Market Rollercoaster: Sensex and Nifty Inch Up in a Mixed Day; Auto Stocks Surge – Breaking News!

Stock Market Highlights: Indian Indices Slightly Up as Investors Await Fed Clues

Friday, August 23: Indian benchmark indices Sensex and Nifty ended a rangebound trading session slightly higher amid investor anticipation of possible interest rate cuts by the Federal Reserve. The focus remains on US Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole Economic Symposium.

At market close, the BSE Sensex gained 33.02 points, or 0.04%, to end at 81,086.21. The Nifty 50 rose by 11.65 points, or 0.05%, to close at 24,823.15.

Top performers on the BSE Sensex included Tata Motors, Sun Pharma, Bharti Airtel, Bajaj Finserv, and ICICI Bank. Conversely, Tech Mahindra, HCLTech, Asian Paints, Titan, and Infosys emerged as the major laggards. Notably, 13 of the 30 stocks on the Sensex closed in the red.

On the broader Nifty 50, Bajaj Auto, Coal India, Bharti Airtel, Tata Motors, and Sun Pharma led the gains. In contrast, LTIMindtree, Wipro, ONGC, Asian Paints, and Titan were the top drags.

The Auto sector stood out as the only sectoral gainer, rising by 1.12%. In stark contrast, the Realty index dropped by 2.24%, while the Media and IT indices each fell by around 1%.

Investor attention remains fixed on Jerome Powell’s keynote speech at the Jackson Hole Symposium, taking place from August 22 to August 24, for further insights into potential rate cuts by the Fed this year.

Original Story https://www.business-standard.com/markets/news/stock-market-live-updates-sensex-nifty-markets-live-blog-orient-tech-ipo-ambuja-cements-nykaa-124082300095_1.html
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