The BSE Sensex rose 329.06 points, or 0.40%, to finish at 81,635.91, while the NSE Nifty gained 97.65 points, or 0.39%, to settle at 24,967.75.
Here’s how analysts read the market pulse:
A wave of optimism swept through the domestic market, driven by expectations of a Fed rate cut in September and a subsequent decline in the US 10-year yield, said Vinod Nair, Head of Research at Geojit Investments, adding that the IT index outperformed, buoyed by favourable global sentiment.
“The domestic levers stay positive with the proposed GST rationalisation to push consumption demand, and a good monsoon season could serve as a catalyst to navigate any uncertainty in the global trade environment,” said Nair.
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US markets
European Markets
Tech View
On a technical basis, the Nifty fell short of the 25,000 mark, closing slightly below it, said Rupak De, Senior Technical Analyst at LKP Securities, adding that the sentiment remains positive as long as the index holds above 24,800.
“In the near term, particularly on Tuesday, the Indian market may trade sideways as traders await the final verdict on Trump’s additional 25% tariff decision on 27th August. The Nifty is expected to remain within the range of 24,800–25,150 before any decisive directional move,” said De.
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Most active stocks in terms of turnover
HDFC Bank (Rs 1,952 crore), Infosys (Rs 1,636 crore), Ola Electric Mobility (Rs 1,266 crore), TCS (Rs 1,081 crore), Action Construction (Rs 965 crore), ICICI Bank (Rs 964 crore) and
BSE (Rs 917 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the counters with highest trading turnovers in the day.
Most active stocks in volume terms
Vodafone Idea (Traded shares: 116.62 crore), Ola Electric Mobility (Traded shares: 26.20 crore), YES Bank (Traded shares: 25.47 crore), Suzlon Energy (Traded shares: 5.50 crore), Sagility India (Traded shares: 3.18 crore), Aditya Birla Fashion and Retail (Traded shares: 3.07 crore) and Eternal (Traded shares: 2.09 crore) and were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of Action Construction, eClerx Services, Newgen Software, Kirloskar Brothers, Vodafone Idea, Jubilant Food and Hyundai Motor India were among the stocks that witnessed strong buying interest from market participants.
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52 Week high
Over 164 stocks hit their 52 week highs today while 84 stocks slipped to their 52-week lows. Among the ones which hit their 52 week highs included Maruti Suzuki and FSN E-Comm (Nykaa).
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were Sundaram Finance, Reliance Power, Emami, Pfizer, City Union Bank, Rainbow Childrens and Angel One.
Sentiment meter bearish
The market sentiments were bearish. Out of the 4,386 stocks that traded on the BSE on Monday, 2,237 stocks witnessed declines, 1,948 saw advances, while 201 stocks remained unchanged.
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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)