Finance
SHARE MARKET HIGHLIGHTS: After being in negative territory for the majority of the session, the domestic equities market recovered in the final hour of trading and eventually ended higher on Wednesday, August 16, extending the winning streak for the second consecutive day. Investing in auto, FMCG, IT, pharma, and real estate companies provided the market with much-needed assistance. On the global front, investors were looking for fresh clues on the course of interest rates in the world’s largest economy from the minutes of the Federal Reserve’s July policy meeting. & Europe’s GDP figures for the second quarter.
The S&P BSE Sensex finished 137.5 points, or 0.21 percent higher, at 65,539.42, while the NSE Nifty finished 30.45 points, or 0.16 percent higher, at 19,465 points.
In the broader market, the Nifty Mid Cap 100 and Small Cap 100 indices both ended in positive territory, up by 0.08 per cent and 0.57 per cent, respectively. On the sectoral front, the Nifty Bank ended lower amid global concerns about Fitch downgrading the US banks. Nifty Bank closed down 0.33 per cent at 44,946.4.
Source:ZB
