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August 29, 2024 7:04 PM

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Market Update: Sensex up by 349 pts, Nifty50 gains 106 pts

India’s equity benchmark indices, Sensex and Nifty ended on a positive note in a volatile trading session amid buying across various sectors including IT, Auto and FMCG. Meanwhile, in the intra-day trade, both the indices touched a record high. At close, pack of 30 companies, the Sensex was up 349 points or 0.43 percent at 82,134. Nifty50 ended the session at 25,158 with 0.42 percent or 106 points gain.

In the broader market at the BSE, the Mid-Cap Index declined 0.27 percent and the Small-cap Index fell 0.72 percent.

In the Sensex index, 19 out of 30 Companies registered gains.

The top gainers today were, Tata Motors with 4.19 percent gain, Bajaj Finance and Bajaj Finserve added 2.41 percent each and HCL Tech increased 1.72 percent.       

Conversely, the major laggards were, Mahindra and Mahindra lost 1.11 percent, JSW Steel was 1.01 percent down and Sun Pharma shed 0.85 percent.               

 In Sectoral Indices at the BSE, 10 out of 20 Sectors traded in loss.

The top laggards were, Capital Goods and Industrials lost 0.89 percent each, Services declined 0.74 percent and Power fell 0.72 percent.

While, the top gainers today were, Oil and Gas which got an uptick of 0.91 percent, Energy gained 0.88 percent and FMCG added 0.58 percent.

The overall market breadth at the BSE was negative as out of 4,047 Companies, shares of 1,420 Companies advanced, 2,531 declined and 96 remained unchanged.

In the Forex market today, Indian rupee appreciated nine paise to end at 83 rupees and 86 paise against the U.S. dollar.

The dollar index, which indicates the US dollar’s strength against a basket of six other leading currencies, is trading at 101.15 in intra-day trade.

Three out of six major Asian indices traded in the positive territory. Singapore’s Straits Times index surged 0.60 percent, Gift Nifty gained 0.56 percent and Hong Kong’s Hang Seng Index rose 0.53 percent. Conversely, South Korea’s Kospi fell 1.03 percent, China’s Shanghai Composite Index shed half a percent and Japan’s Nikkei marginally declined 0.02 percent.

Major European Indices were trading in positive today. France’s CAC 40 gained 0.73 percent,

Germany’s DAX added 0.67 percent, and London’s FTSE was trading 0.31 percent higher, when reports last came in.

Oil prices were trading higher today, after two losing sessions.

In the global crude market, Brent crude was trading 0.53 percent up to trade at 79 dollars and seven cents per barrel. The U.S. West Texas Intermediate (WTI) was also trading 0.63 percent up at 74 dollars and 99 cents per barrel, when reports last came in.