• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Sensex Closes Up 378 Points, Bank Shares Lead The Rally

OMMCOM NEWS by OMMCOM NEWS
August 20, 2024
in Business

Mumbai:  India equity indices closed in the green on Tuesday following positive sentiments in the markets.

At closing, Sensex was at 80,802, up 378 points or 0.47 per cent and Nifty was at 24,698, up 126 points or 0.51 per cent.

Banking stocks led the market on Tuesday. Nifty Bank closed at 50,803, up 434 points or 0.86 per cent.

In the Sensex pack, Bajaj Finserv, IndusInd Bank, Tech Mahindra, Bajaj Finance, Kotak Mahindra, Axis Bank, Sun Pharma, Wipro, NTPC, SBI and HCL tech were major gainers. Bharti Airtel, ITC, JSW Steel, and Ultratech Cement were the major losers.

Among NSE sectoral Indices, IT, PSU Bank, fin service, pharma, metal, energy, infra and Pvt Bank were the major gainers.

However, FMCG and media were major laggards.

India VIX was down by 3.49 per cent at 13.82 points, which shows that the market remains stable.

According to the market experts, “The domestic market started the session with a strong surge, buoyed by positive global sentiment amidst Israel-Hamas ceasefire talks and diminishing US recession fears due to recent favourable data.”

“Concurrently, easing geopolitical risks and weak China demand have led to a decline in crude prices, benefiting the domestic economy,” they added.

The foreign institutional investors (FIIs) extended their buying as they bought equities worth Rs 2,667 crore on August 19, while domestic institutional investors also bought equities worth Rs 1,802 crore on the same day.

Rupak De, Senior Technical Analyst of LKP Securities, said: “The Nifty moved above 24,700 after sustaining above 24,600. The trend is likely to remain strong as long as it stays above the 24,600-24,650 range. A decisive fall below 24,600 might trigger a reversal of the current uptrend. On the higher end, the Nifty might move towards 24,840-24,860.”

India equity benchmarks opened in the green too. At 9:50 a.m., Sensex was 364 points or 0.44 per cent at 80,774 and Nifty was 108 points or 0.44 per cent at 24,683.

(IANS)

Tags: Sensex
ShareTweetSendSharePinShareSend
Previous Post

MVA Slams Maha Govt Over Badlapur Nursery Girls Rape Case, Seeks SIT Probe

Next Post

15 Palestinians Killed By Israeli Airstrikes In Gaza

Related Posts

Business

Silver Hits Fresh All-Time High On MCX Amid Geopolitical Tensions

June 17, 2025
Business

NSE Gets SEBI’s Nod To Shift Derivatives Expiry To Tuesday

June 17, 2025
Business

Markets End Lower As Mideast Tensions, Rising Oil Prices Weigh On Sentiment

June 17, 2025
Business

Oil Prices Continue To Surge Amid Growing Israel-Iran Tensions

June 17, 2025
Business

Samsung Kicks Off Strategy Meetings Amid Global Market Challenges

June 17, 2025
Business

Indian Stock Market Opens Lower Amid Weak Asian Cues

June 17, 2025
Next Post

15 Palestinians Killed By Israeli Airstrikes In Gaza

India Adds 7.3 Crore Internet Subscribers, 7.8 Crore Broadband Users In 1 Year

Rahul Evades Question On Kolkata Horror During Visit To LS Constituency; BJP Bristles

Khimji
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.