19-8-25

Market Breadth & Internals (NSE)

Advances: 2,050

Declines: 939

Unchanged: 89

52-Week Highs: 77

52-Week Lows: 40 Stocks in Upper Circuit: 118 Stocks in Lower Circuit: 54

Indian Markets

Indian equities gained for the second straight session, driven by optimism over possible GST cuts. Nifty50 closed at 24,980.65 (+103.70, +0.42%), just shy of 25,000. Sensex ended at 81,644.39 (+370.64, +0.46%).

Key Drivers

Reliance Industries (+2.78%) led the charge after Jio discontinued its 1 GB/day plan, contributing 57.81 points to Nifty. Autos in gear: Nifty Auto jumped 1.31%, extending Monday’s 4.2% surge, on expectations of stronger demand post-GST cuts. Refiners gain: BPCL, HPCL, and IOC rallied as global crude prices eased on hopes of Russia–Ukraine–US peace talks. Textiles shine: Vardhman Textiles, Raymond Lifestyle, and Welspun Living gained 3.8%–10.3% after the government removed cotton import duties (Aug 19–Sep 30), offering near-term relief to the garment industry.

Sectoral Performance

9 of 11 sectoral indices closed in the green.

Top gainer: Nifty Media (+1.34%), boosted by PVR Inox and Hathway Cable & Datacom.

Lagging sector: Nifty Pharma (−0.34%).

Stock-specific Highlights

Vodafone Idea: +1.8%

Vedanta: +2.74% ahead of Aug 21 dividend board meet.

Top Nifty Contributors: Reliance (+57.81 pts), Tata Motors (+10.98 pts), Bharti Airtel (+10.60 pts).

Top Nifty Drags: HDFC Bank (−21.08 pts), Larsen & Toubro (−5.75 pts), Mahindra & Mahindra (−5.37 pts).

Broader Markets

Nifty Midcap 100: +0.97% Nifty Smallcap 100: +0.70% Breadth firmly in favour of the bulls.

Global Markets

Global sentiment remained mixed: Oil slipped on hopes of geopolitical progress in peace talks. U.S. and European markets stayed cautious ahead of Jackson Hole policy signals.

Global Economic Calendar

Aug 20: Japan CPI (YoY) Aug 21: Eurozone Consumer Confidence Flash Aug 22: U.S. Existing Home Sales Aug 22–23: Fed Jackson Hole Symposium

Today’s Top Volume Gainers (NSE)

(For educational purposes only, not investment advice)

Reliance Industries Tata Motors Bharti Airtel BPCL Vedanta

What This Means for Investors

Reliance-led rally cements large-cap dominance; keep overweight positions. Auto momentum may sustain as GST optimism feeds demand outlook. Oil refiners & textiles are short-term beneficiaries of policy and commodity tailwinds. Broader participation in mid- and small-caps strengthens the bull case, but monitor valuation risks.

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