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Stock Market Today: Nifty, Sensex Snap Two-Week Fall To End At Highest Level Since Aug 2

Stock Market Today: Nifty, Sensex Snap Two-Week Fall To End At Highest Level Since Aug 2
NSE headquarters building in BKC, Mumbai. (Source: NDTV Profit/ Vijay Sartape)
1 year ago
The Nifty ended 1.64% or 396.80 points higher at 24540.55 while the Sensex rose 1.68% or 1,330.96 points to end at 80436.84. Intraday, the Nifty rose 1.74% and the Sensex rose 1.79%.

  • The local currency closed flat at 83.94 against the US Dollar on Friday.

  • It closed at 83.95 a dollar on Wednesday.

  • Source: Cogencis

Stock Market Holiday: Are BSE And NSE Open Or Closed On Raksha Bandhan?

  • Nifty, Sensex end with weekly gains after falling for two weeks

  • Both the indices closed at their highest levels since August 2

  • Nifty ends 1.64% or 396.80 points higher at 24540.55

  • Sensex ends 1.68% or 1,330.96 points higher at 80436.84

  • Broader indices also ended higher; Nifty Midcap 100 ended 1.86% up and Nifty Smallcap 250 rose 1.69%

  • All sectoral indices closed higher; Nifty IT and Nifty Realty rose the most

  • Wipro, Tech Mahindra, and Grasim Industries were top Nifty gainers

  • Divi's Laboratories and SBI Life Insurance Co were top losers among Nifty stocks

Files draft papers for IPO having fresh issue of up to Rs 550 crore

IPO to also have OFS for up to 67.6 lakh shares

Source: DRHP

  • IPCA Laboratories launches drug Diulcus to treat diabetic foot ulcers

  • Diulcus gel tube to be launched both in Indian and overseas

  • Diulcus recieved approval from Drug Standard Control Organisation

  • Developed in partnership with NovaLead Pharma

  • Diulcus has 77.2% ulcer closure rate

  • Source: IPCA press release

  • Completes 100% acquisition of Penna Cement Industries

  • Penna Cement Industries becomes wholly-owned subsidiary of company

  • Source: Exchange Filing

  • Brigade Group in pact with abCoffee to establish outlets across commercial office spaces in Bengaluru

  • abCoffee to open 6 outlets within Brigade properties

  • Source: Exchange Filing

Adani Energy Poised For $250 Million Inflows Post MSCI Inclusion

Paras Defence Shares Hit Upper Circuit After Order Win From L&T

Market breadth was skewed in the favour of buyers. As many as 2,212 stocks advanced, 660 declined, and 110 remained unchanged on the BSE.

At pre-open, the Nifty 50 was at 24333.80, up 0.79% or 190.05 points and the Sensex was at 79751.90, higher by 0.82% or 646.02 points.

  • The yield on the 10-year bond opened flat at 6.87%.

  • It closed at 6.86% on Wednesday.

  • Source: Cogencis

  • The local currency opened flat at 83.94 against the US Dollar on Friday.

  • It closed at 83.95 a dollar on Wednesday.

  • Source: Cogencis

Cuts external benchmark rate to 9.9% from 10.05% effective August 19.

Source: Exchange Filing

  • Remains 'overweight' with target Rs 3,304, upside 20%

  • Thar Roxx is priced Rs 1.6 lakh higher than 3 door variant

  • M&M market share of 27% in 12.5 Lakh SUV segment

  • Aiming to make Thar brand #1 in this segment

  • Expect both variants to clock in 8-9K units per month

  • Maintain M&M will be fastest growing PV company

  • Initiates 'Buy' at Rs 140 target price, 26.2% upside

  • Believe company is worth investing in despite conservative view on electric vehicle penetration

  • Expect EV manufacturing costs to fall by Rs 30000-4000 by FY27/28 making them competitive

  • Expect barriers to switch to Electric two wheelers to fall

  • See Ola’s battery venture as an upside risk

  • Ola could manufacture batteries at global quality

Gets tax demand worth Rs 112 crore including interest & penalty from Chandigarh Tax Authority.

Source: Exchange Filing

  • Nifty August futures up by 0.06% to 24,174 at a premium of 31 points.

  • Nifty August futures open interest down by 4%.

  • Nifty Bank August futures down by 0.19% to 49,955 at a premium of 228 points.

  • Nifty Bank August futures open interest up by 3%.

  • Nifty Options August 22 Expiry: Maximum Call open interest at 25,000 and Maximum Put open interest at 23,000. 

  • Bank Nifty Options August 21 Expiry: Maximum Call Open Interest at 60,000 and Maximum Put open interest at 50,000.

  • Securities in ban period: Aarti Industries, Aditya Birla Capital, Aditya Birla Fashion, Bandhan Bank, Biocon, Birlasoft, Chambal Fertilizers, Granules, India Cements, India Mart Intermesh, LIC Housing Finance, Manappuram, NMDC, PEL, PNB, RBL Bank, SAIL, Sun TV.

Vedanta Approves Increase In Stake Sale Of Hindustan Zinc Via OFS

  • Ashapura Minechem: Griffin Growth Fund VCC bought 34.67 lakh shares (3.79%) at Rs 340 apiece, while Lts Investment Fund Ltd sold 34.67 lakh shares (3.79%) at Rs 340 apiece.

  • Marsons: Vab Ventures sold 42.46 lakh shares (2.46%) at Rs 76.24 apiece and Premier Fiscal Services sold 14.74 lakh shares (0.85%) at Rs 76.24 apiece. Great Family Commodities bought 10.35 lakh shares (0.6%), Kishan Gopal Mohta bought 10 lakh shares (0.58%) apiece and Ginni Finance Ltd. bought 10 lakh shares (0.58%) at Rs 76.24 apiece.

  • Shanti Educational Initiatives: LGOF Global Opportunities Limited sold 10 lakh shares (0.62%) at Rs 127.4 apiece, while Legends Global Opportunities (Singapore) bought 10 lakh shares (0.62%) at Rs 127.4 apiece.

Tata Steel Acquires Rs 1,528-Crore Stake In T Steel Holdings

Karnataka Orders Departments To Immediately Halt Transactions With SBI, PNB Citing Irregularities

Glenmark Pharmaceuticals Q1 Results: Profit Nearly Doubles, Beats Estimates

Stock Market Today: Nifty, Sensex End Little Changed After Muted Session; TCS, Infosys Lead

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