Stock Market Highlights, Aug 20: Sensex rises 378 pts, Nifty nears 24,700; all but FMCG rise

Stock Market Highlights on August 20: Bajaj Finserv, IndusInd Bank, Tech M, Bajaj Finance, Kotak Bank, and Axis Bank were the top large-cap gainers, rising up to 3.3 per cent

SI Reporter New Delhi

9:08 AM

Sensex gains 300 pts in pre-open

8:58 AM

Tata Nifty200 Alpha 30 Index Fund launched: Everything you should know

Tata Asset Management Company on Monday launched a new index fund designed to capitalise on the top-performing stocks within the Nifty 200 Index. The Tata Nifty200 Alpha 30 Index Fund concentrates on companies that outperform the market. READ MORE

8:38 AM

Sebi releases guidelines for market borrowing by Category I, II AIFs

Capital markets regulator Sebi on Monday came out with guidelines for borrowing by Category I and Category II alternative investment funds (AIFs), along with the maximum permissible limit for extension of tenure by Large Value Fund for Accredited Investors (LVFs). READ MORE

8:14 AM

Market Today: Global cues, Saraswati Saree listing in focus; GIFT Nifty up

Nifty is currently placed at the hurdle of the upper area of the previous down gap of August 5 at 24685 levels. The short-term trend of Nifty continues to be positive. Having placed at the key overhead resistance around 24700, there is a possibility of some more consolidation or minor dip in the next one or two sessions, before showing another round of upside breakout. READ MORE

8:11 AM

Tepid top line starts to show on India Inc's profit growth: Analysts

India Inc has managed to sustain net profit growth that has outstripped muted revenue expansion over the past several quarters, largely buoyed by favourable credit conditions and lower input costs. However, this divergence is now converging, with analysts stressing an urgent need for a resurgence in top-line growth to sustain bottom-line improvements. READ MORE

7:52 AM

Stocks to watch, Aug 20: Zomato, IndusInd Bank, Saraswati Saree Depot

Indian bourses are expected to see a positive opening on Tuesday, tracking bullish sentiment from global markets. The GIFT futures also suggested a higher start, as they quoted 64 points higher than Nifty50 futures 24,659 levels. Here are the top stocks to watch on Tuesday: READ MORE

7:44 AM

Nifty Financial Services to maintain its bull run; should you buy on dips?

The Nifty Financial Services Index is showing a positive outlook, supported by favourable technical indicators like RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence). These indicators suggest that the index is likely to maintain its bullish momentum in the near term. The best trading strategy for this index would be to buy on dips, particularly when the index approaches support levels. READ MORE