Stock Market : Closing Bell

[AngelOne]

Closing Bell: Pharma and IT Stocks Stole Lead the Rally

The Indian stock market closed in green on August 28. IT, Pharma, and Healthcare indices were up more than 1% each, while Media index sheds more than 1%.

On August 28, 2024, both the benchmark indices, Nifty 50 and Sensex, ended the trading session in positive territory. Nifty 50 rose 0.14% to 25,052.35 while Sensex settled at 81,785.56 with a gain of 0.09%. The broader indices ended Wednesday’s trading session in mixed territory, with gains led by Large-cap stocks. Bank Nifty index ended lower by 134.90 points or 0.26% to settle at 51,143.85. The volatility indicator Nifty VIX grew by 2.33% to 13.95, reflecting a rise in volatility.

Sectoral Performance

IT and Pharma stocks shine during the session. Nifty IT and Nifty Pharma closed higher by 685.15 and 260.10 points, or 1.64% and 1.14%, to end at 42,394.40 and 22,989.10, respectively. On the flip side, Media stocks were under pressure and recorded a fall in Wednesday’s trading session. Nifty Media slipped by 1.41% to 2,118.60. Other indices which dropped the most included Nifty PSU Bank, Nifty FMCG, Nifty Bank, Nifty Metal, and Nifty Auto.

Top Gainer and Losers

Top gainers for the day were LTI Mindtree, Wipro, Divis Labs, Bharti Airtel, and Infosys, while Maruti Suzuki, Asian Paints, Adani Enterprises, Shriram Finance and Britannia were the top losers.

Oil Prices

Oil Prices witnessed a fall during the trading session on August 28, 2024. At 4:10 PM, Brent Crude stood at 78.35, reflecting a fall of 1.51%. The American Petroleum Institute (API) reports that for the week ending August 23, crude oil stocks in the US decreased by 3.4 million barrels, compared to analysts’ predictions of a 3 million barrel decline. The API revealed that oil stockpiles had increased by 3,47,000 barrels during the previous week.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

[AngelOne]

Closing Bell: Nifty Hit New Record High Backed by IT and Oil & Gas Stocks Rally

The Sensex ended the day at 82,134.61, up 349 points, or 0.43%. Up 100 points, or 0.40%, the Nifty 50 closed at 25,151.95.

The benchmark indices, Nifty 50 and Sensex, ended the trading session on August 29, 2024, on a positive note. Nifty 50 closed at 25,151.95, reflecting a gain of 0.40%, while Sensex soared 0.43% to 82,134.61. Bank Nifty index was almost flat and settled at 51,152.75 with a gain of 8.90 points. The volatility indicator Nifty VIX slipped by 1.16% to 13.79.

Sectoral Performance

Oil & Gas, FMCG, Auto, and IT stocks were the stars of the trading session. Nifty Oil & Gas and Nifty FMCG closed higher by 124.30 and 449.35 points, or 0.94% and 0.72%, to end at 13,416.45 and 63,162.95, respectively. Nifty IT grew 0.47% to 42,591.65 and supported the positive trading session. Conversely, Metal and Pharma stocks were under pressure and recorded a fall. Nifty Metal and Nifty Pharma slipped by 0.48% each to 9,369.95 and 22,878.05, respectively. Other indices which dropped the most included Nifty Media, Nifty Healthcare, Nifty Realty, and Nifty Private Bank.

Top Gainer and Losers

Top gainers for the day were Tata Motors, Bajaj Finserv, Britannia, Bajaj Finance and BPCL, while Grasim, M&M, JSW Steel, Eicher Motors, Kotak Mahindra Bank were the top losers.

Oil Prices

Oil Prices witnessed a fall during the August 29, 2024 trading session. At 4:03 PM, Brent Crude stood at 78.54, reflecting a fall of 0.14%.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

[AngelOne]

Closing Bell: Nifty 50 Closed Near 25,250 Backed by Significant Buying Across Major Sectors

The Sensex ended the day at 82,365.77, up 231.16 points, or 0.28%, while the Nifty 50 rose 0.33% to 25,235.90.

The market saw positive movement on August 30, 2024, with both the Nifty 50 and Sensex closing higher. The Nifty 50 ended the trading session at 25,235.90, marking an increase of 0.33%, while the Sensex rose 0.28% to close at 82,365.77. The Bank Nifty index increased 0.39% to 51,351, adding 198.25 points. The volatility index, Nifty VIX, decreased by 2.70% to 13.42.

Sectoral Performance

On the last trading day of August 2024, most sectoral indices ended in green, except Media and FMCG. Nifty Realty and Nifty Pharma closed higher by 18.90 and 339.55 points, or 1.83% and 1.48%, to end at 1,053.40 and 23,217.60, respectively. In addition, Nifty Healthcare grew 1.35% to 14,506.85. Conversely, Media and FMCG stocks were under pressure and recorded a fall. Nifty Media and Nifty FMCG dropped by 0.36% and 0.16% to 2,104.50 and 63,059.75, respectively.

Top Gainer and Losers

Top gainers for the day were Cipla, Bajaj Finance, M&M, Divis Lab, and NTPC, while Tata Motors, HDFC Bank, Tech Mahindra, Coal India and Reliance were the top losers.

Oil Prices

On August 30, 2024, at 04:03 PM, Oil prices were trading at $79.94, unchanged from the previous closing price.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.