Share Market Highlights: Sensex ends at 56124, Nifty closes just above 16700, after hitting fresh all-time highs

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity market benchmarks BSE Sensex and Nifty 50 ended the day in the green. Broader markets outperformed.

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India VIX closed 0.96% lower on Friday. (Image: REUTERS)

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity market benchmarks BSE Sensex and Nifty 50 ended Friday’s trading session with gains. S&P BSE Sensex ended 0.31% higher at 56,124 while the NSE Nifty 50 closed the day at 16,705, gaining 0.41%. Bank Nifty closed flat with a positive bias at 35,627. Broader markets outperformed the benchmark indices with the Nifty Smallcap 50 gaining 1% and Nifty Midcap 50 up 0.91%. Ultratech Cement was up 3.64% as the top Sensex gainer, followed by L&T, Dr Reddy’s, Bajaj Finserv, and Sun Pharma. On the other end of the table, Infosys was down 1.07% as the top laggard, followed by IndusInd Bank and M&M.

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16:06 (IST)27 Aug 2021
Sensex, Nifty end with gains on Friday; here’s what experts make of today’s trade

Bulls were back in control on Dalal Street as domestic benchmark indices started the September F&O series with gains. S&P BSE Sensex ended 0.31% higher at 56,124 while the NSE Nifty 50 hit an all-time high of 16,722 but failed to hold those levels and closed the day at 16,705. Ultratech Cement was up 3.64% as the top Sensex gainer, followed by L&T, Dr Reddy’s, Bajaj Finserv, and Sun Pharma. On the other end of the table, Infosys was down 1.07% as the top laggard, followed by IndusInd Bank and M&M. Bank Nifty closed flat with a positive bias at 35,627. Broader markets outperformed the benchmark indices with the Nifty Smallcap 50 gaining 1% and Nifty Midcap 50 up 0.91%. 

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15:32 (IST)27 Aug 2021

Domestic equity market benchmarks BSE Sensex and Nifty 50 ended the day in the green. Broader markets outperformed. Bank Nifty ended 0.03% higher at 35627.

15:26 (IST)27 Aug 2021
What Nifty, Bank Nifty rollovers data says: Where are Nifty, Bank Nifty headed in September series?

Nifty 50 may once again surge higher to hit fresh all-time highs in the September Futures & Options series, while Bank Nifty is expected to rally if it breaches 35,500 levels. In the August F&O series, Nifty touched a fresh all-time high, gaining 5.44%, the highest series to series gain recorded since February 2021. The 50-stock benchmark hit a high of 16,712 and closed within touching distance of the same. On the other hand, Bank Nifty closed at 35,617. Nifty August rollover is higher than its three-month average while Bank Nifty rollovers are lower than the three-month average.

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15:17 (IST)27 Aug 2021
Bank Nifty in green

Bank Nifty was trading 0.03% higher on Friday, just ahead of the closing bell. Bank Nifty was trading 35,629. 

15:11 (IST)27 Aug 2021
Delhi Airport sees gradual growth in passenger traffic numbers: Report

Delhi Airport has seen a gradual growth in passenger numbers in line with the recovery in air travel demand, as around 90,000 passengers travelled per day through the facility during the first 10 days of this month, according to a White Paper by GMR. This is five times more than the mid-May passenger volumes when Delhi Airport handled around 18,000 travellers per day. The number by the end of June 2021 increased to about 62,000 passengers per day, the White Paper released on Friday said.

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14:44 (IST)27 Aug 2021
Midcap, smallcap indices outperform

Nifty Midcap 50 was up 1% on Friday, while Nifty smallcap 50 gained 1.16%, outperforming the benchmark Nifty 50 index.  

14:33 (IST)27 Aug 2021
Moody’s assigns Ba3 rating to AGEL’s proposed USD notes

Moody’s Investors Service has assigned a Ba3 rating to Adani Green Energy’s proposed USD senior secured notes. According to Moody’s scale of ratings, obligations rated Ba are judged to be speculative and subject to substantial credit risk. It has assigned a Ba3 rating to the proposed USD senior secured notes to be issued by Adani Green Energy Ltd (AGEL), a statement by Moody’s said adding that the outlook is stable.

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14:06 (IST)27 Aug 2021
India VIX in red

India VIX, the volatility index, was trading 1.42% low at 13.35 on Friday. The benchmark Nifty 50 has just scaled fresh all-time high. 

13:39 (IST)27 Aug 2021
Nifty hits new record high

Nifty hit 16,712.60 on Friday, a new all-time high for the benchmark index. Sensex was trading abvoe 56,150. 

