Stock Market Today: Sensex, Nifty Extend Winning Streak to Six Sessions - Top 10 Highlights
Share this article:
The Sensex and Nifty closed higher for the sixth consecutive session on Thursday, August 21, though gains remained modest amid global uncertainty. The Sensex advanced 143 points, or 0.17%, to finish at 82,000.71, while the Nifty added 33 points, or 0.13%, to end at 25,083.75.
Lingering worries over Trump’s tariff stance, stretched valuations, and weak global signals kept investor sentiment cautious. Broader markets lagged, with the BSE Midcap index dipping 0.12% and the Smallcap index ending almost unchanged.
Sensex & Nifty Wrap-Up: 10 Key Highlights from the Day’s Trade
1. What lifted the benchmarks?
Gains in heavyweight stocks like ICICI Bank, Reliance Industries, L&T, Bajaj Finance, and HDFC Bank supported the Sensex in closing higher.
Proposed GST reforms, S&P’s upgrade, and favourable growth-inflation trends continue to act as long-term positives. However, sentiment remains cautious with the August 27 secondary tariff deadline nearing. Stock-specific moves were visible across segments.
Vinod Nair, Head of Research at Geojit Investments, noted: " Indian equities ended mixed, as investors turned to profit booking after a recent rally and concerns over the premium valuation due to the subdued end of Q1 earnings."
He further added, "India’s record-high composite PMI in August, reflecting strong expansion in both manufacturing and services, particularly in business activity, may provide stability in the near term. Investors remain cautious ahead of the upcoming Jackson Hole symposium on Friday, and rising domestic bond yields due to fiscal concerns surrounding GST rationalisation."
2. Nifty 50 Top Gainers
Cipla led the pack with a gain of 3.09%, followed by Dr. Reddy’s Laboratories, which rose 2.61%, and Bajaj Finserv, up 1.03%.
3. Nifty 50 Top Losers
On the downside, Tata Consumer slipped 1.57%, Bajaj Auto fell 1.56%, and Eternal declined 1.55%.
Overall, the index saw more weakness, with 28 stocks ending in the red while 22 managed to close higher.
4. Sectoral Indices
Nifty Pharma and Healthcare advanced nearly 1% each, while Auto, FMCG, and PSU Bank indices closed lower. Nifty Bank managed a small gain of 0.10%, and the Financial Services index added 0.32%.
5. Most Active Stocks by Volume
Ola Electric Mobility (56.43 crore shares), Vodafone Idea (35.27 crore shares), and PC Jeweller (15.44 crore shares) topped the list of most traded stocks on the NSE.
6. Big Movers on BSE
As many as 16 stocks surged over 15% on the BSE. Notable gainers included D.P. Wires, Filtron Engineers, Prospect Consumer Products, IZMO, and Disha Resources.
7. Advance-Decline Ratio
Of the 4,248 stocks traded on the BSE, 2,098 advanced, 1,995 declined, while 155 remained unchanged, reflecting a largely balanced market breadth.
8. Stocks at 52-Week Highs
As many as 143 stocks touched their 52-week highs on the BSE, including Maruti Suzuki India, TVS Motor Company, Marico, HDFC Asset Management, and Apollo Hospitals.
9. Stocks at 52-Week Lows
On the flip side, 49 stocks slipped to their 52-week lows. Notable names included Hindusthan National Glass, Indogulf Cropsciences, Regaal Resources, Sharika Enterprises, and U.Y. Fincorp.
10. Technical Take on Nifty
According to Shrikant Chouhan, Head of Equity Research at Kotak Securities, the Nifty 50 formed a small candle on daily charts, reflecting indecision between bulls and bears.
He noted that while the broader trend remains positive, intraday corrections could offer buying opportunities, whereas rallies may be used for profit booking.
Chouhan highlighted key support levels at 25,000 and 24,950, with resistance seen near 25,150 and 25,250. A slip below 24,950, however, could alter sentiment and trigger profit-taking in long positions.
