Indian stock markets ended the day on a positive note after a volatile trading session on August 21. The Sensex climbed 102.44 points, or 0.13%, to close at 80,905.30, while the Nifty rose 71.37 points, or 0.29%, to settle at 24,770.20.
Among the top Nifty gainers were Divis Labs, Titan Company, SBI Life Insurance, Cipla, and Grasim Industries. Conversely, Tech Mahindra, UltraTech Cement, Tata Steel, Power Grid Corp, and HDFC Bank were among the top losers.
Sectorally, the Realty index fell by 1.3%, and the bank index dipped by 0.2%. However, FMCG, pharma, metal, telecom, and media sectors saw gains ranging from 0.5 to 1%. The BSE midcap index increased by 0.4%, while the smallcap index advanced nearly 1%.
Meanwhile, the Indian Rupee ended the day at 83.93 per US Dollar, down by 14 Paise from Tuesday's close of 83.79.
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Aug 21, 2024, 3:47 pm IST
Market Ends With Mild Gains
Indian stock markets ended the day on a positive note after a volatile trading session on August 21. The Sensex climbed 102.44 points, or 0.13%, to close at 80,905.30, while the Nifty rose 71.37 points, or 0.29%, to settle at 24,770.20.
Aug 21, 2024, 2:46 pm IST
Gold Prices Jump In India, Aug 21: 24K/100 Grams Yellow Metal Prices Rise By Rs 5500, Silver Prices Stable
Nifty Pharma Hits Record High With 10% Surge In A Month
The pharmaceutical sector is currently experiencing a surge in investor interest, fueled by strong growth prospects. This wave of optimism has driven the Nifty Pharma index to a record high of 22,587.95 as of August 21. Over the past month, the index has soared by more than 10%, significantly outperforming the Nifty 50, which has seen a modest gain of less than 1% during the same period.
Aug 21, 2024, 11:52 am IST
Wardwizard Foods & Beverages Ltd Strengthens Corporate Communications Team With The Appointment Of Deepak Nambiar As Head Of Corporate Communications
Making a key leadership appointment to strengthen its brand communications endeavours, Wardwizard Foods and Beverages Limited appointed Mr. Deepak Nambiar as the Head of Corporate Communications. With an impressive career spanning over two decades, Mr. Nambiar is set to lead the company’s communication strategies, aimed at enhancing brand presence and driving impactful stakeholder engagement in the dynamic food and beverage sector. Mr. Nambiar’s distinguished career includes a successful tenure as Head of Sales and Marketing at The Indian Express Newspaper Group, where he honed his skills in communication, public relations and marketing. His career trajectory, which began in electronic media, has endowed him with a comprehensive understanding of both traditional and digital communication channels, making him well-equipped to navigate the complexities of the modern media landscape.
Aug 21, 2024, 11:27 am IST
Gold Prices In India Recover After Yesterday's Dip
The gold prices in India for 24-carat, 22-carat, and 18-carat gold are currently at Rs. 73,200/-, Rs. 67,100/-, and Rs. 54,900/- per ten grams, respectively.
Aug 21, 2024, 10:51 am IST
Thai Airways Selects RateGain For A Multi-Year Partnership For Accurate Pricing Intelligence
RateGain Travel Technologies Limited (RateGain), a leading provider of AI-powered SaaS solutions for travel and hospitality, today announced that it was selected by Thai International Public Company Limited (Thai Airways), the national flag carrier of Thailand and a proud member of the Star Alliance network for a multi-year partnership with RateGain's dedicated platform for Airlines, AirGain. This collaboration is driven by Thai Airways’ focus on redefining pricing strategies across its comprehensive network, encompassing a wide array of domestic and international routes facilitated by its Star Alliance membership.
Aug 21, 2024, 10:35 am IST
SENSEX and NIFTY Updates
Stock Market Live Updates
Aug 21, 2024, 10:33 am IST
Schaeffler's New Campaign Showcases Schaeffler TruPower Wiper Blades As India Gears Up For The Monsoon Season
Schaeffler India, a leading Motion Technology Company, has released a digital campaign on their latest ad film for its comprehensive range of Schaeffler TruPower Wiper Blades. Wiper blades play a significant role in maintaining clear visibility during adverse weather conditions. This innovative product range is designed to provide superior performance and durability, ensuring clear visibility in all weather conditions. The comprehensive range of Schaeffler TruPower Wiper Blades are made of high-quality rubber with aero-dynamic design, offering exceptional efficiency and longer lifespan. Schaeffler TruPower Wiper Blades are available in Premium Plus Frame, and Ultra- Premium Frameless variants, suitable for passenger cars and light commercial vehicles.
Aug 21, 2024, 10:12 am IST
BPCL Plans to Invest Rs 1.75 Lac Crore for Expansion
State-owned Bharat Petroleum Corporation plans to invest Rs 1.7 lakh crore over the next five years to grow its core oil refining and fuel marketing business as well as in ‘future big bets’ of petrochemicals and green energy, its chairman G Krishnakumar has said. Bharat Petroleum Corporation (BPCL), currently, owns about 14% of India’s oil refining capacity and about a quarter of the fuel retailing network. BPCL is now implementing the first phase of a multi-decade aspirational journey in the form of ‘Project Aspire’ — its five-year strategic framework that is based on two fundamental pillars — ‘Nurturing the Core’ and ‘Investing in Future Big Bets’, he said in the company’s latest annual report.
