Share Market Highlights, Aug 26: Sensex adds 612 points, Nifty holds 25,000; IT, Metal shares shine
3:50 PM
Stock Market Expert View ::’Large-caps outperformed today amid healthy earnings, relatively fair valuation’
US Fed has signalled a rate cut in September, which is reflected in the decling US treasury yields and dollar index, which has led to a rally in global markets despite there being no indication of size of cuts.
Indian markets hit a new high led by change in FIIs stance to positive from negative along with continued strong DIIs inflows.
Although the overall trend was positive, large-caps outperformed on account of healthy earnings and relatively fair valuation compared to broader markets.
IT, Realty, FMCG and Consumption gained on account of improved outlook.
Views by: Vinod Nair, Head of Research, Geojit Financial Services
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3:48 PM
Stock Market Expert View :: ‘Nifty to face resistance at 25,080’
The Nifty remained strong throughout the day. On the daily chart, a visible green candle has formed after two consecutive negligible red candles, suggesting improving sentiment.
However, resistance is evident at 25,080, and a decisive move is needed to witness a rise toward 25,300.
On the other hand, failure to move above 25,080 might trigger selling in the market, potentially bringing the index back toward 24,800.
Views by: Rupak De, Senior Technical Analyst, LKP Securities
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3:42 PM
Stock Market Closing Bell LIVE Updates :: MidCap index adds 0.66%
BSE SmallCap index underperformed both — benchmarks and MidCap index — as it rose only 0.2%
3:40 PM
Stock Market Closing Bell LIVE Updates :: Only Media, PSU Bank indices slip today
The Nifty Metal index rallied over 2%, followed by the Nifty Realty (1.7%), and the Nifty IT index (1.4 per cent).
3:37 PM
Sensex Heatmap at Closing Bell LIVE Updates :: Only 9 stocks settle lower
21 of the 30 BSE Sensex stocks ended higher today, while 9 ended in the red.
HCL Tech, NTPC, Bajaj Finserv, Tech M, JSW Steel, Titan, and M&M were the top gainers, while Kotak Bank, IndusInd Bank, Maruti Suzuki, HUL, and Sun Pharma were the top losers on the Sensex today
3:34 PM
Stock Market Closing Bell LIVE Updates ::Nifty reclaims 25.000
Nifty50 index closed at 25,011 on Monday, August 26, amid positive comments from US Fed Chair Jerome Powell.
3:33 PM
Stock Market Closing Bell LIVE Updates :: Sensex ends over 600 pts higher
BSE Sensex index closed 612 points, or 0.75 per cent higher, today, August 26, at 81,698 levels after US FEd chair Jerome Powell siganlled at the beginning of the rate cut cycle in the US September 2024 onwards
3:22 PM
Stock Market LIVE Updates :: Indian rupee likely to miss Fed pivot-fueled emerging market rally
The move was in line with the rupee’s recent underperformance as the currency has failed to gain from the dollar’s broad slump.
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3:10 PM
Stock Market LIVE Updates :: Stove Kraft at all-time high after announcing dividend record date
Stock Market LIVE updates: The company, in an exchange filing, said, “The Company has fixed Friday, 13 September 2024 as the ‘Record Date’ for the purpose of determining the members entitled to attend the AGM and receive dividend of Rs. 2.50 per Equity Share of Rs. 10 each (i.e. 25%) for FY2023-24.”
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2:33 PM
Stock Market LIVE Updates: YES Securities initiates ‘Sell’ on Relaxo Footwear amid rich valuations
Stock Market LIVE Updates: Domestic brokerage YES Securities has initiated coverage on footwear brand Relaxo Footwear with a ‘Sell’ rating to the stock due to expensive valuations. The brokerage has set a target price of Rs 718 per share, implying a down side of 11.4 per cent from previous close of Rs 809.95 per share.
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