F&O Expiry: 25 of the 30 Sensex constituents and 34 of the 50 Nifty constituents ended in the negative territory including Adani Ports, Bajaj Finance, IndusInd Bank, Infosys, TCS, Axis Bank, and HDFC

Sensex tanks 709 pts from day's high, ends 311 pts down; Nifty holds 17,500

<div>
	<b>CLOSING BELL</b><br />
	<br />
	<strong>Stock market highlights:&nbsp;</strong>&nbsp;Equity gains evaporated in the fag-end of the session as investors adjusted their positions amid the F&O expiry for the August derivatives series. The S&P BSE Sensex tumbled 709 points from the day&#39;s high and closed at 58,775, down 311 points or 0.53 per cent.<br />
	<br />
	The Nifty50 index, too, closed 83 points, or 0.47 per cent, lower at 17,522. It had touched a high of 17,727 during the day.<br />
	<br />
	25 of the 30 Sensex constituents and 34 of the 50 Nifty constituents ended in the negative territory including Adani Ports, Bajaj Finance, IndusInd Bank, Infosys, NTPC, TCS, Axis Bank, PowerGrid, and HDFC. The gainers, meanwhile, were Shree Cement, Divis Labs, Hindalco, Eicher Motors, HDFC Life, Grasim, and SBI Life. Among heavyweights, Maruti Suzuki, SBI, Titan, Wipro, and Dr Reddy&#39;s Labs held tepid gains.<br />
	<br />
	The broader markets, however, held upbeat momentum with the BSE MidCap and SmallCap indices settling up to 0.2 per cent higher. Among sectors, all but the Nifty PSU Bank (up 2.74 per cent) and Realty (up 1.47 per cent) indices closed in the negative zone.&nbsp;<br />
	<br />
	<strong>Nifty PSU Bank index has more upside</strong>
	<div>
		With the pick-up in market momentum, and improved economic outlook, shares of public sector banks have staged a smart comeback on the bourses. The PSU Bank index has jumped 16 per cent over the past three months, as against a 9-per cent rally in the benchmark Nifty50 index. Going ahead, analysts see more legs in this rally. <a href="https://www.business-standard.com/article/markets/after-16-jump-in-3-months-analysts-see-more-upside-in-nifty-psb-index-122082500546_1.html" target="_blank"><strong>READ MORE</strong></a></div>
</div>
<br />
<strong>DreamFolks Services IPO</strong><br />
At 3:30 PM, the three-day issue of DreamFolks Services was subscribed nearly 5x with the retail portion seeing a subscription of 17 times. The NII and QIB quota, meanwhile, was subscribed 5.5 times and 0.57 times, respectively.<br />
<br />
The grey market premium of the stock has jumped nearly 15 per cent after the issue&#39;s strong demand. <a href="https://www.business-standard.com/article/markets/dreamfolks-services-ipo-grey-market-premium-jumps-15-on-strong-demand-122082500579_1.html" target="_blank"><strong>READ MORE</strong></a>

STOCK MARKET LIVE: Nifty, Sensex, BSE, NSE, Inflation, Jackson Hole, Crude oil

Business Standard

STOCK MARKET LIVE: Nifty, Sensex, BSE, NSE, Inflation, Jackson Hole, Crude oil | News on Markets - Business Standard

STOCK ALERT | Singtel to sell 3.3% stake in Airtel to Bharti Telecom

<div>
	&lt; To further strengthen its shareholding in Airtel, Singtel and its affiliates will transfer 3.33% stake to Bharti Telecom for an aggregate amount of Rs 12,900 crore, leaving direct shareholding of Singtel and Bharti in Airtel at 10% and ~6% respectively.<br />
	<br />
	&lt; The acquisition is to be completed over a period of 90 days.</div>
<div>
	<br />
	&lt; Bharti and Singtel have agreed to work towards equalizing their stake in Airtel over a period</div>
<div>
	of time.&nbsp;</div>

DIIs sell equities worth Rs 322 crore on Wednesday

FII inflow moderates on Wednesday, buys only Rs 23.19 crore worth of equities

SGX Nifty signals positive start, up 100 points on the Nifty50

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16613961309683.png

Asia-Pacific markets trade mixed: Japan's Nikkei 225 up 0.5%

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16613958972478.png

US markets snap three-day slump on Wednesday

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16613958393537.png

Good morning readers! Catch all live market updates here with Business Standard

Stay tuned for all the live market action and more!