty index slipped 0.8 per cent.

4:13 PM

CLOSING COMMENTS :: Vinod Nair, Head Of Research at Geojit Financial Services

Market opened positively but main indices closed on a flattish note due to muted performance by large caps. The broad market was more positive, as Midcaps bounced after the correction mode during the month, which lifted the morale of investors. The global market traded positive on Covid vaccine approval and in anticipation of a dovish comment by the Fed chair in the upcoming meeting (Jackson Hole).

4:13 PM

TECH VIEW :: Rohit Singre, Senior Technical Analyst at LKP Securities

Index took hurdle from its previous swing high & saw profit booking resulting index closed a day at 16635 on a flattish note. For further northward move, index need to sustain above 16700 zone or else we may see more profit booking towards immediate support zone of 16600-16500 also dips will be suggested around said levels with keeping strict stop out level below 16500 zone, above 16700 we may see a quick move towards next hurdle zone of 16800.

4:12 PM

Adani Ports up 3% on nod to acquire 10% stake in Gangavaram Port

>> The company's proposal to acquire 10.4 per cent stake for Rs 644.78 crore of Gangavaram Port from the Andhra Pradesh government has received approval from the state's maritime board. The transaction is expected to complete within a month.

4:05 PM

Allied Digital locked in 10% upper circuit on bagging Rs 650 crore contract

3:59 PM

TCS hits new high in trade today, m-cap zooms past Rs 13.5 trillion

3:56 PM

Bajaj Finserv reverses gains after hitting new high, ends over 3% down

>> The stock hit a new high of Rs 16807.60 in early trade

3:51 PM

SECTOR WATCH :: IT, FCMG & Metal indices only sectoral gainers on NSE

3:41 PM

BSE MIDCAP index rises over 0.50%; HAL best gainer

3:40 PM

BSE SMALLCAP index jumps 0.68%, beats benchmark Sensex

3:37 PM

Sensex Heatmap | Top gainers & losers at close

>> Only 9 of 30 Sensex stocks end in the green

>> IT, FMCG names lead gainers

3:35 PM

CLOSING BELL :: Sensex ends 2-day winning run; Nifty ekes 10-pt gain

After hitting respective all-time highs in trade earlier, both benchmarks - BSE Sensex & NSE Nifty - earsed most gains to end flat amid profit taking in private lenders, Titan and Maruti. The BSE Sensex shed 15 points or 0.03% to close at 55,944. It hit a new peak of 56,198. The NSE Nifty settled the day at 16,635, up 10 points or 0.06%. It touched a new high of 16,712. 

3:15 PM

WATCH :: Taper tantrum worries return to Street; where to invest?

3:04 PM

ALERT :: Cipla enters JV with Kemwell Biopharma

>> Cipla Limited has entered into a joint venture agreement with Kemwell Biopharma Private Limited on 25th August, 2021 for incorporation of a joint venture company for undertaking the business of developing, applying for and obtaining licenses for and manufacturing, commercialising, importing and exporting biologic products and licensing or outsourcing of any or all such activities. READ HERE

 

2:48 PM

Linde India hits new high, zooms 34% in two days

The trading volumes on the counter jumped five-fold, with a combined around 3 million equity shares having changed hands on the NSE and BSE till 02:31 pm. In the past eight trading days, the market price of Linde India has zoomed 52 per cent, as compared to a 2 per cent rise in the S&P BSE Sensex during the same period. READ MORE

2:35 PM

VC firm Prime announces 4th fund of $100 mn with first close of $75 mn

It will continue to focus on being the first institutional investor, maintaining its high-conviction and deep-support investing model in early-stage technology startups. In addition to existing focus areas of fintech, edtech, healthtech, consumer internet and global SaaS, the firm expects to expand into new areas. These include decentralised finance (DeFi)/crypto, electric vehicle, and gaming infrastructure platforms. READ MORE