Indian equities closed in the green on Thursday, extending their rally to a sixth consecutive session. Positive sentiment stemmed from optimism over a potential Goods and Services Tax (GST) cut, proposals to exempt insurance premiums from tax, and gains in Reliance Industries.
- S&P BSE Sensex: 82,000.71, up 142.87 points (+0.17%)
- NSE Nifty 50: 25,083.75, up 33.20 points (+0.13%)
Top Movers:
- RIL: Closed at Rs 1,424.80, up 0.84%
- Active in Value: Clean Science & Tech (Rs 3,440 Cr), BSE (Rs 2,900 Cr), Ola Electric (Rs 2,838 Cr), Swiggy (Rs 1,720 Cr)
- Active in Volume: Ola Electric (56.43 Cr shares), Vodafone Idea (35.27 Cr), Suzlon Energy (5.30 Cr)
Market Trends:
- 52-week highs: 143 stocks (including Maruti Suzuki)
- 52-week lows: 49 stocks
- Market sentiment remained neutral, with 2,039 advances, 2,058 declines, and 151 unchanged stocks out of 4,248 traded on BSE.
Global markets were subdued ahead of the Jackson Hole symposium, with Wall Street and European indexes showing muted movements. Concerns over valuations, rising domestic bond yields, and subdued Q1 earnings tempered investor enthusiasm.
Technical View:
- Nifty traded between 25,050–25,150
- Support: 24,800
- Resistance: 25,250–25,500
- Short-term trend suggests buy-on-dips strategy while the support level holds.
Disclaimer: This information is for general market awareness only and is not investment advice. Investors should conduct independent research or consult a certified financial advisor before making trading or investment decisions.
