Sensex, Nifty end marginally higher, markets rise for 5th day
Sensex
Domestic stock market indices ended in the green for the fifth consecutive session on August 27, supported by gains in select heavyweights such as HDFC, Axis Bank, Mahindra & Mahindra, SBI, ICICI Bank and IndusInd Bank.
The S&P BSE Sensex ended 39 points or 0.10 per cent higher at 39,113.47 levels, with IndusInd Bank (up over 6 per cent) being the top gainer and ONGC (down over 1 per cent) the biggest loser. NSE's Nifty ended at 11,559, up nearly 10 points, or 0.084 per cent. India VIX fell over 2 per cent to 18.90 levels.
In the broader market, the S&P BSE MidCap index ended flat at 15,155.04 while the S&P BSE SmallCap index ended at 15,025.51, up 0.35 per cent.
IndusInd Bank was the top gainer in the Sensex pack on Thursday, rallying 6.59 per cent, followed by M&M, SBI, HDFC, Axis Bank, Sun Pharma and Maruti.
On the other hand, ONGC, Bajaj Auto, RIL, Kotak Bank, UltraTech Cement and Bharti Airtel were among the laggards, shedding up to 1.47 per cent.
After opening higher, the markets continued to trade in the positive zone in the afternoon session as traders were encouraged by RBI Governor Shaktikanta Das' statement that the new resolution framework is expected to give durable relief to borrowers amid the COVID-19 crisis, said Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi.
)
Nigeria: Protesters take to the streets, police fire shots
)
US-Iran war: Tehran draws red lines — seven demands before any peace talks
)
Russia-Europe tensions: Polish PM warns Russian attacks could test NATO's unity
&im=FitAndFill=(700,400))
‘Not the US or China’: These are the countries leading the world in arable land
)
Mark Carney mimics Trump in hilarious moment over C$70 billion clean-energy investment; room erupts in laughter
)
Delhi voter roll shake-up: 3.31 million electors flagged in SIR review
)
‘End of my career...’: NSA Doval recalls tense Sikkim mission when China captured Indian intelligence team
)
Report: Iran rebuilding Taleghan 2, nuclear site tied to past weapons research, hit twice by Israel
)
Trump defends AI amid growing alarm, announces new 'AI force' and promises an 'AI czar'
)
Iran sets 7 conditions to end war with US: What are Tehran’s demands?
)
Trump announces ‘AI Force’ as debate grows over AI risks and regulation
)
China may have gained access to US's classified F-35 jets; parts meant for repairs diverted to Hong Kong, sparking Pentagon inquiry
)
Gaza under attack: Health chief's son killed in IDF strikes
)
Arvind Kejriwal, family members, Delhi CM Rekha Gupta get SIR notices
)
Cochin shipyard starts building Indian Navy's next-gen missile vessels
)
Saudi vs Houthis: Houthis claim missiles & drones used in attack on key Saudi sites
)
Ed Sheeran addresses Macklemore's removal, Gaza conflict during Philadelphia concert: 'I cannot hide how I feel'
)
‘Will go to any extent’: Pakistan vows to defend Saudi Arabia amid Houthi attacks
66 years of the Indus Waters Treaty: How India and Pakistan settled a bitter river dispute
)
The Verdict | When precision fails: US commits war crime in Minab school strike, UN finds
Russia attacks Ukraine with 174 drones, kills 8; 2 vessels hit in Black Sea
)
9 women found dead near Johannesburg: South Africans rally, demand 'enough' to femicide
)
Kampala-Ankara rift deepens: Uganda suspends military ties, seeks Fred Lumbuye's extradition
)
Trump wants to rename ‘Artificial Intelligence’, gives 3 options: Which one would you pick?
)
US-Iran war: Tehran sets seven conditions to re-engage in talks with US
)
Reacher star Alan Ritchson opens up about alleged blackmail, suicide attempt during difficult period
)
Africa is splitting, and a lot sooner than estimated, giving way to a new ocean
)
Flying cars in UAE: Ras Al Khaimah signs deal with Chinese company to test new transport
)
Trump bans CNN, MS NOW and Politico from White House over ‘FAKE NEWS’
)
Trump 2.0: Dark days ahead for America’s ‘imperial presidency’
&im=FitAndFill=(700,400))
How many F-35s does Britain, Japan and Israel have?
)
Harry Brook targets long reign at top of T20I rankings after Sri Lanka sweep
)
Russia's deadly Ukraine strikes kill 2 in Sumy, hit Dnipro mall
)
Russia holds first parliamentary elections since the beginning of the Ukraine war
&im=FitAndFill=(700,400))
Meet top 5 Indian batters with fastest T20I centuries
)
Raphinha hat-trick powers Barcelona to 3-1 win over Sevilla in La Liga
)
)
However, market participants turned cautious as August futures and options (F&O) contracts expired, traders said.
Further, global investors are awaiting cues from US Federal Reserve Chairman Jerome Powell's speech at the central bank's annual Jackson Hole symposium. Officials in the past have used the meeting, being held online this year, to make market-moving announcements.
Sectorally, the BSE realty index rallied 6.63 per cent, followed by auto, consumer durables, healthcare, bankex, finance, and industrials indices.
Broader BSE mid-cap and small-cap indices settled up to 0.35 per cent higher.
Bourses in Hong Kong, Tokyo and Seoul settled with losses, while Shanghai closed in the positive territory.
Stock exchanges in Europe were trading on a negative note in early deals.
Global oil benchmark Brent crude was trading 0.04 per cent higher at USD 46.18 per barrel.
Meanwhile, the rupee soared 48 paise to close at 73.82 against the US dollar after the RBI Governor said the central bank has not exhausted its ammunition to deal with the pandemic-induced stress.
Speaking at a webinar, Das also said rather than becoming averse to lending, banks have to improve their risk management and governance frameworks, and also build sufficient resilience.
(With inputs from agencies)