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POST-MARKET REPORT
Benchmark indices Nifty and Sensex held steady in positive territory to end the day at record closing on August 30, driven by a sharp rally in realty and pharma stocks that boosted market sentiment. Notably, both indices touched fresh highs at the opening bell.
At close, the Sensex was up 317.03 points or 0.39 percent at 82,451.64, and the Nifty was up 83.90 points or 0.33 percent at 25,235.90. About 2115 shares advanced, 1630 shares declined, and 117 shares unchanged.
Cipla, Bajaj Finance, Divis Labs, M&M, and Bajaj Finserv were the top gainers on the Nifty. Tata Motors, Reliance, Tech Mahindra, ITC, and Coal India were the top laggards.
Out of the 13 sectoral indices, the FMCG index was the sole laggard, the remaining 12 indices advanced, led by Realty, Pharma, and Healthcare, each up over 1 percent.
The broader market rebounded quickly, with the mid-cap and small-cap indices climbing 0.5 percent and 0.8 percent, respectively, outperforming the main indices.
STOCKS TODAY
Fortis Healthcare: The stock soared 4.5 percent to an all-time high of Rs 563 on August 30, fuelled by a spike in trading volumes in the counter. Heavy trading volumes were seen in the counter as 26 lakh shares changed hands on the exchanges so far, significantly higher than the one-month daily traded average of 20 lakh shares.
SpiceJet: The stock fell sharply by 6 percent on August 30 after aviation watchdog Directorate General of Civil Aviation (DGCA) placed the airline under ‘enhanced surveillance.’ This measure includes more frequent spot checks and night surveillance to ensure the safety of SpiceJet’s operations.
Garden Reach Shipbuilders and Engineers: The stock jumped over 7 percent on August 30 after it signed an MoU with the National Highway Infrastructure Development Corporation for the fabrication, supply, and launching of Double-Lane Class 70 Modular steel & Bailey bridges.
Patel Engineering: The stock jumped up to 6 percent on August 30 after the company said that it had signed a Memorandum of Understanding (MoU) with Rail Vikas Nigam Limited (RVNL), a state-owned railway company.
Bharti Airtel: The stock rose close to 3 percent and hit a record high of Rs 1,608.40 on August 30, as the Supreme Court reviews the curative petitions filed by Bharti Airtel and Vodafone Idea in the Adjusted Gross Revenue (AGR) case.
ITI: The telecom equipment company jumped over 4 percent after the company announced that it has secured its first Electronic Voting Machine (EVM) order from the State Election Commission (SEC) of West Bengal.