Finance
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Friday’s trading session in the positive territory. The NSE Nifty 50 rose 397.40 points, or 1.65%, to close at 25,541.15, while the BSE Sensex rose 1330.96 points, or 1.68%, to 80,436.85. The broader indices closed in positive territory, led by Mid-cap and Small-cap equities. The Bank Nifty index closed at 50,516.90, up 789.60 points (1.59%). IT and Realty companies outperformed the other sectors indices, while PSU Banks and Pharma stocks rose.
Market Updates:
The NSE Nifty 50 jumped 397.40 points or 1.65% to settle at 25,541.15, while the BSE Sensex gained 1330.96 points or 1.68% to 80,436.85.
Wipro, Tech Mahindra, Grasim, Tata Motors, Mahindra & Mahindra are the top gainers on NSE Nifty 50 whereas the top laggards include Divis Lab, Dr Reddy’s Lab, SBI Life Insurance.
15:23 (IST) 16 Aug 2024
As of 3: 15 PM on August 16, 2024, the Bombay Stock Exchange (BSE) saw 2,474 stocks advancing, while 1,415 declined, and 120 remained unchanged. A total of 4,009 stocks were traded. Notably, 195 stocks reached a 52-week high, and 43 hit a 52-week low. Additionally, 304 stocks were trading at the upper circuit limit, while 263 stocks hit the lower circuit.
The Nifty 50 was up 230 points or 0.97% at 24,378 while the Sensex was up 818 points or 1.03% at 79,924
The 24-carat gold rate in India was Rs 70,150 per 10 grams on August 16. The rate for 24-carat gold per gram is Rs 7,015. The rate of 22-carat gold was Rs 64,304 per 10 grams.
The rate of 24-carat gold has risen by 0.4% in the last one week, and the yellow metal has risen by 0.45% in the last ten days. The silver currently quotes at Rs 802.8 per 10 grams.
The NSE Nifty 50 opens up by 191.10 points or 0.79% at 24,334.85, while the BSE Sensex jumps 646.01 points or 0.82% to 79,751.85 in the opening trade.
Stocks across Asia climbed on Friday, driven by strong US jobs and spending data that alleviated recession concerns and sparked a rally in global markets. Equity benchmarks in Japan surged over 2% at the open, while shares in Australia and South Korea also posted gains. US futures contracts edged higher after the S&P 500 and Nasdaq 100 saw gains, buoyed by better-than-expected retail sales data and the lowest jobless claims since early July.
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading down 0.04% at 102.99 on Friday morning.
US markets closed on a higher note on Thursday as investors were relieved by the encouraging consumer and labor data, which helped to ease down recession worries. The broader market index, the S&P 500, closed 1.61% higher at 5,543.22. Similarly, the tech-heavy Nasdaq Composite advanced 2.34% to settle at 17,594.50. The Dow Jones Industrial Average added 554 points, or 1.39%, to end at 40,563.06.
Source:FE
