Taking stock: Sensex gains 213 pts, Nifty around 19,450; banks rally, power drags

Introduction:

Sensex and Nifty stocks:

Sensex and Nifty stocks

Following a quiet previous session, the equity indices rose sharply on August 23, with the Nifty hovering around 19,450, boosted by metal, bank, capital goods, and real estate companies. The Sensex closed up 213.27 points, or 0.33 percent, at 65,433.30, while the Nifty gained 47.50 points, or 0.24 percent, to 19,444.Following a flat opening, the market saw rangebound trading in the first half, with buying in the second half assisting in a closing around the day’s high.

Sensex gains 213 pts, Nifty at 19,450

Adani Enterprises, Adani Ports, Sun Pharma, Bharti Airtel, and Tata Motors the top gainers on Nifty. While Adani Enterprises, Adani Ports, Sun Pharma, Bharti Airtel, and Tata Motors were among the top losers. Sectoral movements mixed, with banks, metals, capital goods, and real estate each rising 0.4-1 %. While power, FMCG, and oil & gas fell 0.3-1 percent. The BSE midcap index increased by 0.4 percent, while the BSE smallcap index increased by 0.6 percent.

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