Equity benchmark indices started the week on August 11 with strong gains after closing in the negative for six continuous weeks. Today's surge amid broad-based buying helped in erasing much of the losses from the previous session on August 8.
At close, the Sensex was at 80,604.08, up 746.29 points, or 0.93 per cent. Similarly, the Nifty 50 climbed 221.75 points, or 0.91 per cent, to close at 24.585.05.
The broader market indices such as the Nifty Small-cap 100, Nifty Mid-cap 100 and Nifty 500 closed higher by 0.36 per cent, 0.85 per cent, and 0.85 per cent, respectively. The Nifty Microcap 250, which tracks the 250 most liquid and valued companies beyond the Nifty 500 constituents, also gained 0.20 per cent.
PSU Bank Lead Gains
The Nifty PSU Bank index was the top sectoral gainer, rising 2.20 per cent, followed by Nifty realty, which rose 1.86 per cent. Nifty Auto, and Nifty healthcare also jumped more than 1 per cent each.
Nifty Bank, which tracks top 12 public and private sector banks, climbed 0.92 per cent to close at 55,510.75.
Barring Nifty Consumer Durables, which slipped 0.72 per cent, all other sectoral indices closed in the green. Nifty FMCG, Nifty Pharma, Nifty Financial Services, Nifty Private Bank, Nifty Energy and Nifty Metal closed higher between 0.5 per cent and 1 per cent. Nifty IT settled 0.42 per cent higher.
Nifty 50 Top Gainers & Losers
Leading gains in Nifty 50 were Adani Enterprises, rising 4.23 per cent, Tata Motors, climbing 3.20 per cent, and Eternal (formerly Zomato), advancing 2.69 per cent. Following these three, Grasim Industries, Apollo Hospitals, Jio Financial Services, Trent, State Bank of India (SBI), and UltraTech Cement were also the top gainers, gaining between 2 per cent and 2.65 per cent each.
Bucking the trend, Hero MotoCorp, Bharat Electronics Ltd (BEL), and Bharti Airtel were the top losers, with none of them falling more than 1 per cent. Bajaj Finance, Maruti Suzuki, and Titan closed near flat levels, though with a negative bias.
Of the 50 stocks, only six settled in the red and the rest 44 closed in the green.
Across the board, of the total 3,096 stocks traded on the National Stock Exchange (NSE), 1,604 stocks advanced, 1,413 stocks declined, and 79 stocks remained unchanged. 54 stocks touched new 52-week highs, and 112 stocks hit their 52-week lows. 83 stocks closed at upper circuit level, and 94 stocks at lower circuits.
Key Market Cues To Watch Tomorrow, August 12
India CPI Inflation
The Ministry of Statistics and Programme Implementation will release July retail inflation data on August 12. Inflation is already at a six-year low, and investors will watch if the easing trend continues or reverses ahead of the Reserve Bank of India's (RBI) October policy meeting. In August, the RBI held the repo rate at 5.5 per cent with a ‘neutral’ stance.
US Core Inflation
The US Bureau of Labor Statistics will release July core CPI inflation data on August 12. Core CPI rose 0.2 per cent in June and 2.9 per cent year-on-year. Economists expect a 0.3 per cent rise in July, according to a Bloomberg survey. A softer reading could increase pressure on the Federal Reserve from US President Donald Trump to cut rates. The Fed last kept its benchmark rate at 4.25–4.5 per cent in July.
US–China Trade Talks Deadline
The 90-day pause on tariffs between the US and China is set to end on August 12. Both sides have been in talks to extend the truce. It is anticipated that a favourable deal could lift Chinese markets and prompt foreign investors to shift some funds from India to China.
Q1 Results, August 12
As the Q1 earnings season draws near its conclusion, as many as 589 companies are set to report their quarterly results.
Among some of the major names are Abbott India, Alembic, Alkem Laboratories, Allcargo Logistics, Apollo Hospitals, Mrs Bector’s Food, Granules India, Hindustan Aeronautics, Hindalco, Jindal Steel & Power, Lux Industries, MRF, Nippon Life India AMC, Natco Pharma, Nazara Technologies, NHPC, NMDC, NSDL, Nykaa, Oil India, ONGC, PI Industries, RCF, Religare, Rail Vikas Nigam Ltd, Suzlon Energy, Vadilal Industries, VA Tech Wabag, and Zydus Lifesciences.
