Stock Market Highlights, Aug 21: SmallCap index outruns peers; RML, Nelco, Shriram Prop top gainers

Stock Market Highlights on Wednesday, August 21: While the BSE Sensex ended at 80,905, up 102 points, the Nifty settled 71 points higher at 24,770

9:04 AM

Currency check: Rupee opens mildly lower

8:48 AM

Expert Speaks: 'Near-term outlook favours Nifty bulls'

- The near-term outlook favours Nifty bulls, driven by the first U.S. interest rate cut in over four years, despite FIIs offloading Rs 33,000 crore since the Union Budget. The recent 3-day rally at Dalal Street, fuelled by strong SIP flows from retail investors and DIIs net buying Rs 36,000 crore in August, underscores this momentum.

- Key events to watch include the July FOMC minutes and Fed Chair Powell’s speech at the Jackson Hole conference, where hints of a 50-bps move could drive further market action.
 

View By: Prashanth Tapse, Senior VP (Research), Mehta Equities.

 

8:34 AM

Unimech Aerospace Ltd files draft papers with Sebi for Rs 500 cr IPO

Unimech Aerospace and Manufacturing Ltd has filed draft papers with capital markets regulator Sebi to float a Rs 500-crore initial public offering (IPO). The Bengaluru-based company's IPO comprises fresh issue of equity shares worth Rs 250 crore and an offer of sale (OFS) of up to Rs 250 crore by promoter and the promoter group, as per the draft red herring prospectus (DRHP). READ MORE

 

8:07 AM

Nifty Bank to outperform in near term; buy on dips? What analysts say

The Nifty Bank Index is currently exhibiting a positive trend on the charts, and it has closed right at the edge of a potential breakout. A close above 50,850 would signal a bullish breakout, suggesting that the index could see a strong upward movement. The next resistance levels and target prices to watch are 51,500,  51,950, and 52,500. READ MORE

 

7:59 AM

Vinay Rajani of HDFC Securities recommends buying these two stocks today

Nifty rose for the fourth consecutive session to close at 24,698.85 with a gain of 126 points or 0.51 per cent. Nifty has filled the entire downward gap, which was formed on 5th August between 24,350 and 24,686. READ MORE

7:58 AM

Stocks to watch, Aug 21: Ola Electric, Cyient DLM, PNB Housing Fin, L&T, Vi

Indian Equities are looking at a flat opening on Wednesday, tracking weakness from global peers. Domestically here are the hot stocks to watch on Wednesday: READ MORE

7:55 AM

Market guide: Nifty may consolidate; Fed minutes, Orient Tech IPO eyed

Meanwhile, market participants await the release of the minutes of the US Federal Reserve's last policy meeting. Besides, they also await keynote speech from the US Fed Chief Jerome Powell later in the week. READ MORE

 

7:52 AM

Brent crude at $77.17 per bbl

7:49 AM

Asia-Pacific markets trade in red; Nikkei down 0.74%

7:45 AM

US markets settle lower; Nasdaq down 0.33%

7:39 AM

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