Disclaimer: This article is intended for informational and educational purposes only. The opinions and recommendations expressed are those of individual analysts or brokerage firms and do not reflect the views of NewsPoint. Investors are advised to consult certified financial advisors before making any investment decisions.
Lingering worries over Trump’s tariff stance, stretched valuations, and weak global signals kept investor sentiment cautious. Broader markets lagged, with the BSE Midcap index dipping 0.12% and the Smallcap index ending almost unchanged.
Sensex & Nifty Wrap-Up: 10 Key Highlights from the Day’s Trade
1. What lifted the benchmarks?
Gains in heavyweight stocks like ICICI Bank, Reliance Industries, L&T, Bajaj Finance, and HDFC Bank supported the Sensex in closing higher. Proposed GST reforms, S&P’s upgrade, and favourable growth-inflation trends continue to act as long-term positives. However, sentiment remains cautious with the August 27 secondary tariff deadline nearing. Stock-specific moves were visible across segments.
Vinod Nair, Head of Research at Geojit Investments, noted: " Indian equities ended mixed, as investors turned to profit booking after a recent rally and concerns over the premium valuation due to the subdued end of Q1 earnings."
He further added, "India’s record-high composite PMI in August, reflecting strong expansion in both manufacturing and services, particularly in business activity, may provide stability in the near term. Investors remain cautious ahead of the upcoming Jackson Hole symposium on Friday, and rising domestic bond yields due to fiscal concerns surrounding GST rationalisation."
2. Nifty 50 Top Gainers
Cipla led the pack with a gain of 3.09%, followed by Dr. Reddy’s Laboratories, which rose 2.61%, and Bajaj Finserv, up 1.03%. 3. Nifty 50 Top Losers
On the downside, Tata Consumer slipped 1.57%, Bajaj Auto fell 1.56%, and Eternal declined 1.55%.Overall, the index saw more weakness, with 28 stocks ending in the red while 22 managed to close higher.
4. Sectoral Indices
Nifty Pharma and Healthcare advanced nearly 1% each, while Auto, FMCG, and PSU Bank indices closed lower. Nifty Bank managed a small gain of 0.10%, and the Financial Services index added 0.32%. 5. Most Active Stocks by Volume
Ola Electric Mobility (56.43 crore shares), Vodafone Idea (35.27 crore shares), and PC Jeweller (15.44 crore shares) topped the list of most traded stocks on the NSE. 6. Big Movers on BSE
As many as 16 stocks surged over 15% on the BSE. Notable gainers included D.P. Wires, Filtron Engineers, Prospect Consumer Products, IZMO, and Disha Resources. 7. Advance-Decline Ratio
Of the 4,248 stocks traded on the BSE, 2,098 advanced, 1,995 declined, while 155 remained unchanged, reflecting a largely balanced market breadth.8. Stocks at 52-Week Highs
As many as 143 stocks touched their 52-week highs on the BSE, including Maruti Suzuki India, TVS Motor Company, Marico, HDFC Asset Management, and Apollo Hospitals. 9. Stocks at 52-Week Lows
On the flip side, 49 stocks slipped to their 52-week lows. Notable names included Hindusthan National Glass, Indogulf Cropsciences, Regaal Resources, Sharika Enterprises, and U.Y. Fincorp. 10. Technical Take on Nifty
According to Shrikant Chouhan, Head of Equity Research at Kotak Securities, the Nifty 50 formed a small candle on daily charts, reflecting indecision between bulls and bears. He noted that while the broader trend remains positive, intraday corrections could offer buying opportunities, whereas rallies may be used for profit booking.
Chouhan highlighted key support levels at 25,000 and 24,950, with resistance seen near 25,150 and 25,250. A slip below 24,950, however, could alter sentiment and trigger profit-taking in long positions.
Disclaimer: This article is intended for informational and educational purposes only. The opinions and recommendations expressed are those of individual analysts or brokerage firms and do not reflect the views of NewsPoint. Investors are advised to consult certified financial advisors before making any investment decisions.
Next Story