Stock Markets ended with considerable gains on 20th August. Investors looked super positive in trading patterns today. They have been encouraged by positive trends in International Markets. Majorly, expectations on US Federal reserve to decrease interest rates has resulted in such a positive session after a flat session on 19th August.
Going into the details, both the trademark indices traded in green after a huge positive start. At no point, the investors looked to go for profit booking and hence, the after some tumultuous sessions, this session ended in solid gains. Hence, Big indices of Stock Markets, BSE gained 378.18 points to close at 80,802.86 and Nifty50 gained 126.20 points to close at 24,698.85 mark.
In this session of Stock Markets, BSE Sensex started trading higher than the previous closing at 80,722.54 and then continued to trade between 80,517.95 – 80,942.96. On the other hand, Nifty Sensex started trading higher than the previous closing too, at 24,648.90 mark and it hit its highest for the day at 24,734.30. While Nifty50 hit the lowest at 24,607.20.
Indian Rupee traded at Rs.83.76 against USD on 20th August 2024. Bajaj Finserv, Indusind Bank, Tech Mahindra, Bajaj Finance, Kotak Mahindra Bank ended as Top Gainers in Sensex. SBI Life Insurance Company, HDFC Life Insurance Company, Bajaj Finserv, Shriram Finance, Indusind Bank ended as Top Gainers in Nifty50.
On the other hand in top indices of Stock Markets; Bharti Airtel, ITC, Ultratech Cement, Tata Motors stocks ended as Top Losers in Sensex. While Oil & Natural Gas Corporation, Bharti Airtel, Adani Enterprises, Cipla, Apollo Hospitals Enterprise ended as Top Losers in Nifty50.
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