Stock Market Highlights, Aug 27: Sensex, Nifty end flat; Smallcap shares shine; ZEE soars 11.5%
Stock Market highlights on Tuesday, August 27: 31 out of 50 listed stocks of Nifty50 ended lower, dragged by Titan Company, Hindustan Unilever, JSW Steel, Coal India, and Grasim
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Stock Market Highlights on Tuesday, August 27: Benchmark equity indices ended Tuesday's trading session on a flat note. The BSE Sensex settled at 81,711.76, up 13.65 points or 0.02 per cent, while Nifty50 ended merely 7.15 points or 0.03 per cent higher at 25,017.75.
31 out of 50 listed stocks of Nifty50 ended lower, dragged by Titan Company, Hindustan Unilever, JSW Steel, Coal India, and Grasim with a loss of up to 2.04 per cent.
While from the BSE Sensex, 19 out of 30 listed stocks ended in red, with Hindustan Unilever, JSW Steel, and Titan Company being the top laggards with a loss of up to 2.01 per cent.
31 out of 50 listed stocks of Nifty50 ended lower, dragged by Titan Company, Hindustan Unilever, JSW Steel, Coal India, and Grasim with a loss of up to 2.04 per cent.
While from the BSE Sensex, 19 out of 30 listed stocks ended in red, with Hindustan Unilever, JSW Steel, and Titan Company being the top laggards with a loss of up to 2.01 per cent.
Among the broader indices, Nifty Smallcap 100 index outperformed others and ended with a gain of 1.05 per cent.
Meanwhile, Media and Financial Services were the leading gainers among sectors with a rally of up to 4.10 per cent, while FMCG, Metal, Auto, and Consumer Durables ended lower on Tuesday.
4:01 PM
Tech View: 'Nifty is likely to remain range-bound or might experience a slight dip in near term'
-The sentiment has entered an indecisive phase as the Nifty closed with a Doji pattern on the daily chart. The significant presence of both call and put option writers at the 25,000 strike price strengthens the technical setup.
- As a result, the Nifty is likely to remain range-bound or might experience a slight dip in the near term. On the lower end, 24,800 could act as immediate support, while a rise above 25,100 might push the Nifty towards 25,300.
Views by- Rupak De, Senior Technical Analyst, LKP Securities
3:59 PM
Views by: Vinod Nair, Head of Research, Geojit Financial Services.
'Domestic market witnessed profit-booking near record highs'
- The domestic market witnessed profit-booking near record highs. While the positive expectations regarding a potential rate cut by the Fed in September remain, the recent geopolitical tensions and rising crude oil prices have made investors cautious amid high valuations.
- IT and financial stocks continued to perform well, whereas FMCG and metal stocks saw declines. Further, the recent shift in FII stance towards the domestic market and the anticipation that the RBI will align with the Fed’s actions are expected to foster a positive outlook in the near term.
- IT and financial stocks continued to perform well, whereas FMCG and metal stocks saw declines. Further, the recent shift in FII stance towards the domestic market and the anticipation that the RBI will align with the Fed’s actions are expected to foster a positive outlook in the near term.
Views by: Vinod Nair, Head of Research, Geojit Financial Services.
3:56 PM
Sector Update: Media, Financial Services lead gains
Media, and Financial Services led gains among sectors with a rally of up to 4.10 per cent.
3:51 PM
Broader markets close higher; Nifty Smallcap rises 1.05%
Broader markets settled higher, with gains led by Smallcap shares, as the Nifty Smallcap 100 index ended higher by 1.05 per cent.
3:48 PM
Index heatmap check: JSW Steel, Hindustan Unilever, and Titan Company among top laggards
Bajaj Finserv, Maruti Suzuki, and Larsen & Toubro among top gainers today.
3:44 PM
Stock Market Closing Bell: Nifty holds 25k levels ends at 25,017.75
Nifty50 settled merely 7.15 points or 0.03 per cent higher at 25,017.75.
