October 15, 2024
Financial Assets

Stock Market Highlights, Aug 9: Sensex climbs 820 pts; Nifty hold 24,350; Ola hits 20% upper circuit | News on Markets



Stock Market Highlights on Friday, August 9, 2024: Benchmark equity indices BSE Sensex and NSE Nifty ended the week’s last trading session with gains, closing higher by 1 per cent each. Sensex climbed 819.69 points or 1.04 per cent to settle at 79,705.91, while Nifty50 ended 250.50 points or 1.04 per cent higher at 24,367.50.


The day ended in favor of the bulls, as 45 out of 50 listed stocks on the Nifty50 index settled higher, with gains led by Eicher Motors, Mahindra & Mahindra, Shriram Finance, Tata Motors, and Tech Mahindra, rising up to 5.68 per cent.


On the BSE, 27 out of 30 constituent stocks of the Sensex ended in positive territory, with gains led by Mahindra & Mahindra, Tata Motors, Tech Mahindra, JSW Steel, and State Bank of India, climbing up to 3.08 per cent.


The fear index, India VIX, ended 7.45 per cent lower at 15.37 points.

The broader indices also settled higher, with Nifty Next 50 and Nifty 100 being the top contributors, adding 1.24 per cent and 1.05 per cent, respectively. Midcap and Smallcap shares also ended in the green.

Sectoral indices too ended higher, with Banking, Auto, IT, Media, and OMC being the top gainers, leading up to 1.92 per cent.


Meanwhile, after making a flat debut on the bourses, shares of Ola Electric Mobility rallied northward, surging up to 20 per cent to hit the upper circuit of Rs 91.20 on the NSE and Rs 91.18 on the BSE.



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