12:59 (IST)27 Aug 2021
Buy Stove Kraft – Target Price: Rs 950 ~ Angel Broking

“Today, Stove Kraft Ltd (SKL) is up 5.5%. SKL engaged in the business of manufacturing & selling Kitchen & Home appliances products like pressure cookers, LPG stoves, non-stick cookware etc. under the brand name of ‘Pigeon’ and ‘Gilma’. Over the 2-3, the company has outperformed its peers in terms of sales growth in the Cookers & Cookware segment. Going forward, we expect SKL to report healthy top-line & bottom-line growth on the back of gaining market share, increase in penetration of cooking gas, new product launches, strong brand name & wide distribution network and healthy demand for kitchen product post Covid-19,” said Amarjeet Maurya – AVP – Mid Caps, Angel Broking.

12:40 (IST)27 Aug 2021
Ami Organics Rs 570-crore IPO opens Sep 1; check grey market premium, price band, lot size, bid details

Ami Organics Rs 569.63-crore IPO will open for subscription on 1 September 2021, at a price of Rs 603-610 per equity share of face value of Rs 10 each. So far this year, Ami Organics IPO is the 40th issue. Despite filing the preliminary papers with SEBI, the company could not float the IPO in 2018. This is the company’s second attempt at a public issue. In the primary market, Ami Organics shares were seen quoting at a premium of Rs 67 over the IPO price. In the grey market on Friday, Ami Organics shares were trading at Rs 677, a premium of 11 per cent over the issue price, according to the people who deal in unlisted shares of the companies.

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12:06 (IST)27 Aug 2021
This Rakesh Jhunjhunwala stock may rally 33%, already up 57% from IPO price; Jefferies says ‘buy’

Rakesh Jhunjhunwala owned Nazara Technologies has zoomed 57% from its IPO price to now trade at Rs 1,723 per share, but the rally may not be over. The stock could rise another 33% from current levels and reach the target price of Rs 2,300 pegged by global brokerage and research firm Jefferies. Initiating the coverage of Nazara Technologies, Jefferies said that Nazara Technologies is a diversified play on the gaming ecosystem with multiple growth drivers ahead. Big Bull Rakesh Jhunjhunwala is a pre-IPO investor in Nazara Technologies and continues to hold a 10.82% stake in the company, according to the latest shareholding pattern available with stock exchanges.

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11:54 (IST)27 Aug 2021
Bank Holidays September 2021: Banks to remain shut for up to 12 days in September; check list here

Bank Holidays in September 2021 in India: Banks in India will remain closed for up to 12 days in September 2021, including second and fourth Saturdays, and Sundays. Apart from six weekly offs, banks will remain shut in different states on account of different holidays. Banks in most states will observe a holiday on 10 September 2021, on account of Ganesh Chaturthi/Samvatsari. Since there are state-specific holidays for different occasions, banks will not be shut for all six days for all states in September 2021. 

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11:09 (IST)27 Aug 2021
Nifty may hit 17200 in coming months, Bank Nifty 37700; large-cap stocks may outperform

Nifty 50 may breach current all-time highs and hit 17,200 points in the coming months, according to domestic brokerage and research firm ICICI Direct. Meanwhile, Bank Nifty may reach 37,700 points, the brokerage firm said, adding that there has been a healthy base formation on the banking index. However, temporary breathers have not been ruled out. “Temporary breather after ~8% rally over past four weeks would present incremental buying opportunity to build a quality portfolio from a medium-term perspective,” ICICI Direct said in a report. Nifty reached an all-time high of 16,712 earlier this week.

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10:36 (IST)27 Aug 2021
Nifty set to hit 17000 in September series; rises to 7-month high in Aug; IT, PSU Banks may rally

In the August series, Nifty broke out of the last two series trading range (Our bullish view vindicated) to end the series with the gain of 5.44% to close at all-time high. This is the highest series to series gain since the February 2021 series.

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10:09 (IST)27 Aug 2021
Nifty support at 16,400

The markets have opened on a tepid note. The weekend is knocking on the doors too. The coming week will give us a clearer sense on the direction of the index. The overall trend is positive and choppy sessions should be used to enter long positions. The current support for the market is at 16400. Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments

10:07 (IST)27 Aug 2021
Gold Price today, 27 August 2021: MCX gold gains, analysts say ‘buy on dips’; resistance at Rs 47700

Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices were trading higher in India on Friday, even as global rates remained steady as investors awaited Fed chief Jerome Powell’s speech. On Multi Commodity Exchange, gold October futures were trading Rs 161 or 0.34 per cent up at Rs 47,398 per 10 gram, as against the previous close of Rs 47,237. Silver September futures were up Rs 175 or 0.28 per cent at Rs 62,898 per kg. In the previous session, silver futures ended at Rs 62,723. Globally, Spot gold rose 0.1 per cent to $1,793.68 per ounce. US gold futures rose 0.1% to $1,796.70.

