Stock Market LIVE: Sensex adds 300 pts, Nifty near 24,700; IT, Banks lead

Stock Market LIVE updates on August 20: BPCL, TCS, Hero MotoCrop, IndusInd Bank, and UltraTech Cement were the top gainers on the NSE

Stock Market LIVE on Tuesday, August 20, 2024: Benchmark equity indices, BSE Sensex and NSE Nifty50, opended higher on Tuesday, tracking strong global cues.

BSE Sensex opened 297.86 points or 0.37 per cent higher at 80,722.54 levels, while Nifty50 rose 76.25 points or 031 per cent to 24,648.90 levels.

BPCL, TCS, Hero MotoCrop, IndusInd Bank, and UltraTech Cement were the top gainers while ONGC, Bharti Airtel, Cipla, HCL Tech and ITC were the top laggards on NSE.

Similarly, on BSE, TCS, IndusInd Bank, and UltraTech Cement were the gainers while Bharti Airtel, JSW Steel, and HCL Tech were the top laggards.

Broader markets also rose. The Nifty SmallCap climbed 0.51 per cent while the MidCap index traded 0.48 per cent higher.

Sectorally, Nifty Metal and Oil Marketing Companies (OMCs) were the top gainers, rising up to 0.70 per cent.

10:58 AM

Crude oil prices hit 2-week lows; how to trade, key levels to watch today?

Oil prices tumbled to two-week lows on Tuesday morning in Asian trade with WTI future trading down 0.4 per cent at $73.50, following 3 per cent fall of Monday. Besides, oil prices have fallen 4.5 per cent in August so far as concerns about energy demand in China, the world's second-largest crude consumer, is bearish for oil prices. READ MORE

10:53 AM

Zomato share price falls as 2% equity changes hands via block deals on BSE

Shares of Zomato were down 2 per cent at Rs 257.10 on the BSE in Tuesday’s intra-day trade after 2 per cent equity of food aggregator changed hands via block deals. In the past two trading days, the stock declined 8 per cent from its record high level of Rs 280 touched on Monday, August 19. READ MORE

10:49 AM

Polycab India shares rise 3% after UBS initiates 'buy'; check out target

Shares of Polycab India climbed over 3 per cent in the intraday deals on Tuesday, August 20. The rise came after global brokerage UBS initiated coverage with 'Buy' rating. UBS gave a target of Rs 8,550 apiece on PolyCab India shares, which translates to a 28.8 per cent upside from the current levels. READ MORE

10:30 AM

Broader markets check: Nifty SmallCap continues to rise

10:29 AM

ALERT :: Nifty trading near day's high

10:27 AM

ALERT :: Sensex at day's high

10:27 AM

Saraswati Saree Depot listing: Scrip debuts at over 20% premium on BSE, NSE

Shares of leading Indian saree manufacturer and wholesaler, Saraswati Saree Depot, made a strong debut on the bourses amidst positive market sentiments. Saraswati Saree Depot shares listed at a premium of Rs 40, or 25 per cent, at Rs 200 on the BSE against the IPO issue price of Rs 160. READ MORE

10:11 AM

Ola Electric rallies for 7th straight day; zooms 107% against issue price

The upward movement in Ola Electric Mobility share price continued on the bourses on Tuesday. The share price of the electric vehicles' (EV) manufacturer hit a new high of Rs 157.53 on the BSE in the intra-day trade today and has more-than-doubled against its issue price in just seven trading days. READ MORE