3:41 PM
Stock Market Closing Bell: Sensex settles flat at 81,711.76 levels
Sensex ended at 81,711.76, up 13.65 points or 0.02 per cent.
3:24 PM
USFDA approval sends this multibagger pharma stock to 52-week high
Shares of pharmaceutical company Shilpa Medicare climbed 9 per cent to hit a 52-week high of Rs 798 during intra-day deals on the BSE on Tuesday. The northward surge in the stock price is attributed to the news that the company has received approval from the US Food and Drug Administration (USFDA) for its product, 'Bortezomib Injection NDA 212782'. READ MORE
3:23 PM
Tata Group shares in focus; Tata Investment, Elxsi, TTML rally up to 20%
Shares of Tata Group companies are in focus, and rallied by up to 20 per cent on the BSE in Tuesday’s intra-day trade amid heavy volumes. Tata Investment Corporation, Tata Elxsi, Tata Teleservices (Maharashtra), TRF, Nelco, Rallis India, Tejas Networks, and Tata Technologies rallied between 4 per cent to 20 per cent. However, Tata Motors, Titan Company, Trent, and Tata Consultancy Services are trading lower by up to 2 per cent on the BSE. In comparison, the BSE Sensex was up 0.18 per cent at 81,846 at 02:02 pm. READ MORE
3:05 PM
Stock Market LIVE Updates: Sensex in green, Nifty continues to hold 25,000
The benchmarks BSE Sensex and Nifty50 were trading higher at 3:00 PM. The BSE Sensex was up 50.22 points or 0.06 per cent at 81,748.82, while the Nifty50 was trading 13.70 points or 0.05 per cnet higher at 25,024.90 levels.
2:47 PM
Stock Market LIVE Updates: DEE Development Engineers shares soar on order win from L&T's unit
Share price of DEE Development Engineers soared up to 3.1 per cent at Rs 362 per share on the BSE in Tuesday’s intraday deals. This positive performance followed the company securing a purchase order worth Rs 26.58 crore from L&T Energy Hydrocarbon, a division of Larsen & Toubro Ltd. The order involves piping spool fabrication, including NDT, PWHT, blasting, and painting. READ MORE
2:39 PM
Stock Market LIVE Updates: SBI Card, Usha Martin: These 3 stocks crossed 200-DMA; what to expect next?
A total of 427 out of the Nifty 500 stocks are seen trading above their respective 200-DMA (Daily Moving Average) also known as the long-term moving average. The 200-DMA, in general, is considered by stock market traders as a key indicator in determining the overall trend of the stock or underlying index. READ MORE
2:25 PM
Stock Market LIVE Updates: Dee Development Engineers bags purchase order from L&T Energy Hydrocarbon; stock up
Stock Market LIVE Updates: Dee Development Engineers secured a purchase order worth Rs 27 crore from L&T Energy Hydrocarbon.
2:16 PM
Stock Market LIVE Updates: Adani Power shares surge after incorporating new unit
Stock Market LIVE Updates: Adani Power’s share price surged 1.56 per cent at Rs 671.75 per share on the BSE in Tuesday’s intraday deals. This came after Adani Power incorporated a wholly owned subsidiary ‘Adani Power Middle East " in Abu Dhabi on August 26, 2024, the company disclosed in an exchange filing. READ MORE
2:03 PM
Stock Market LIVE Updates: Nifty 50 near all-time highs at 25,065, Sensex 160 points up
Stock Market LIVE Updates: The benchmarks BSE Sensex and Nifty 50 were trading higher at 2:00 PM.
The BSE Sensex was up 0.15 per cent at 81,822, while the Nifty 50 was trading 0.14 per cent higher at 25,046 levels.
Topics : MARKET WRAP MARKET LIVE MARKETS TODAY BSE NSE equity S&P BSE Sensex Nifty50 Global stock markets Domestic markets stock market trading BSE stocks IPO Calendar US market Asia Markets india market
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First Published: Aug 27 2024 | 7:09 AM IST
