Stock Markets ended flat on 12th August post recent allegations from Hidenburg report. Adani stocks majorly hit huge during the morning but recovered intraday. Majority of the stocks traded at the same level but some really excelled. After trading in green till afternoon, selling pressure hit the indices and resulted in ending super flat.
Going into the details, this session served as a big oscillating switch for investors. While major stocks like Axis Bank, Infosys, HDFC Bank did trade in green, stocks like State Bank of India, NTPC lost big time. Forcing a flat ending, Big indices of Stock Markets, BSE lost 56.99 points to close at 79,648.92 and Nifty50 gained 20.50 points to close at 24,347.00 mark.
In this session of Stock Markets, BSE Sensex started trading below the previous closing at 79,330.12 and then continued to trade between 80,106 – 79,226.13. On the other hand, Nifty Sensex started trading above the previous closing too, at 24,386.85 mark and it hit its highest for the day at 24,419.75. While Nifty50 hit the lowest at 24,311.20.
Indian Rupee traded at Rs.83.97 against USD on 12th August 2024. Axis Bank, Infosys, Tata Motors, HDFC Bank, Kotak Mahindra Bank ended as Top Gainers in Sensex. Oil & Natural Gas Corporation, Hero Motocorp, Axis Bank, Infosys, JSW Steel ended as Top Gainers in Nifty50.
On the other hand in top indices of Stock Markets; NTPC, Power Grid Corporation of India, State Bank of India, Nestle India, Mahindra & Mahindra stocks ended as Top Losers in Sensex. While NTPC, Adani Ports & Special Economic Zone, Dr. Reddy’s Laboratories, Britannia Industries, SBI Life Insurance Company ended as Top Losers in Nifty50.
SS Rajamouli, Nani, Ram Charan praise and congratulate Committee Kurrollu
