- Sebi delays implementation of new norms for proxy advisors due to Covid-19
- IndusInd Bank soars 9% after UBS upgrades the stock to 'Buy' from 'Sell'
- Godfrey Phillips India in focus; shares advance over 14%
- Godrej Properties, DLF: How to trade real estate stocks post stamp duty cut
- Gillette India rises 4% as sales recover to pre-Covid levels in June, July
- IGL slips 2% post 86% decline in Q1 profit; ICICI Securities retains "SELL"
- Oberoi, Godrej Prop to gain most from Maharashtra stamp duty cut: Analysts
- Sunteck Realty zooms 19%, HDFC up 3% as Maharashtra govt cuts stamp duty
- Future Enterprises hits 5% upper circuit as board to consider raising funds
- Hindustan Aeronautics tanks over 11% as government plans to sell 15% stake
F&O expiry: Indices gain for 5th day, Nifty above 11,550; DLF advances 10%
All that happened in the markets today
Topics
Markets | US Fed | Tata Sons
SI Reporter |
Last Updated at August 27, 2020 16:15 IST
EVENT HIGHLIGHTS
(Photo credit: Kamlesh Pednekar)
The benchmark indices ended in the green on Thursday, the last day of the futures and options (F&O) contracts for August series; however, the gains were capped amid selling in blue-chip counters such as Reliance Industries (RIL), HDFC Bank, and Infosys. It was the fifth straight session of gains for the headline indices.
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.
Buzzing stocks
Realty stocks rallied in trade after Maharashtra government on Wednesday announced a cut in stamp duty and other levies for buying and selling of properties in urban and rural areas. Nifty Realty index jumped over 6 per cent to settle at 232.80 levels. READ MORE
Shares of Hindustan Aeronautics (HAL), the state-owned aerospace and defence company, tanked over 14 per cent to Rs 1,010.95 on the BSE, a day after the company informed that the government plans to sell as much as 15 per cent stake in the company through a public offering of shares.
IndusInd Bank jumped over 9 per cent during the session after global agency UBS upgraded the stock to 'Buy' from 'Sell'. The stock ended at Rs 605.55, up 6.6 per cent.
Global markets
Asian shares touched two-year peaks on Thursday in the wake of Wall Street’s record run as cheap cash drove up big-cap tech darlings, although Sino-US tensions caused caution to creep in as the session progressed.
MSCI’s broadest index of Asia-Pacific shares outside Japan had edged up 0.1 per cent after earlier reaching its highest since August 2018.
Japan’s Nikkei eased 0.4 per cent from levels not seen since mid-February, while South Korea fell 0.8 per cent as a jump in coronavirus cases ended four days of rises.
In Europe, cautious mood prevailed as investors looked ahead to the US Federal Reserve Chairman Jerome Powell’s outlook on monetary policy.
Oil prices held steady as a massive hurricane in the Gulf of Mexico raced towards the heart of the US oil industry, which has forced oil rigs and refineries to shut down production.
(With inputs from Reuters)
CATCH ALL THE LIVE UPDATES
Auto Refresh
Load More
Copyrights © 2020 Business Standard Pvt Ltd. All rights reserved.