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.