Stock Market LIVE Updates: GIFT Nifty indicates a flat start; US markets gain, Asia trades lower

Aug 28, 2024

HomeNewsBusinessMarketsClosing Bell: Nifty hits new high, Sensex up 74 points; IT, pharma gain

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Biggest Nifty gainers were LTIMindtree, Wipro, Divis Labs, IndusInd Bank and Bharti Airtel, while losers were Maruti Suzuki, Nestle India, Asian Paints, Adani Enterprises and Britannia Industries. Among sectors, IT, Pharma, and Healthcare up more than 1 percent each, while Media index sheds 1 percent. BSE Midcap and Smallcap indices are trading flat.

August 28, 2024 / 15:41 IST

Stock Market Today

Moneycontrol.com

August 28, 2024 / 03:41 PM IST

Aditya Gaggar Director of Progressive Shares

Indian equities commenced the session on a flat note but under the influence of the IT and Pharma counters, the Index moved towards the north, registering a fresh high of 25,130, although profit booking in the last session dragged the Index lower to settle at 25,052.35 with gains of 34.60 points.

As earlier indicated, IT was the top performer with gains of 1.64% followed by Pharma while the Media segment corrected the most.

At record levels, Long-Legged DOJI candlestick pattern with a probable bearish divergence in the RSI suggests loosening of the positive momentum. The same was spotted on the lower timeframe (hourly chart) as well.

A break below 24,970 will drag the Index further lower towards 24,840; while on the flip side, a firm close with a bullish candle above 25,100 is a must to continue its northward journey.
August 28, 2024 / 03:31 PM IST

Currency Check | Rupee closes lower

Indian rupee ended lower at 83.96 per dollar on Wednesday versus Tuesday’s close of 83.92.
August 28, 2024 / 03:30 PM IST

Market Close | Nifty hits new high, Sensex up 74 points; IT, pharma gain

Indian equity indices ended on positive note with Nifty around 25,050 on August 28.

At close, the Sensex was up 73.80 points or 0.09 percent at 81,785.56, and the Nifty was up 34.50 points or 0.14 percent at 25,052.30. About 1729 shares advanced, 2049 shares declined, and 85 shares unchanged.

Biggest Nifty gainers were LTIMindtree, Wipro, Divis Labs, IndusInd Bank and Bharti Airtel, while losers were Maruti Suzuki, Nestle India, Asian Paints, Adani Enterprises and Britannia Industries.

Among sectors, IT, Pharma, and Healthcare were up more than 1 percent each, and Telecom index was ip 0.5 percent, while Media index shed 1.4 percent and FMCG and PSU Bank down 0.4 percent each.

BSE Midcap and Smallcap indices ended flat.
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