Stock Market Highlights Today: Nifty forms a bearish candle on daily chart. What does it signal for tomorrow’s trade? – The Economic Times
Benchmark indices closed flat on Wednesday after profit booking at all-time high levels. IT and FMCG stocks saw buying but most of the other sectors declined. Though, broader market stocks were also in demand. Strong global cues supported the market in early trading but eventually, traders preferred to book profits. Analysts say the next cue for the market movement will be comments from Federal Reserve officials. The 30-share pack Sensex fell 14.77 points or 0.03 per cent to close at 55,944.21. The index traded in a range of about 300 points. Its broader peer NSE Nifty climbed 10.05 points or 0.06 per cent to 16,634.65.
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Tata Consultancy Services’ market valuation crosses Rs 13.5 lakh crore
Sebi orders defreezing of bank, demat accounts, MF folios of Rana Kapoor
Markets regulator Sebi on Wednesday ordered defreezing of bank accounts as well as share and mutual fund holdings of Rana Kapoor, former MD and CEO of Yes Bank. Kapoor is currently in judicial custody after being arrested in March 2020 in the alleged Yes Bank fraud case.
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Rupee drops 5 paise to close at 74.24 against dollar
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.04 per cent higher at 92.93.
Broader market outperformed the benchmarks for the second straight day
This is how the 30-pack Sensex moved in today’s session. It touched a high of 56,198.13 and a low of 55,899.96 to finally settle at 55,944.21
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CLOSING BELL: Sensex retreats over 250 pts from all-time high, ends flat; Nifty at 16,635; Havells tanks 5%, GSFC 3%
- Financials lead the market fall
- 21 of 30 Sensex stocks end the day in the red
- Index contributors: ICICI Bank, Bajaj Finserv, Airtel, Axis Bank, Titan
- Top Index gainers: TCS (1.42%), Infosys (1.08%), RIL (0.79%)
- Top Index losers: Bajaj Finserv (2.92%), Titan (2.08%), Maruti (1.36%)
- S&P BSE OIL & GAS top sectoral gainer, up 1.28%
- S&P BSE CONSUMER DURABLES biggest sectoral loser, down 1.09%
- Volume toppers: Kotak Bank, Tata Steel, Bajaj Finserv, RIL, Bajaj Finance
Dishman Carbogen Amcis arm signs co-investment pact with Europe-based client
Drug firm Dishman Carbogen Amcis on Wednesday said its Switzerland-based arm, Carbogen Amcis AG, has entered into a co-investment agreement of CHF 4 million (around Rs 32 crore) with one of its key European customers.
On BSE, 388 stocks hit their upper circuit limit while 210 stocks hit their lower circuit limit
IT stocks climb
Price as on 25 Aug, 2021 02:52 PM, Click on company names for their live prices.
Volatility gauge India Vix gains over 3%
Gold, silver spot prices
Top gainers and losers in pharma pack
Price as on 25 Aug, 2021 02:07 PM, Click on company names for their live prices.
HDFC Bank divests over 2 per cent stake in CDSL for Rs 223 crore
Price as on 25 Aug, 2021 01:47 PM, Click on company names for their live prices.
Delhivery acquires Spoton Logistics ahead of planned IPO
China shares end higher as central bank boosts short-term funding
At the close, the Shanghai Composite index was up 0.74% at 3,540.38. The blue-chip CSI300 index was up 0.2%, turning around from a small dip at midday. It was led by consumer staples firms, which rose 1.91%.
Allied Digital bags 6-yr, $88 million contract from global automotive giant
Price as on 25 Aug, 2021 01:03 PM, Click on company names for their live prices.
Dalal Street rally expected to cool next year as global and domestic monetary policy starts to tighten: Reuters poll
Top gainers and losers in metals pack
Price as on 25 Aug, 2021 12:23 PM, Click on company names for their live prices.
Asian stocks hold gains as markets await Powell speech
Asian shares held onto their recent gains on Wednesday as global equities rebounded, though the focus for most asset classes was the U.S. Federal Reserve’s annual symposium on Friday. MSCI’s broadest index of Asia-Pacific shares outside Japan spent most of the day near flat, but was last up 0.34%, and about 4% higher so far this week.
FM Nirmala Sitharaman to address press conference at 2 pm
Poultry stocks abuzz after government allows soymeal import
Avanti Feeds jumped 7 per cent to Rs 575.7. Apex Frozen and Godrej Agrovet rallied 5 per cent each to Rs 267.80 and Rs 640, respectively.
