Indian Market Outlook - 30 August 2021

The domestic equity barometers ended near the day's high Buyers outnumbered sellers. On the BSE, 1917 shares on Friday despite geopolitical tensions and uncertainty over rose and 1284 shares fell. A total of 137 shares were U.S. monetary policy. unchanged.

The Nifty closed above the 16,700 mark. The S&P BSE Investors remained cautious ahead of the US Federal Sensex increased by 175.62 points (0.31%) and closed at Reserve's annual Jackson Hole symposium and geopolitical 56,124.72. The Nifty 50 index added 68.30 points (0.41%) tension in Afghanistan. and closed at 16,705.20. In the foreign exchange market, the partially convertible Ultratech Cement (up 3.64%), Larsen & Toubro (up 2.66%), rupee rose to 73.6950 from its previous closing of 74.2225. Dr Redddy's Laboratories (up 2.17%) and TCS (up 1.34%) boosted the indices, while while , Total COVID-19 confirmed cases worldwide stood at IndusInd Bank and fell around 1 percent. 21,46,27,593 with 44,74,523 deaths. reported 3,44,899 active cases of COVID-19 infection and 4,36,861 The broader indices outperformed the barometers. The deaths while 3,18,21,428 patients have been discharged, S&P BSE Mid-Cap index rose by 1.04%. The S&P BSE according to the data from the Ministry of Health and Family Small-Cap index gained 0.93%. Welfare, Government of India.

The Nifty Metal index increased by 1.63% to 5,492.70. The Union Minister of Power and New & Renewable Energy insisted all Union ministers to convert their fleet of official NALCO (up 7.30%), (up 3.35%), vehicles from present Internal Combustion Engine Ratnamani Metals Tub es (up 2.94%), NMDC (up 2.73%), (ICE)/Petrol/Diesel Vehicles to Electric Vehicles for all SAIL (up 2.39%), Adani Enterprises (up 1.93%), APL Apollo official purposes. Tubes (up 1.68%), Vedanta (up 1.55%), Coal Indi ia (up 1.31%), Welspun Corp (up 0.94%), JSW Steel (up 0.81%), Traders were eyeing new developments in Afghanistan, (up 0.53%) and MOIL (up 0.40%) advanced. which added to the risk-off sentiment.

Top Gainers Top Losers

Company Last Price Change% Company Last Price Change%

ULTRACEMCO 7,553.00 3.37 INFY 1,707.50 -1.17

HINDALCO 438.30 3.35 INDUSINDBK 990.20 -1.13

SBILIFE 1,184.10 2.80 TATACONSUM 846.35 -0.81

LT 1,639.00 2.71 M&M 775.40 -0.77

DRREDDY 4,593.00 1.99 TECHM 1,440.80 -0.60 Indian Market Outlook - 30 August 2021

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