Share Market HIGHLIGHTS: Sensex takes a 256-point hit on expiry day, Nifty sinks to 19,254
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex finished a volatile session on Thursday, August 31 in the red, the last session of the monthly derivatives (futures and options) series, amid mixed moves across global markets.
Investors awaited official data on the country's GDP due later in the day.
Catch minute-by-minute updates on the domestic stock market on August 31, and the views of Zee Business Managing Editor Anil Singhvi and other market experts — and much more — on Zeebiz.com's blog:
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex finished a volatile session on Thursday, August 31 in the red, the last session of the monthly derivatives (futures and options) series, amid mixed moves across global markets.
Investors awaited official data on the country's GDP due later in the day.
Catch minute-by-minute updates on the domestic stock market on August 31, and the views of Zee Business Managing Editor Anil Singhvi and other market experts — and much more — on Zeebiz.com's blog:
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Nifty snaps 5-month rally as financials, consumer stocks weigh
The blue-chip index lost 2.5 per cent of its value in August after gaining 14.2 per cent from March to July.
The Sensex dropped 2.6 per cent this month, having risen 12.8 per cent in the previous five months.
Closing Bell | Sensex ends 256 pts lower, Nifty settles at 19,254
The Sensex ends the last session of the August F&O series 255.8 points, or 0.4 per cent, lower at 64,831.4, and the Nifty settles at 19,253.8, down 93.7 points, or 0.5 per cent, from its previous close.
Here's how the indices moved during the session:
Sensex
Nifty
Images: BSE, NSE
Rupee declines by 16 paise to end at 82.79 vs US dollar
The rupee depreciates by 16 paise to settle at 82.79 against the US dollar, amid strength in the greenback and rising crude oil prices. The domestic unit began the day at 82.65 and gyrated in a range of 82.58-82.76 against the dollar during the session. According to forex traders, negative sentiment in the equity market and outflow of foreign funds also weighed on the domestic unit.
Investors await an official reading on India's GDP due later in the day for domestic cues.
Stock Market Tips LIVE | Buy Netweb Technologies shares, says Vikas Sethi
Vikas Sethi of Sethi Finmart recommends buying Netweb Tech shares for a price target of Rs 900 with a stop loss at Rs 825.
Sethi's target suggests an upside of 7.4 per cent in the stock from the previous close.
OCCRP alleges Adani family’s partners used 'opaque' funds to invest group stocks
Launching a salvo at Adani Group, OCCRP said that it found two cases where Adani family members bought and sold Adani Group shares. It further said that two people from Mauritius' Global Opportunities Fund have links with Vinod Adani, the elder brother of Gautam Adani.
Yet another horrible day for Adani group stocks
- All Adani Group stocks suffered losses on Thursday, with the flagship company Adani Enterprises’ shares falling as much as 5.1 per cent to Rs 2,385 apiece in intraday trade.
- At 2 pm, while the Adani Enterprises stock was down 2.8 per cent at Rs 2,443.9 apiece on BSE, shares in ACC, Ambuja Cements, Adani Ports, Adani Power, Adani Energy Solutions, Adani Green Energy, Adani Total Gas, Adani Wilmar and NDTV were struggling against losses of up to four per cent.
Ajanta Pharma stock declines after rising over 4%; gets USFDA nod for Topiramate Extended-Release capsules
Shares of Ajanta Pharma Ltd rose over 4 per cent in morning trading to touch the day's high of Rs 1,800 apiece, but they soon pared gains. The share jumped on the back of the company getting nod from the United States Food and Drug Administration (USFDA) to market Topiramate Extended-release capsules, 25 mg, 50 mg, 100 mg, and 200 mg.
Commodity Capsule: Brent crude oil dips; copper slides; gold set for monthly decline
Commodity Capsule: Analysts expect Saudi Arabia to roll over a voluntary oil cut of 1 million barrels per day for the third consecutive month into October, adding to the cuts in place by OPEC+.
Shares of oil marketing company under pressure after Centre’s move to cut LPG rates
State-run oil marketing companies’ shares remained under pressure in early morning deals on Thursday, after the central government approved a reduction of Rs 200 per cylinder in the prices of LPG in a big relief for the country’s households. Indian Oil Corporation Ltd (IOCL) shares fell as much as 1.4 per cent in morning trading on Thursday.
Traders' Diary: Buy, sell or hold strategy on SBI Life, RVNL, Patanjali Foods, CDSL, PVR-Inox, over a dozen other stocks today
In this edition of Traders' Diary, the Zee Business research team shares exclusive research on more than a dozen stocks that investors and traders can track during the course of the day. Check out which stocks are on analysts' radar, and what they recommend in cash and derivative segments.
BHEL shares clock 52-week high on the back of its robust order book
Bharat Heavy Electricals Ltd (BHEL) touched a fresh peak on Thursday after it won a deal from NTPC. The BHEL stock gained by as much as Rs 2.8, or 2.4 per cent, to Rs 121.5 apiece on BSE, surpassing a 52-week high touched the previous day.
Eicher Motors shares slide a day ahead of Bullet 350's new model launch
A day ahead of Eicher Motors is set to launch the new-generation Bullet 350, the shares of the company were trading 1.23 per cent down at Rs 3365.05 each on BSE in morning deals on Thursday (August 31, 2023).
Share Market Today LIVE | ICICI Bank, Jio Financial Services, Axis Bank, Infosys, Maruti Suzuki top boosts for Sensex
Here's a list of top contributors to the index at this hour:
Image: BSE
Share Market Today LIVE | Hindalco, Maruti Suzuki, HCL Tech, Axis Bank, PowerGrid rise most among 30-odd gainers in Nifty basket; Adani Enterprises, Adani Ports top losers
Top Nifty gainers
| Stock | Change (%) |
| HINDALCO | 1.36 |
| MARUTI | 1.13 |
| HCLTECH | 0.96 |
| AXISBANK | 0.9 |
| POWERGRID | 0.89 |
| TECHM | 0.86 |
| APOLLOHOSP | 0.74 |
| TATASTEEL | 0.74 |
| DRREDDY | 0.69 |
| LTIM | 0.61 |
Top Nifty losers
| Stock | Change (%) |
| ADANIENT | -2.11 |
| ADANIPORTS | -1.55 |
| HDFCLIFE | -0.87 |
| EICHERMOT | -0.83 |
| ASIANPAINT | -0.68 |
| TATACONSUM | -0.56 |
| BHARTIARTL | -0.46 |
| CIPLA | -0.46 |
| BAJFINANCE | -0.45 |
| BPCL | -0.45 |
Jio Financial Services locked in 5% upper circuit
Jio Financial Services shares continue to gain strength, after losing about one-fifth of their value in the first four trading sessions since their entry into the listed universe last week.
The stock is locked in the five per cent upper circuit, quoting at Rs 242.8 apiece on NSE.