Summary of the Day's Market Performance

• The Indian markets continued to scale new highs as Nifty closed in the green for an insane 12th consecutive trading session, ending August on a positive note.

• The Sensex saw solid gains, while the BSE Midcap and Smallcap indices moved in sync, rising 0.6% and 0.5% respectively.

Performance of Key Sectors

• Gainers: Real Estate (+1.8%) and Pharma (+1.5%) sectors led the rally, reflecting robust investor interest.

• Losers: FMCG was the only sector in the red, shedding 0.2%.

Market Transactions:

• 📈FII Bought: 5,318.14 cr.

• 📉DII Sold: -3,198.07 cr.

"With the markets consistently closing at new highs and Nifty marking its 12th consecutive green session, investor sentiment remains overwhelmingly positive. The ongoing momentum in midcaps and small-caps further underscores the broad-based optimism across the market."

Key Stock Movements and News

• Top Gainers: Among the top gainers on the Sensex were Bajaj Finance, M&M, and NTPC.

• Top Losers: On the flip side, Tata Motors, Reliance Industries, and ITC were the major laggards.

• Adani Ports: Acquired an 80% stake in Astro Offshore for $185 million, expanding its global footprint in the marine infrastructure space.

• HAL & SAFHAL: Signed an airframer contract for the joint design and manufacture of a new engine, marking a significant step in defense collaboration.

• France 24: Signed a distribution pact with Sun Direct in India, furthering its reach in the Indian market.

• Paytm: Shares zoomed 13% to cross ₹600, driven by positive sentiment after Prime Minister Narendra Modi lauded fintech companies like Paytm at the Global Fintech Fest in Mumbai.

• RVNL: Gained 4% after winning a ₹203 crore order from Indian Railways, boosting investor confidence.

• SpiceJet: Cracked -6% intraday following the regulator's decision to put the airline on ‘enhanced’ surveillance due to financial concerns.

• Bharti Airtel: Bernstein reiterated its 'outperform' rating on Bharti Airtel, raising the target price to ₹1,740 from ₹1,600, indicating strong growth prospects.

• Insurance Stocks: Came into focus as the GST Council is expected to exempt term life insurance policies from GST, potentially boosting demand for pure protection policies.

• Insurance Stocks: Came into focus as the GST Council is expected to exempt term life insurance policies from GST, potentially boosting demand for pure protection policies.

"As the market wraps up August with a remarkable streak of gains, the focus now shifts to key corporate developments and sectoral performances. Investors should continue to monitor sector-specific news and emerging trends to capitalize on upcoming opportunities."

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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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