Finance
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed the trading session on a higher note on August 07. The BSE Sensex increased 896 points, or 1.14%, to end the day at 79,489. The NSE Nifty 50 ended 323 points, or 1.35% higher, at 24,315.25. The Bank Nifty closed 0.95% higher, or 473 points, at 50,221.25. Similarly, the Nifty Midcap 100 finished 1,416 points, or 2.55% higher, at 56,931.40.
Today Market Updates:
The NSE Nifty 50 closed 1.35% higher at 22,315.25, while the BSE Sensex closed 1.14% higher at 79,489.
The Rupee slipped to its record lowest level, due to strong dollar bids in the non-deliverable forwards market and importer hedging. The rupee declined to a record low of 83.9725 against the US dollar, eclipsing its previous lifetime low of 83.96 hit on Tuesday.
Top gainers on the NSE included ONGC, which surged 7.11%, Coal India up 5.16%, Adani Enterprises rising 3.11%, Adani Ports gaining 2.90%, and JSW Steel advancing 2.75%. Conversely, the top losers were IndusInd Bank, which fell 2.46%, Bharti Airtel down 0.59%, Asian Paints decreasing 0.40%, Kotak Mahindra slipping 0.19%, and Titan down 0.17%.
As of noon on August 7, 2024, on the BSE, 2,808 stocks advanced while 945 declined, and 125 remained unchanged. A total of 3,878 stocks were traded. Of these, 151 reached a 52-week high, while 19 hit a 52-week low.
The NSE Nifty 50 opened 1.22% higher at 24,285, while the BSE Sensex opened 1.18% higher at 79,523.18.
The US Dollar Index (DXY), which measures the value of the dollar against a basket of six foreign currencies, traded up by 0.13% to 103.01.
The S&P 500 and Nasdaq ended 1% higher on Tuesday as investors jumped back into the market following a dramatic sell-off, spurred by recent comments from Federal Reserve officials that eased U.S. recession worries. The Dow also rose, but all three major stock indexes pared gains heading into the close and ended well off their highs of the day, reported Returns.
The tech-heavy Nasdaq Composite ended up by 166.77 points, or 1.03%, at 16,366.85. The S&P 500 closed higher by 53.70 points, or 1.04%, at 5,240.03, while the Dow Jones Industrial Average increased by 294.39 points, or 0.76%, to 38,997.66.
