Stock Market Today: Nifty, Sensex End Muted Week Higher Before Powell's Jackson Hole Speech

• Rupee strengthened by 5 paise to close 83.90 against the US dollar.

• It closed at 83.95 on Thursday.

Source: Bloomberg

Benchmarks ended the muted session with little change, while posting a two-week winning streak on Friday as market participants await the US Federal Reserve Chair Jerome Powell's speech at Jackson Hole gathering.

The Fed Chair will speak at the annual summit at 10:00 a.m., New York time on Friday.

The NSE Nifty 50 ended 11.65 points or 0.05% higher at 24,823.15, and the S&P BSE Sensex ended 33.02 points or 0.04% higher at 81,086.2.

Gains in ICICI Bank Ltd., Bajaj Auto Ltd. supported the indices, while losses in Infosys Ltd., and Tata Consultancy Services Ltd. pressured the benchmarks.

During the day, the Nifty 50 rose 0.19% to 24,858.40, and the BSE Sensex rose 0.22% to 81,231.49.

"Global markets were in a bullish mood, as data-prints supported views of a rate cut in the US. Meanwhile, domestic sentiments remained bullish with investors hoping for a strong earnings recovery, after first quarter in financial year 2024-25 earnings reported modest growth on a year-on-year basis," said Shrikant Chouhan, head, equity Research, Kotak Securities.

On a weekly basis, the Nifty added 1.15% and the Sensex rose 0.81%.

"The index concluded the week with a positive momentum, closing over 290 points higher than the previous week. The market breadth displayed a marginal negativity, while the majority of sectors, with the exception of the auto, consumption, infrastructure, and energy indices, concluded with loses," said Avdhut Bagkar, technical and derivatives analyst, StoxBox.

ICICI Bank Ltd., Bharti Airtel Ltd., Bajaj Auto Ltd., Tata Motors Ltd., and Mahidnra & Mahindra Ltd. added to the benchmark index.

Infosys Ltd., HDFC Bank Ltd., Tata Consultancy Services Ltd., Oil and Natural Gas Corp, and State Bank of India weighed on the index.

On NSE, 11 sectors ended higher, and one declined out of 12. The NSE Nifty Metal was the best performing sector of the week, and the NSE Nifty Realty was the worst performing sector.

Broader indices were mixed at close. BSE Midcap ended 0.7% lower and BSE Smallcap closed 0.15% higher.

"The mid-cap index gained, around 2.3% and small-cap index gained 3.5% outperforming large-caps," said Shrikant Chouhan, head, equity Research, Kotak Securities.

Nine out of 20 sectoral indices on the BSE ended higher and 11 declined. BSE Realty was the top loser.

Market breadth was skewed in the favour of buyers. As many as 2,061 stocks rose, 1,861 declined, and 103 remained unchanged on the BSE.

• The NSE Nifty 50 rose for a sevent consecutive session on Friday. The index moved in the range of 87 points on Friday.

• The BSE Sensex rose for a fourth consecutive session. The index moved in the range of 348 points. 

• ICICI Bank Ltd., Bharti Airte Ltd., and Bajaj Autol Ltd. are top gainers in the Nifty 50 index.

• Infosys Ltd., HDFC Bank Ltd., and Tata Consultancy Services Ltd. are top losers in the Nifty 50 index.

• All Anil Ambani Group stocks declined with the Reliance Infrastructure falling the most after SEBI bars the industrialist for fund diversion allegation.

• The NSE Nifty Auto index rose the most, while the NSE Nifty Realty declined the most. 

• The NSE Nifty Midcap 150 ended 0.56% lower at 21,645.65.

•  The NSE Nifty Smallcap 250 settled0.12% higher at 18,006.55.

• The US Food and Drug Administration's inspection at FDC Ltd. Himachal Pradesh manufacturing plant closes with zero observations.

Source: Exchange filing

• Tata Power Solar Systems in pact with ICICI Bank to provide easy financing.

Source: Exchange filing from Tata Power Co. Ltd.