Stock Market LIVE: Sensex dips 150 pts, Nifty below 24,700; IT, Bank, Realty stocks decline
Stock Market LIVE updates on Wednesday, August 21: Divi's Labs, HDFC Life, Tata Motors, and Bharti Airtel were the top gainers on the NSE
 "BSE, NSE, Indian share market, Stock market")
Stock Market LIVE on Wednesday, August 21, 2024: Benchmarks Nifty50 and Sensex opened lower on Wednesday, tracking weak global cues. BSE Sensex opened 135.61 points or 0.17 per cent lower at 80,667.25 levels, while Nifty50 slipped 18.30 points or 0.07 per cent to 24,680.55 levels.
Divi's Labs, HDFC Life, Tata Motors, and Bharti Airtel were the top gainers on the NSE, while Shriram Finance, UltraTech Cement, and Tata Steel were the top laggards.
Broader markets, on the other hand, opened on a positive note. Nifty SmallCap rose 0.47 per cent while MidCap was trading 0.14 per cent higher.
Sectorally, the Nifty FMCG, and Media were leading the gains, while IT, Banks, and Realty indices traded lower.
9:43 AM
Genus Power Infra zooms 5% on large order win worth Rs 3,608.52 crore
9:33 AM
PNB Housing Fin soars 8% on General Atlantic divesting 5.1 per cent equity in Co
9:30 AM
Cyient zooms 3% on plans to sell 14.5% equity of its subsidiary Cyient DLM via block deals
9:23 AM
Nifty Realty, Nifty Bank lead sectoral losses
9:20 AM
Broader markets open in green
9:19 AM
L&T, Tata Motors lead on NSE
9:18 AM
Heatmap check
9:17 AM
Opening Bell: Nifty marginally lower at 24,681 levels
9:15 AM
Opening Bell: Sensex down 130 pts to 80,671 levels
9:10 AM
Pre-open: Nifty below 24,700
9:08 AM
Pre-open: Sensex dips over 130 pts
9:06 AM
Views By: V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
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Expert Speaks: 'Reversion to mean is a normal trend'
- An important trend in the market now is the shift in market preferences from overvalued segments to fairly valued segments. Attractively valued financials are witnessing value buying and overvalued segments like railways and defence- related stocks are witnessing profit booking. This is a healthy trend and is likely to sustain for some more time. Prices cannot soar continuously. Reversion to mean is a normal trend.
- The trend of FII selling and DII buying continues. But the fall in the dollar index to 101.39 has the potential to arrest the trend of FII outflows. But big FII investment will happen only if Indian valuations correct, which appears unlikely in the present context of sustained domestic inflows. Despite high valuations the undertone of the market continues to be bullish.
Views By: V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
9:04 AM
Currency check: Rupee opens mildly lower
8:48 AM ![]()
Expert Speaks: 'Near-term outlook favours Nifty bulls'
- The near-term outlook favours Nifty bulls, driven by the first U.S. interest rate cut in over four years, despite FIIs offloading Rs 33,000 crore since the Union Budget. The recent 3-day rally at Dalal Street, fuelled by strong SIP flows from retail investors and DIIs net buying Rs 36,000 crore in August, underscores this momentum.
- Key events to watch include the July FOMC minutes and Fed Chair Powell’s speech at the Jackson Hole conference, where hints of a 50-bps move could drive further market action.
- Key events to watch include the July FOMC minutes and Fed Chair Powell’s speech at the Jackson Hole conference, where hints of a 50-bps move could drive further market action.
View By: Prashanth Tapse, Senior VP (Research), Mehta Equities.
8:34 AM ![]()
Unimech Aerospace Ltd files draft papers with Sebi for Rs 500 cr IPO
Unimech Aerospace and Manufacturing Ltd has filed draft papers with capital markets regulator Sebi to float a Rs 500-crore initial public offering (IPO). The Bengaluru-based company's IPO comprises fresh issue of equity shares worth Rs 250 crore and an offer of sale (OFS) of up to Rs 250 crore by promoter and the promoter group, as per the draft red herring prospectus (DRHP). READ MORE
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First Published: Aug 21 2024 | 7:39 AM IST