Rupee falls 5 paise to 74.24 against US dollar in early trade
Rakesh Jhunjhunwala ups stake in Fortis Healthcare to above 5%
10-year bond yield rises to 6.27%, highest since March
ICICI Bank files cheating case against Karvy Stock Broking Ltd
A case has been registered against Karvy Stock Broking Ltd promoter C. Parthasarathy and others for allegedly cheating ICICI Bank to the tune of Rs 563 crore.
Sterling Tools rallies 15% after ICRA upgrades rating
The rating agency ICRA reaffirmed the long-term rating of the auto parts manufacturer to AA- with stable outlook from AA- with negative outlook. Similarly, the term loans of the company have been reaffirmed to stable.
40.9 lakh Zomato shares trade in block deal: Report
The resilience in global equities continues with the Nasdaq and S&P 500 closing at fresh record highs. In India, the market momentum and sectoral rotation are taking the indices higher
– V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
NIIF in talks to invest up to Rs 4,000 crore in L&T’s Hyderabad Metro
Rakesh Jhunjhunwala picks up 1.6% stake in Canara Bank
Intraday Picks from Reliance Securities
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Sensex hits new record high of 56,172.88
Top gainers in banking pack
Price as on 25 Aug, 2021 09:25 AM, Click on company names for their live prices.
How Sensex stocks are faring now
OPENING BELL: Sensex hits new all-time high; Nifty above 16,650; Tata Steel, SBI gain 1% each
Pre-open session: Sensex rises 150 points, Nifty above 16,550
SGX Nifty signals a positive start
Nifty futures on Singapore Exchange traded 63 points, or 0.38 per cent, higher at 16,682.50, signaling that Dalal Street was headed for a positive start on Wednesday.
Tech View: Nifty50 in pullback mode
Nifty50 on Tuesday formed a bullish candle on the daily scale and broke above its consolidation range of 16,350-600 on the upside. This was the second session when the index made a higher high-low formation. A move above 16,700 level could give the bulls an edge over the bears, analysts said. For the day, the index closed at 16,624, up 128.15 points or 0.78 per cent.
Hong Kong stocks begin on front foot
Hong Kong shares opened in positive territory Wednesday morning, extending their rally into a third day following a record close on Wall Street fuelled by renewed recovery optimism. The Hang Seng Index climbed 0.79 percent, or 202.13 points, to 25,930.05. The Shanghai Composite edged up 0.10 percent, or 3.44 points, to 3,517.92, while the Shenzhen Composite Index on China’s second exchange was flat, inching down 0.67 points to 2,463.18.dan/mtp
Tokyo shares open higher after Wall Street record finishes
Tokyo shares opened higher Wednesday on rekindled hopes that the worst is over for the current wave of Covid infections, with the renewed optimism sending Wall Street to record finishes. The benchmark Nikkei 225 index rose 0.17 percent, or 48.28 points, to 27,780.38, while the broader Topix index gained 0.21 percent, or 4.07 points, to 1,938.27.
US stocks settled higher; Nasdaq tops 15K
Wall Street delivered more milestones Tuesday after a modest pickup in stocks nudged the S&P500 index to an all-time high and the Nasdaq composite climbed above 15,000 for the first time. The S&P500 index rose 6.70 points to 4,486.23. The Dow Jones Industrial Average gained 30.55 points, or 0.1%, to 35,366.26. The Nasdaq composite climbed 77.15 points, or 0.5%, to 15,019.80. The tech-heavy index also finished at a record high on Monday.
Rupee extends gains for 2nd day, closes at 74.19 against dollar
The rupee appreciated further by 3 paise to close at 74.19 against the US dollar on Tuesday following a strong rally in the domestic equity markets. However, a strong dollar in the overseas markets and rising crude prices weighed on the investor sentiment and capped gains, forex traders said. At the interbank forex market, the local unit opened strong at 74.12 against the greenback and moved in a range of 74.11 to 74.20 in the day trade.
Sensex, Nifty on Tuesday
Equity benchmarks darted up to fresh lifetime highs on Tuesday, propelled by heavy buying in banking, finance and metal stocks amid supportive global cues. Rising for the second straight session, the 30-share BSE Sensex soared 403.19 points or 0.73 per cent to end at its lifetime peak of 55,958.98. On similar lines, the broader NSE Nifty surged 128.15 points or 0.78 per cent to its all-time closing high of 16,624.60