Indian equity indices ended on a positive note today, with key movements in major sectors and individual stocks.
– Nifty 50: Closed flat at 25,151
– Sensex: Closed at 82,134
Market Volatility
– India VIX: Down by 1.15%, now at 13.79
– Put Call Ratio: 1.21
Mid Cap & Small Cap Indices
– Mid Cap: Down by 0.45%, closed at 21,741
– Small Cap: Down by 0.57%, closed at 18,077
Sectoral Highlights
– Nifty Oil & Gas: Best performing sector, up by 0.94%
– Nifty FMCG: Up by 0.72%
– Nifty Pharma & Nifty Metal: Both down by 0.48%
Top Gainers
– TV18 Broadcast: +7%, closed at ₹51
– Whirlpool: +5%, closed at ₹2,195
Top Loser
– Welspun Living: Down by over 5%
In the News
– Moody’s: Raises India’s 2024 GDP growth forecast to 7.2% from 6.8%.
– Reliance Industries: Shares jump 2.6% ahead of board meeting on September 5th to consider a 1:1 bonus issue.
– Bajaj Twins: Shares of Bajaj Finance and Bajaj Finserv gained up to 3% on reports of Bajaj Housing Finance’s upcoming IPO, aiming to raise ₹7,000 crore.
– Whirlpool of India: Stock hits a 52-week high with a 7% surge, marking an 86% increase over six months, following the sale of a 24% stake by Whirlpool Mauritius Limited.
– Sonata Software: Shares rallied over 7% to ₹671 after securing a multi-million dollar IT outsourcing contract from a US healthcare company.
– Reliance Industries’ Media Arms: TV18 Broadcast and Network18 Media & Investments surged as much as 13% after CCI approved the merger with Disney’s Indian media assets.
– JM Financial: Shares surged over 11% following a report of a 6.2% YoY dip in net profit and a 5.4% drop in revenue for the quarter ended June 30, 2024.
