Nifty, Sensex rally on positive global cues

Updated: Aug 16th, 2024

Source: IANS

Indian equity indices opened strong today following positive global cues, including optimism around a potential rate cut by the US Federal Reserve next month. 

At 9.50 am, Sensex was up 608 points or 0.76% at 79,714 and Nifty was up 166 points or 0.69% at 24,310.

The market trend was bullish in the opening trade. On the National Stock Exchange (NSE), 1,704 shares opened in green mark and 345 shares in red.

INDIAVIX was trading at 14.79, down 4.21% compared to the previous trading session. This showed that the market remains stable.

Along with largecap, positive trends were being seen in midcap and smallcap stocks. The Nifty Midcap 100 index was at 57,057, up 522 points or 0.92%, and the Nifty Smallcap 100 index was at 18,274, up 187 points or 0.25%.

All indices were trading in the green. Auto, IT, PSU Bank, fin Service, pharma, FMCG, realty and energy and healthcare were major gainers.

The foreign institutional investors (FIIs) sold equities worth ₹2,595 crore on Aug 14, while domestic institutional investors sold equities worth ₹2,236 crore on the same day.

Almost all Asian markets were trading in green. Tokyo, Hong Kong, Shanghai, Seoul and Jakarta were major gainers. US markets closed positive on Aug 15.

(This story was taken from a syndicated feed, and edited only for style by Gujarat Samachar Digital staff)

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