Share Market Today: Sensex, Nifty set to open in green; GIFT Nifty futures up over 150 pts
Share Market Today, August 16: Both US and Asian markets indicated positive zones, Nasdaq ended higher, up 2.34 per cent, and MSCI Asia ex Japan is up 1.12 per cent.
)
08:10 AM IST
Share Market Today, August 16: After a holiday, domestic equity benchmarks Sensex and Nifty will likely open positive in today's (August 16) session. At around 7:00 am, GIFT Nifty futures, an early indicator of the Nifty50 index, were up 154 points or 0.64 per cent at 24,329 ahead of opening on Dalal Street.
Global Markets Update: US and Asian stocks higher
Both US and Asian markets indicated positive zones, Nasdaq ended higher, up 2.34 per cent, and MSCI Asia ex Japan is up 1.12 per cent.
Here's a look at all the global key indices:
- MSCI Asia ex Japan up 6.25 points or 1.12 per cent at 564.71
- Japan's Nikkei 225 up 1086 points or 2,96 per cent at 37,813
- Hong Kong's Hang Seng up 205 points or 1.21 per cent
- Nasdaq closed higher, up 401 points or 2.34 per cent at 17,594
- Dow Jones up 554 points or 1.39 per cent at 40,568
- S&P 500 up 88 points or 1.61 per cent at 5,548
Why did US stock market rally?
- For the first time since March 2021, retail inflation has fallen below 3 per cent
- A strong increase in July retail sales
- Fears of an economic recession have subsided
- Now, interest rates are expected to fall faster and further
- No negative news emerged regarding Israel-Iran tensions
On Wednesday, August 14, 2024, domestic headline indices closed in green zone, with Sensex ending higher at 79,105, up 149.85 points or 0.19 per cent, while the 50-share index closed at 24,143, up 4.75 points or 0.02 per cent. Here are the top gainers and losers of the Nifty 50 index:
Nifty 50 top gainers
| TCS | 2.29 |
| HCLTECH | 1.96 |
| TECHM | 1.47 |
| INFY | 1.25 |
| M&M | 1.16 |
| WIPRO | 1.06 |
| BPCL | 1.06 |
| BHARTIARTL | 0.93 |
| TATAMOTORS | 0.89 |
| LTIM | 0.88 |
| SBIN | 0.71 |
| BAJAJ-AUTO | 0.54 |
| ITC | 0.52 |
| TITAN | 0.49 |
| SBILIFE | 0.38 |
| MARUTI | 0.29 |
| HDFCBANK | 0.29 |
| HINDALCO | 0.28 |
| NTPC | 0.21 |
| BAJFINANCE | 0.14 |
| ASIANPAINT | 0.11 |
| HDFCLIFE | 0.1 |
| SUNPHARMA | 0.04 |
| SHRIRAMFIN | 0.02 |
Nifty 50 top losers
| DIVISLAB | -4.03 |
| HEROMOTOCO | -3.17 |
| COALINDIA | -3 |
| ULTRACEMCO | -2.35 |
| DRREDDY | -2.14 |
| JSWSTEEL | -1.97 |
| ONGC | -1.82 |
| ADANIENT | -1.81 |
| TATASTEEL | -1.6 |
| ADANIPORTS | -1.58 |
| EICHERMOT | -1.28 |
| CIPLA | -1.14 |
| POWERGRID | -1.08 |
| TATACONSUM | -0.97 |
| BAJAJFINSV | -0.9 |
| APOLLOHOSP | -0.77 |
| HINDUNILVR | -0.74 |
| ICICIBANK | -0.61 |
| AXISBANK | -0.6 |
| INDUSINDBK | -0.56 |
| BRITANNIA | -0.4 |
| LT | -0.33 |
| GRASIM | -0.3 |
| NESTLEIND | -0.27 |
| RELIANCE | -0.24 |
| KOTAKBANK | -0.17 |
What should investors/traders track today?
Here is a list of stocks that are likely to be in focus today including SBI, Mahindra & Mahindra (M&M), Vedanta Ltd, Hindustan Zinc Ltd (HZL), Punjab National Bank (PNB), Coal India Ltd (CIL), Bharti Hexacom, Capital Small Finance Bank, Container Corp, Elixir, Macrotech, and Page Industries.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
)
)
)
)
)
)
)
)
)
)
First Trade: Indices open with mild gains, Nifty at 25,455; Trent down 8%
First Trade: Nifty opens higher at 25,501; DMart falls over 3%
Gabriel India shares surge 20% on NSE after announcing strategic business restructuring
First Trade: Indices open higher for 5th consecutive session; Nifty at 25,665
Torrent Pharma's Rs 25,689-crore JB Chem Deal Decoded; Here's what investors should know 