Aug 21, 2024, 9:50 am IST
Rupee Vs Dollar In Opening Bell
The rupee weakened slightly to trade at over 83.8 levels against the US dollar on Wednesday, after the previous session's closing print of 83.76 per dollar. The day's range is between 83.755 to 83.849 against the greenback. It is being said that the rupee is caught between the struggling dollar ahead of Federal Reserve Chair Jerome Powell's comments and FOMC minutes, and the likelihood of hedging interest from importers.
Aug 21, 2024, 9:23 am IST
Derivative Outlook By Anand James, Chief Market Strategist, Geojit Financial Services
Nifty weekly contract has highest open interest at 25000 for Calls and 24300 for Puts while monthly contracts have highest open interest at 25000 for Calls and 24000 for Puts. Highest new OI addition was seen at 24700 for Calls and 24300 for Puts in weekly and at 24400 for Calls and 24300 for Puts in monthly contracts. FIIs increased their future index long position holdings by 3.07%, decreased future index shorts by 6.58% and in index options by 0.71% increase in Call longs, 8.83% increase in Call short, 6.96% decrease in Put longs and 7.28% increase in Put shorts.
Aug 21, 2024, 9:15 am IST
Nity Outlook By Anand James, Chief Market Strategist, Geojit Financial Services
We had gone in expecting another phase of consolidation yesterday, or a leg of downswings, before bulls gained enough momentum to push beyond the 24637-700 region. This premise was challenged yesterday as Nifty floated above 24700 for reasonable stretches of time during the day. However, there was no tail wind to spark a 24900-975 move, and buyers were seen withdrawing swiftly during the closing phase, retiring the prices back into the 24630-700 region. This lends a weak bias for today. We may play for a 24550 move initially, with an intention to extend the objective to 24410-390, if pull back attempts fail to reclaim 24670. Alternatively, if 24670 is reclaimed in the initial hour itself, expect a leap to 24900-975, which could require a few days to mature fully.
Aug 21, 2024, 8:59 am IST
Market Outlook Today By Aditya Gaggar, Director of Progressive Shares
The Index ended 20th August trade higher at 24,699. With a bullish candle, the Index has filled the bearish gap zone and is heading towards 24,870 (target of range breakout) with downside being shifted to 24,590. BankNifty has given a consolidation breakout with a bullish candle called Above The Stomach; however, we will wait for follow-up buying. The immediate resistance is placed at 51,100 while on the downside, 50,300 will be considered as support. The IT sector is likely to witness a profit-booking correction as it is forming a bearish divergence in the RSI but such correction is likely to be short-lived. The defensive segment i.e. the Pharma is soaring high with a higher top higher bottom series which indicates a strong momentum, boosting our confidence to remain bullish (IPCA Labs- Reversed from the lower end of the rising channel and Zydus Lifescience- Bullish Cypher with a hidden bullish divergence in the RSI). For the past couple of weeks, we have been recommending Sugar counters from the FMCG segment and as they are performing as per our expectations; we continue to hold a positive stance.
Aug 21, 2024, 8:37 am IST
Nifty Prediction Today
Technically, the Nifty filled the first gap hurdle and formed a bullish candle on the daily scale, indicating strength. On the downside, the 21-Day Exponential Moving Average (DEMA), positioned near 24,410, will serve as strong support in the short term. As long as the index remains above 24,400, the bullish momentum is expected to persist. On the upside, the next gap hurdle is placed near 24,960, which will act as the first resistance for the index, followed by the previous all-time high around 25,080, said Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd.
Aug 21, 2024, 8:02 am IST
Stocks To Buy Today
Shiju Koothupalakkal - Technical Analyst at Prabhudas Lilladher has recommended buying three stocks on August 21. These are: - BUY REC LTD cmp 599.90 Stop Loss 587 Target 630; - BUY BF UTILITIES cmp 800 Stop Loss 780 Target 850; - BUY UNION BANK cmp 125.56 Stop Loss 122.50 Target 134
Aug 21, 2024, 8:02 am IST
Nifty, Bank Nifty Support And Resistance
On August 21, Shiju Koothupalakkal - Technical Analyst at Prabhudas Lilladher expects the Nifty 50 to find support at 24,500 and resistance at 24,800. Bank Nifty is seen to have support and resistance around 50,400 and 51,400 respectively.
Aug 21, 2024, 8:02 am IST
Market Previous Day
In the previous session, the Indian stock market gained driven by midcap, auto, banking, IT and healthcare stocks. Sensex ended at 80,802.86 up by 378.18 points or 0.47%. While Nifty 50 closed at 24,698.85 higher by 126.20 points or 0.51%. Bank Nifty surged by 434.80 points or 0.86% to end at 50,803.15.
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