new delhi, Aug 20
The stock market extended the winning run for the fifth consecutive session. This was led by IT, FMCG, and realty names, marking the longest gaining streak in the last two months.
At close, the Sensex was up 213.45 points or 0.26% at 81,857.84, and the Nifty was up 69.90 points or 0.28% at 25,050.55. The BSE Midcap and Smallcap indices rose 0.39% and 0.30%, respectively. The cumulative market capitalisation of BSE-listed firms rose to Rs 456 lakh crore from Rs 454 lakh crore in the previous session.
Among the sectors, the Nifty IT index spiked 2.69%, FMCG up by 1.39% and Realty up 1.06%. Nifty Media crashed 1.98%, Pharma was down by 0.44%, Private Bank down by 0.36%, PSU Bank down by 0.27%, and Healthcare down by 0.26%. Nifty Bank dropped 0.30%, while the Financial Services index declined 0.39%.
On Nifty50, around 28 stocks ended higher in the Nifty index. Infosys gained 3.83%, TCS up by 2.61%, and Nestle India up by 2.55%.
Some of the top losers were BEL down by 2.17%, Shriram Finance down 1.64%, and Bajaj Finance down by 1.62%.
Around 142 stocks hit their 52-week high, while in contrast, 53 stocks touched 52-week lows. Those on the highs included Apollo Hospitals Enterprise Ltd, Ashok Leyland Ltd, Delhivery Ltd, Eternal Ltd, Fortis Healthcare Ltd, HBL Engineering Ltd, JSW Steel Ltd, Marico Ltd, Maruti Suzuki India Ltd, One 97 Communications Ltd (Paytm), TVS Motor Company Ltd, and UltraTech Cement Ltd. While the notable mentions on lows were Agarwal Industrial Corporation Ltd, Flexituff Ventures International Ltd, Hindusthan National Glass & Industries Ltd, Praveg Ltd, Race Eco Chain Ltd, and Vantage Knowledge Academy Ltd.
Ola Electric shares have been moving higher on the bourses over the past two days, aided by heavy volumes. The stock of HUL surged 2% extending its rally to a third straight session.
As the Union Cabinet approved a Bill to regulate the online gaming sector, shares of these companies, namely Delta Corp, Nazara Technologies, and OnMobile Global, tumbled up to 6%. Investors will be watching for cues on rate cuts from Powell’s upcoming speech.
