Bombay Stock Exchange building. (Express archive photo)Share/Stock Market Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) ended flat on Wednesday after hitting fresh all-time highs earlier in the day.
The S&P BSE Sensex ended at 55,944.21, down 14.77 points (0.03 per cent), while the Nifty 50 settled at 16,634.65, up 10.05 points (0.06 per cent).
Earlier in the day both the frontline indices had opened on a positive note and hit their respective record highs, the Sensex breached the 56,000-mark and touched 56,198.13 while the broader Nifty surged to 16,712.45.
TCS was the top gainer on the Sensex pack, rising over 1 per cent, followed by Infosys, Reliance Industries (RIL), HUL, Nestle India and ITC. On the other hand, Bajaj Finserv, Titan, Maruti Suzuki, Bharti Airtel and Tata Steel were among the laggards.
In the broader market however, the S&P BSE MidCap index ended 22,947.56, up 131.21 points (0.58 per cent) while the S&P BSE SmallCap settled at 25,961.50, 174.54 points (0.68 per cent).
(with inputs from agencies)
"Market opened positively but main indices closed on a flattish note due to muted performance by large caps. The broad market was more positive, as Midcaps bounced after the correction mode during the month, which lifted the morale of investors. The global market traded positive on Covid vaccine approval and in anticipation of a dovish comment by the Fed chair in the upcoming meeting (Jackson Hole)"
Rupee slips 5 paise to close at 74.24 (provisional) against US dollar.
(PTI)
The S&P BSE Sensex ended at 55,944.21, down 14.77 points or 0.03 per cent, while the Nifty 50 settled at 16,634.65, up 10.05 points or 0.06 per cent.
Finance Minister Nirmala Sitharaman on Wednesday undertook the annual performance review of the public sector banks (PSBs) and launched the EASE 4.0 or Enhanced Access and Service Excellence – a common reform agenda for PSBs aimed at institutionalising clean and smart banking. Click here to read the complete report
Here's how the key indices on the BSE were performing:
Cabinet okays 2021-22 cane fair price at Rs 290/100 kg.
Cottonseed oil cake prices on Wednesday increased by Rs 15 to Rs 2,970 per quintal in futures trade as speculators created fresh positions driven by firm spot demand.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for delivery in September traded up by Rs 15, or 0.51 per cent, to Rs 2,970 per quintal with an open interest of 60,070 lots.
Marketmen said raising of positions by participants amid a rising demand from cattle-feed makers mainly influenced cottonseed oil cake prices here.
(PTI)
Oil prices nudged lower on Wednesday, taking a breather after a strong rally this week spurred by the loss of a quarter of Mexico's production and signs that China, the world's biggest importer, has curbed a recent coronavirus outbreak.
Brent crude futures dropped 9 cents, or 0.1%, to $70.96 a barrel by 0639 GMT, while US West Texas Intermediate (WTI) crude futures fell 19 cents, or 0.3%, to $67.35.
(Reuters)
Here's how the key indices on the BSE were performing at noon.
The prices of petrol and diesel remained unchanged across the country on Wednesday, August 25. On August 24, petrol and diesel prices were cut by 15 paise per litre each in the national capital.
The price of petrol in Delhi stands at Rs 101.49 per litre while that of diesel is at Rs 88.92. In Mumbai, petrol currently costs Rs 107.52, while diesel is retailing at Rs 96.48, data available on Indian Oil Corporation’s website showed. Click here to read the complete report
The Indian rupee declined 5 paise to 74.24 against the US dollar in opening trade on Wednesday, tracking the firm American currency.
At the interbank foreign exchange, the rupee opened at 74.20 against the dollar, then fell further to 74.24, registering a fall of 5 paise over its previous close.
(PTI)
"Q1 FY22 sales growth for most pharma companies was driven by their India business. Overall sales of the companies we cover grew 11.6 per cent to Rs168.7 billion. India growth was much higher in Q1 (44.9 per cent), ahead of the industry’s ~37 per cent growth. Challenges in the US and the higher base in API largely offset the benefits of India sales. EBITDA slipped 2.5 per cent to Rs42.1 billion. The EBITDA margin shrank 364bps to 25 per cent from higher price erosion in the US, raw material price rises and normalised promotional expense. Adj. PAT declined 2.4 per cent to Rs27.8 billion."
Among the sectoral indices on the National Stock Exchange (NSE), the Nifty IT index was trading nearly 1 per cent higher, while the Nifty FMCG and Nifty Metal indices were up over 0.5 per cent each.
On the 30-share BSE benchmark, gains were being led by Tata Consultancy Services, Nestle India, Infosys, ITC, Tata Steel and Bajaj Finance.
Sensex surges 133.50 pts to 56,092.48 in opening session; Nifty advances 42.90 pts to 16,667.50.
(PTI)