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09:43 (IST)27 Aug 2021
Rupee may trade in 74.00-74.40 range intraday

Domestically, the rupee shall take cues from further movement in the dollar index over developments in policy meeting. Till then, inflows on account of IPO’s, QIP’s and month-end expiry shall keep the rupee tucked between 74.00-74.40 levels for the day. Amit Pabari, managing director, CR Forex Advisors

09:38 (IST)27 Aug 2021
Bank Nifty falls

Bank Nifty index fell half a per cent to 35,434.55, while Nifty Metal index gained 1.14 per cent

09:23 (IST)27 Aug 2021
M&M, Tech Mahindra, ICICI Bank top Sensex laggards

M&M, Tech Mahindra, ICICI Bank, IndusInd Bank, Titan Company, Infosys were index losers

09:22 (IST)27 Aug 2021
RIL, Maruti, Tata Steel top Sensex gainers

Bajaj Finance, Tata Steel, Bajaj Finserv, L&T, Dr Reddy’s, Maruti Suzuki, ITC and RIL were top index gainers

09:19 (IST)27 Aug 2021
Sensex falls, Nifty below 16,650

BSE Sensex was down 112 points or 0.20 per cent to 55,837, while the Nifty 50 index was below 16,650

08:59 (IST)27 Aug 2021
Infosys, ONGC, SAIL, SpiceJet, PNB, UCO Bank, Bank of Maharashtra stocks in focus

Nifty futures turned positive and were trading 24 points or 0.14 per cent up at 16,692 on the Singaporean Exchange, suggesting a gap-up start for BSE Sensex and Nifty 50. Going ahead, analysts see 16600 followed by 16500 as immediate supports; whereas on the flipside, 16700 to be the level to watch out for. “From here on, the direction is likely to be dictated by the banking space only and hence, it would be important to keep a close watch on it,” Sameet Chavan (Chief Analyst-Technical and Derivatives, Angel Broking), said.

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08:35 (IST)27 Aug 2021
F&O expiry outlook 2 September: Nifty may hit 17,000 if Bank Nifty crosses 36,300 level

After last week’s tail end correction, we started the week on a positive note on Monday on the back of smart recovery seen in the global peers. We witnessed few hiccups on the same day post the gap up opening as traders chose to unwind a few longs due to uncertainty over the near-term trend. Fortunately, there was no further aberration seen across the globe. In fact, in the following session, we witnessed a decent bump up at the opening on the back of favourable global cues. Thereafter, we witnessed a gradual move to mark a fresh high of 16712.45.

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08:31 (IST)27 Aug 2021
Petrol and diesel price today August 27: Petrol, Diesel rates steady; check price in Delhi, Mumbai here

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: The prices of petrol and diesel were left unchanged by oil market companies on Friday, for the third day straight. Today, petrol in the national capital costs Rs 101.49 per litre, while Diesel in the capital city is retailing at Rs 88.92 per litre. So far this week prices have been cut twice. The price of petrol was cut for the first time in 35 days on Sunday. Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices daily in line with benchmark international price and foreign exchange rates.

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08:17 (IST)27 Aug 2021
Second wave of COVID infections increased bank’s asset quality risks: Moody’s

Moody’s Investors Service on Thursday said second wave of Covid infections has increased asset risks for Indian banks, but a severe deterioration is unlikely. It said that the second wave of coronavirus infections in India has exacerbated stress among individuals and small businesses that were hit the hardest by the initial outbreak. Still, a number of factors will prevent sharp increases in problem loans, and banks have sufficient buffers to absorb anticipated loan losses.

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08:16 (IST)27 Aug 2021
US stocks fall in overnight trade

In overnight trade on Wall Street, US stocks indices fell. The Dow Jones Industrial Average was down 0.15 per cent, and the S&P 500 was down 0.23 per cent. The Nasdaq Composite was down 0.15 per cent.

08:16 (IST)27 Aug 2021
Asian stock markets fall

Asian stock markets tumbled in early trade on Friday as investors remained cautious ahead of the US Federal Reserve’s annual Jackson Hole symposium. Japan’s Nikkei 225 fell 0.85 per cent while the Topix index fell 0.74 per cent. South Korea’s Kospi was down 0.33 per cent.

08:15 (IST)27 Aug 2021
Sensex, Nifty may mirror global peers on opening; 5 things to know before today’s trade

Sensex and Nifty have now closed flat for the second day straight but remain within touching distance of all-time highs. S&P BSE Sensex closed yesterday’s expiry session at 55,949 while the NSE Nifty 50 ended at 16,636. Broader markets once again outperformed benchmark indices, except Nifty Midcap 50, which was down in the red on the closing bell. Bank Nifty continued to trade below 36,000 mark. Entering the final trading session of the week, SGX Nifty was trading flat, moving between gains and losses, signalling a muted opening to the day’s trade. Cues from global peers were largely negative. 

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First published on: 27-08-2021 at 08:13 IST