Sensex, Nifty Off Day's Highs; Information Technology Shares Outperform

The Indian disinterestedness benchmarks came off intraday highs in apex deals on the aback of weakness in ICICI Bank, UltraTech Cement, ITC, Titan and Power Grid. The benchmarks staged a gap up aperture wherein the Sensex rose as abundant as 452 credibility and Nifty 50 basis affected an intraday aerial of 16,592. Small-sap shares were underperforming their beyond aeon as the Nifty Smallcap 100 basis alone over 1.5 per cent. Meanwhile, the European markets were trading college with Germany's DAX up 0.2 per cent, England's FTSE 100 basis rose 0.48 per cent and France's CAC 40 basis avant-garde 0.7 per cent.

As of 1:04 pm, the Sensex was up 176 credibility at 55,505 and Nifty 50 basis rose 35 credibility to 16,485.

"16,350 is an important abutment akin for Nifty in the abbreviate term, if the Nifty sustains aloft this level, we can apprehend the bazaar to abide absolute and accretion momentum, arch to an upside bump till 16,700-16,750," Gaurav Garg, arch of analysis at CapitalVia Global Analysis told NDTV.

Eight of 15 area gauges aggregate by the National Banal Exchange were trading college led by the Nifty IT index's about 2 per cent gain. Pharma and Healthcare indexes rose 0.7 and 0.4 per cent anniversary respectively.

On the added hand, Realty, Private Bank, Consumer Durables, Auto and Media indices were trading with a abrogating bias.

Mid- and small-cap shares were underperforming their beyond aeon as Nifty Midcap 100 basis fell 0.44 per cent and Nifty Smallcap 100 basis beneath 1.6 per cent.

Nuvoco Vistas Corporation has fabricated a anemic admission on the bourses today i.e. August 23. The adhesive maker's shares opened at Rs 471, a abatement of 17.37 per cent compared to the affair amount of Rs 570, on the BSE.

HCL Technologies was top Nifty gainer, the banal rose 3.8 per cent to Rs 1,159.70. Bajaj Finserv, Bajaj Finance, TCS, Wipro, Hindalco, Tech Mahindra, Divi's Labs, Nestle India, Cipla and Sun Pharma additionally rose amid 0.8-2.8 per cent.

On the flipside, Tata Consumer Products, Eicher Motors, Power Grid, Grasim Industries, UltraTech Cement, Mahindra & Mahindra, Titan, Shree Cements, Tata Motors and ICICI Bank were amid the losers.

The all-embracing bazaar across was abrogating as 2,421 shares were crumbling while 756 were advancing on the BSE.

Sensex Rallies Over 400 Points; Metal, Banking Stocks Firm

Sensex Slumps 300 Points, Nifty Ends Below 16,500; Metal Shares Worst Hit

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