Nifty Closes 2.58% Higher, Sensex Rallies 2.70% Today: Key Reasons

Indian stock markets rally significantly today reflecting the global trend. On August 30, the Nifty 50 closed at 17,759.30 points up by 2.58%, and Sensex closed at 59,537.07 points, up by 2.70%. According to available data, the market capitalization of the listed companies on BSE increased by Rs. 5.73 lakh crore to Rs. 280.35 lakh crore yesterday, and the trend continued today. Indices like Nifty PSU Bank (gained by 2.61%) and Nifty Private Bank (gained by 3.30%) augmented the overall market trend today in India. PNB, IDBI, IDFC First Bank, RBL Bank, Bank Of Baroda, Federal Bank, and Yes Bank were the most active stocks today on NSE.

The global equity environment has been quite positive today, S&P 500 Futures index surged by +0.91%, at the time of writing. The markets are on the verge of reviving this week after US Fed Chair Powell's hawkish comment last week.

Fresh 52-week high stocks

The top 5 stocks to reach 52-week high level on NSE in intra day trading are Aaron Industries Limited up by 20%, Radhika Jeweltech Limited with a 14.21% gain, BLS International Services Limited with a 13.62% gain, Ador Welding Limited with a 12.20% gain, and Anant Raj Limited with an 11.34% gain. Additionally, ICICI Bank Limited up by 3.87%, and Bank of Baroda is up by 3.72%, in the intra day trading, reached fresh 52-week high-level today.

Fresh 52-week low stocks

The top 3 stocks to reach 52-week low level on NSE are N. B. I. Industrial Finance Company Limited with a 1.09% intra day fall, Piramal Enterprises Limited with a 44.10% intra day fall, and Sanofi India Limited with a 0.50% gain.

Top Nifty 50 gainers & losers

The top Nifty 50 gainers are Bajaj Finserve with a 5.42% gain, Bajaj Finance Life with 4.99% gain, INDUSIND Bank with a 4.33% gain, Tech Mahindra with a 3.93% gain, and ICICI Bank with 3.87% gain.

Additionally, stock price of Reliance Industries has gained by 1.71% today, post its 45th AGM yesterday.