Share Market Highlights, Aug 26: Sensex adds 612 points, Nifty holds 25,000; IT, Metal shares shine | News on Markets

US Fed has signalled a rate cut in September, which is reflected in the decling US treasury yields and dollar index, which has led to a rally in global markets despite there being no indication of size of cuts.

Indian markets hit a new high led by change in FIIs stance to positive from negative along with continued strong DIIs inflows.

Although the overall trend was positive, large-caps outperformed on account of healthy earnings and relatively fair valuation compared to broader markets.

IT, Realty, FMCG and Consumption gained on account of improved outlook.

Views by: Vinod Nair, Head of Research, Geojit Financial Services

The Nifty remained strong throughout the day. On the daily chart, a visible green candle has formed after two consecutive negligible red candles, suggesting improving sentiment.

However, resistance is evident at 25,080, and a decisive move is needed to witness a rise toward 25,300.

On the other hand, failure to move above 25,080 might trigger selling in the market, potentially bringing the index back toward 24,800.

Views by: Rupak De, Senior Technical Analyst, LKP Securities

BSE SmallCap index underperformed both — benchmarks and MidCap index — as it rose only 0.2%

The Nifty Metal index rallied over 2%, followed by the Nifty Realty (1.7%), and the Nifty IT index (1.4 per cent).

21 of the 30 BSE Sensex stocks ended higher today, while 9 ended in the red.

HCL Tech, NTPC, Bajaj Finserv, Tech M, JSW Steel, Titan, and M&M were the top gainers, while Kotak Bank, IndusInd Bank, Maruti Suzuki, HUL, and Sun Pharma were the top losers on the Sensex today

Nifty50 index closed at 25,011 on Monday, August 26, amid positive comments from US Fed Chair Jerome Powell.

BSE Sensex index closed 612 points, or 0.75 per cent higher, today, August 26, at 81,698 levels after US FEd chair Jerome Powell siganlled at the beginning of the rate cut cycle in the US September 2024 onwards

The move was in line with the rupee’s recent underperformance as the currency has failed to gain from the dollar’s broad slump. READ MORE

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