Hello, Namaste!
Welcome to our live coverage of Indian Stock Markets this fresh week.
Last trading week had been all eventful with opening gains and consolidation only to end with a significant red-closing. FII outflows have been consistent, only leaving DIIs to make up for the damages, so that the massive crash-season gets avoided.
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A number of factors, from GST reforms coming sooner than expected, to the additional tariff dat approaching, SEBI chairman confirming the felt need of extension to the derivatives’ maturity and then comes the smell of dovish stance from Fed’s speech.
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Markets open gap-up and trade in gains, led by IT and Metal stocks. Nifty50 gained moderately to surge by 100 points, trading above 24,970. Similarly, Sensex gained 0.45%, trading above 81,650. Apart from media index, most sectoral indices gain. Towards closing, the benchmark indices lose gains of around 15 bps to trade with 0.35% surge.
-Nifty50 closes at 24,967.75, with gains of 97.65 i.e. 0.39% up
-Sensex gains 329.06 points to close at 81,635.91, green by 0.40%.

-Infosys gains 3%, trades at 1533
-TCS trades at 3,142, gaining 2.83%
-Wipro gains 2.10%, trades at 253.84

-HDFC Bank trades flat at 1964
-The Bank stock has been trading in the range of 1957-1977.40

-Nifty50 aims for the 25,000 level before closing, greens up with 100 points to trade at 24,970
-Sensex surges back to gain 333 points, trading at 81,640

-The Volatility index cools off to 11.86, with the surge declining to 1%
