NIFTY 50: ...
SENSEX: ...
RELIANCE: ...
TCS: ...
HDFC BANK: ...
ICICI BANK: ...
INFY: ...
Bite-sized market moves, explained simply.
A major regulatory development is SEBI's action against a JPMorgan-owned entity and another brokerage over alleged manipulation involving the recently introduced Closing Auction Session (CAS). The case has raised concerns about potential vulnerabilities in the new closing-price mechanism.
The IT sector has seen weakness today, while some financial and commodity-linked stocks have shown relative strength. TCS, Infosys and HCLTech were reported among the weaker stocks in early trade.
On 20 August, the Nifty gained 0.64% to 24,231.85, breaking a seven-session losing streak, while the Sensex rose 0.82% to 77,537.72. Today's session suggests that the recovery is continuing, but with limited momentum and significant caution.
Higher oil prices, driven partly by geopolitical tensions involving the U.S. and Iran, are creating concerns about inflation, India's import bill and corporate profitability. This remains one of the key factors keeping investor sentiment cautious.
Indian equities are showing a cautious and volatile session. Around the latest reported levels, the Nifty 50 was near 24,239 and the Sensex near 77,560, with both benchmarks moving only marginally.
A major regulatory development is related to the Closing Auction Session (CAS). SEBI has asked brokers to allow orders during the 3:15 PM–3:20 PM transition period, with the objective of improving liquidity and price discovery.
The RBI has kept the repo rate at 5.25%, but policymakers have indicated that rate hikes could become necessary if inflationary pressures increase, particularly because of higher oil and input costs.
The Indian rupee recently touched a three-week low near Rs 95.75 per US dollar. Rising crude oil prices and dollar demand remain important concerns for the Indian economy and equity market.
In the previous session, FIIs bought shares worth about Rs 408 crore, while DIIs purchased around Rs 3,974 crore. Domestic institutional buying continues to provide support to the market.
After a seven-session losing streak, Indian markets saw a strong recovery today. The Sensex gained around 500 points, while the Nifty moved above 24,200. Positive global cues, lower US bond yields, FII buying, and short covering supported the rebound.
Indian stock market remained under pressure today as rising crude oil prices and Middle East tensions weakened investor sentiment. The Sensex fell around 0.40%, while the Nifty slipped to around 24,220. IT stocks were among the major losers, while Indo-MIM gained nearly 10% after strong earnings and Highway Infrastructure also moved higher following a government contract win. Investors are now closely watching crude oil prices, foreign investor activity and global market developments.
