Stock Market Updates Highlights: Market Wrap | Sensex, Nifty End Higher Led by IT Stocks, Paper And Midcaps Shine, Banks Lag

Market Status: Sensex rose 329 points to 81,636. Nifty 50 closed up 98 points at 24,968 following a range-bound session. However, Nifty continues to face resistance around 25,000, testing investor sentiment at this level. Tech Sector Leads the Rally: Four of the top five gainers in the Nifty were IT stocks—TCS, Infosys, HCL, and Wipro—as brokerages turned positive on the sector, providing solid support. Other Sector Movements: Nifty Bank slipped 10 points to 55,139. Midcap Index rose 72 points, closing at 57,702—showing stronger performance beyond the large caps. Key Stock Moves: Hero MotoCorp and IndusInd Bank gained 1–2% despite being excluded from the Nifty 50 index. Vodafone Idea extended gains from...

• Oil Prices Edge Up:
  In early trading today, oil prices rose slightly amid concerns of supply disruption after Ukraine’s attacks on Russian energy sites.

• • Brent crude up 0.09% at $67.79

  • WTI crude up 0.14% at $63.75

• Dollar Struggles Post-Powell Comments:
  The U.S. dollar remained weak after Fed Chair Jerome Powell’s dovish tone.

  • Dollar at $1.1699 per euro, slightly up 0.2%

  • Rose 0.1% to $1.3502 vs sterling

  • Up 0.4% to 147.46 yen

• Gold Slips Slightly:
  Gold prices dipped from a two-week high as the dollar ticked higher.

  • Spot gold down 0.2% at $3,364.25/oz

  • U.S. gold futures down 0.3% at $3,409.80

Sensex rose 219.54 points to 81,526.39, while Nifty gained 67.70 points to 24,937.80 at market open, signaling a cautious yet optimistic start for Indian equity markets today.

Asian markets are riding high after Wall Street’s strong finish, driven by Federal Reserve Chair Jerome Powell’s hint at a potential rate cut in September. Early trading shows Japan’s Nikkei and South Korea’s Kospi posting solid gains, while GIFT Nifty futures signal a positive start for Indian markets.Though U.S. futures have cooled slightly following Friday’s rally, the Dow closed at a record high with nearly a 2% gain. Powell’s remarks also raised concerns about employment risks, while traders eagerly await Nvidia’s earnings and July’s PCE inflation data.Meanwhile, U.S. Treasury yields have fallen, with the 10-year yield sliding over 7.5 basis...

Wall Street’s key indexes surged on Friday, with the Dow Jones Industrial Average reaching a record close of 45,631.74, up 846.24 points (1.89%). The S&P 500 rose 1.52%, while the Nasdaq gained 1.88%, fueled by U.S. Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Symposium. Powell hinted at a potential interest-rate cut in September but emphasized monitoring jobs and inflation data. Traders now see nearly a 90% chance of a rate reduction, up from 75% before his remarks. “Powell did what central bankers do best at Jackson Hole — he kept the door open,” said Nigel Green, CEO of deVere...