Stock Markets continued their run of registering gains on 22nd August 2024. Nifty50 has extended their consecutive sessions of gains to six. Investors found enthusiasm with possible US Federal Reserve decreasing interest rates. International Markets ended with huge profits and it aided our markets, too.
Going into the details, IT stocks have traded in profits pushing the overall gains in both trademark indices. While BSE and Nifty50 did start with record level highs over previous closing. Interestingly, they did not end above starting marks yet recorded gains. On the whole, Big indices of Stock Markets, BSE gained 147.89 points to close at 81,053.19 and Nifty50 gained 41.30 points to close at 24,811.50 mark.
In this session of Stock Markets, BSE Sensex started trading higher than the previous closing at 81,207.24 and then continued to trade between 80,954.02 – 81,236.45. On the other hand, Nifty Sensex started trading higher than the previous closing too, at 24,863.40 mark and it hit its highest for the day at 24,867.35. While Nifty50 hit the lowest at 24,784.45.
Indian Rupee traded at Rs.83.92 against USD on 22nd August 2024. Bharti Airtel, Tata Steel, ICICI Bank, Titan Company, Asian Paints ended as Top Gainers in Sensex. Grasim Industries, Tata Consumer, Bharti Airtel, Tata Steel, ICICI Bank ended as Top Gainers in Nifty50.
On the other hand in top indices of Stock Markets; Tata Motors, Mahindra & Mahindra, Wipro, NTPC, Tata Consultancy Services stocks ended as Top Losers in Sensex. While Tata Motors, Wipro, NTPC, Dr. Reddy’s Laboratories, Mahindra & Mahindra ended as Top Losers in Nifty50.
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