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Stock Market Highlights, Aug 16: Sensex climbs 1,331 pts; Nifty near 24,550; IT, Banks shine | News on Markets



Stock Markets Highlights on Friday, August 16: Equity benchmark indices, BSE Sensex and NSE Nifty50, ended the week’s last trading session with gains of over 1 per cent each, led by buying across sectors. The Sensex added 1330.96 points, or 1.68 per cent, to close at 80,436.84, while the Nifty50 advanced 397.40 points, or 1.65 per cent, to 24,541.15.


The day ended in favor of bulls as 47 out of 50 constituents of the Nifty50 index ended higher, led by Wipro, Tech Mahindra, Grasim, Mahindra & Mahindra, and Tata Motors with gains of up to 4.23 per cent.


In the BSE space, all 30 constituents of the Sensex ended higher, with gains led by Tech Mahindra, Mahindra & Mahindra, Tata Motors, UltraTech Cement, and TCS of up to 3.94 per cent.


The fear index, India VIX, ended lower at 14.40, down 6.18 per cent.


Smallcap and Midcap shares led the gains among the broader indices, with the Nifty Smallcap 100 index, and Nifty Midcap 100 index ending higher by 1.93 per cent and 1.86 percent, respectively.


All the sectoral indices settled with gains, led by Nifty IT, Auto, media, and Realty indices, which ended over 2 per cent each.




 



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