Summary of the Day's Market Performance

• Indian benchmark indices ended higher in a volatile session on August 21. The Sensex closed up 102.44 points (+0.13%) at 80,905.30, while the Nifty gained 71.37 points (+0.29%) to finish at 24,770.20.

• The broader market performance saw the BSE Midcap Index rise by 0.4%, and the Smallcap Index added nearly 1%.

Performance of Key Sectors

• Gainers: FMCG, Pharma, Metal, Telecom, and Media sectors saw gains of 0.5%-1%.

• Losers: The Realty index dropped by 1.3%, while the Bank index edged down by 0.2%.

Market Transactions:

• 📉FII Sold: -799.74 cr.

• 📈DII Bought: 3,097.45 cr.

"Despite a volatile session, market sentiment was bolstered by gains in key sectors like FMCG and Pharma. The Smallcap index's near 1% rise reflects underlying investor confidence in broader market growth."

Key Stock Movements and News

• Top Gainers: Divis Labs, Titan Company, SBI Life Insurance, Cipla, and Grasim Industries led the gains on the Nifty.

• Top Losers: Tech Mahindra, UltraTech Cement, Tata Steel, Power Grid Corp, and HDFC Bank were among the day’s laggards.

• Hindustan Zinc and JNCASR: Announced a collaboration for the development of new-age zinc-based battery technologies.

• Amber Enterprises: Formed a joint venture to manufacture driving gears and brakes.

• Central Bank of India: Declared the successful bidder by the Committee of Creditors.

• ONGC Petro: Announced plans to buy back CCDs worth ₹7,778 crore from financial institutions.

• JNK India: Secured a ₹50 crore order from Mundra Petrochem.

• Kilburn Engineering: To acquire Monga Strayfield for ₹123 crore.

• Raymond: Announced that its Lifestyle division will be listed soon after the demerger.

• Tata Motors: Signed an MoU with Delta Electronics for the installation of 250 fast-charging stations.

• Aurobindo Pharma: Received a warning letter from the USFDA for a key manufacturing plant.

• Indoco Remedies: Received final approval from USFDA for Lofexidine Tablets.

• L&T gained after the Bombay High Court set aside a show-cause notice issued by GST authorities, adding positive momentum to the stock.

"With the Nifty edging closer to the 24,800 mark, the market outlook remains cautiously optimistic. Investors will continue to watch global cues and sector-specific earnings for further direction."

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Disclaimer: The information provided in this newsletter is for informational purposes only and should not be considered financial advice.

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