Stock Market Highlights, Aug 7: Sensex climbs 875 pts; Nifty ends at 24,297; Mid, smallcaps outrun
Stock Market Highlights on August 7: As many as 44 out of 50 constituent stocks of the Nifty50 ended higher, with ONGC, Coal India, Adani Enterprises, and Adani Ports gaining up to 7.45 per cent
 "Photographer: Dhiraj Singh/Bloomberg")
Photographer: Dhiraj Singh/Bloomberg
Stock Market Highlights on Wednesday, August 7, 2024: Equity benchmark indices, the BSE Sensex and NSE Nifty50, ended with gains of over 1 per cent each on Wednesday. The BSE Sensex jumped 874.94 points or 1.11 per cent to 79,468, while the NSE Nifty50 climbed 304.95 points or 1.27 per cent to 24,297.
As many as 44 out of 50 constituent stocks of the Nifty50 ended higher, with ONGC, Coal India, Adani Enterprises, and Adani Ports gaining up to 7.45 per cent. On the BSE, 25 out of 30 constituent stocks of the Sensex ended in the green, with gains led by Adani Ports, Power Grid, and JSW Steel of up to 3.42 per cent.
Among the broader indices, Nifty Next 50 led the gains with 3.01 per cent, followed by Nifty SmallCap 100 and Nifty MidCap 100 with 2.86 per cent and 2.45 per cent, respectively.
The fear index, India VIX, ended 13.72 per cent lower at 16.17 points.
All the sectoral indices also settled higher, with OMC, Media, Metal, Pharma, and Healthcare being the top contributors, registering gains of up to 3.06 per cent.
3:46 PM
Comment :: 'All eyes on the RBI policy now'
Global markets experienced a notable rebound after the BoJ's Deputy Governor reassured that the central bank would not raise interest rates during a period of financial instability. The Indian market also witnessed broad-based buying across sectors, with the Realty sector seeing a relief rally due to the reinstatement of indexation benefits. The carry trade issue appears to have been eased for now and the focus is on the ongoing RBI policy, which is likely to hold the rate and positive economic outlook.
Views by: Vinod Nair, Head of Research, Geojit Financial Services.
Views by: Vinod Nair, Head of Research, Geojit Financial Services.
3:44 PM
INDIA VIX ALERT :: India VIX cools off another 14% to settle around 16 levels
3:43 PM
Rupee Update :: Rupee eases slightly vs US dollar
3:42 PM
Broader markets :: MidCap, SmallCap indices rally over 2% each
3:41 PM
Sectoral trends :: Indian stock markets see broad-based gains
3:39 PM
Sensex Heatmap :: 25 of 30 index stocks settle higher
3:36 PM
Stock Market Closing Bell :: Nifty ends near 24,300
3:33 PM
Stock Market Closing Bell :: Sensex soars 875 pts on Wednesday
3:27 PM
3 stocks freeze in 20% upper circuit on strong June quarter results
Shares of Venky's India were locked in the upper circuit of 20 per cent at Rs 2,191.40 after the company reported profit after tax (PAT) of Rs 75.18 crore in Q1FY25, on the back of a decline in raw material cost. The company had posted a PAT of Rs 19.41 crore in the year-ago quarter (Q1FY24) and Rs 33.51 crore in the previous quarter (Q4FY24). READ MORE
3:17 PM
Jindal Saw to consider stock split on Aug 14; share price jumps over 8%
Shares of Venky's India were locked in the upper circuit of 20 per cent at Rs 2,191.40 after the company reported profit after tax (PAT) of Rs 75.18 crore in Q1FY25, on the back of a decline in raw material cost. The company had posted a PAT of Rs 19.41 crore in the year-ago quarter (Q1FY24) and Rs 33.51 crore in the previous quarter (Q4FY24). READ MORE
3:03 PM
June quarter results :: ABFRL's net loss widens to Rs 160 crore vs Rs 140 crore YoY
>> Ebitda at Rs 358 crore vs Rs 292 crore YoY
>> Ebitda margin expands to 10.46% vs 9.15% YoY
>> Ebitda margin expands to 10.46% vs 9.15% YoY
2:52 PM
Shilpa Medicare's stock rallies 8% on successful phase-1 trials of rHA
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2:40 PM
Govt panel considering major cut to food weighting in new CPI basket
The CPI is currently based on consumer spending patterns surveyed in 2011-2012, which economists say are outdated and may be distorting the official inflation data the central bank uses to set interest rates. More recent surveys show consumers are spending less of their budget on food than they did a decade ago. Bloomberg Economics estimates inflation in June was 70 basis points higher than it would have been using new weights. READ MORE
2:27 PM
June quarter results :: Pidilite Industries posts net profit of Rs 571.3 crore vs Rs 490 crore YoY
2:16 PM
Ceigall India listing price prediction: GMP signals muted gains; Details
Unlisted shares of Ceigall India continue to command a positive grey market premium (GMP) ahead of its listing. The company's shares are trading at a premium of nearly Rs 14.50 or 3.62 per cent on Wednesday, which is significantly lower than the GMP of Rs 70 or 17.64 per cent that the shares commanded on the IPO opening date of August 1, 2024. This indicates a lackluster listing for the Ceigall India shares on the bourses READ MORE
Topics : Stock Market Nasdaq MARKET WRAP MARKET LIVE Markets Sensex Nifty BSE NSE stock market trading Market news nikkei
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First Published: Aug 07 2024 | 7:27 AM IST
