#bsemidcap

The domestic market experienced a mixed trading session, with initial gains followed by profit booking in the latter half of the trade. The key indices faced downward pressure, erasing some of the early optimism.Early Highs and Subsequent PullbackThe Sensex embarked on the trading day with a promising opening, gaining 289 points to reach 65,722.51 from the previous close of 65,433.30. The index surged further, hitting an intraday high of 65,913.77, marking a rise of 480 points. However, the second half of the session witnessed a reversal as all gains were relinquished. The Sensex concluded with a decline of 181 points, or 0.28%, settling at 65,252.34. The Nifty50 experienced a similar trajectory, ending the day at 19,386.70, down 57 points, or 0.29%.Mid and Small Caps ShineWhile the benchmark indices faced downward pressure, mid and small-cap stocks outperformed. The BSE Midcap index edged up by 0.11%, and the Smallcap index clocked a gain of 0.21%, offering a counterpoint to the broader market trend.Highs and Lows in Individual StocksAmidst the market fluctuations, several individual stocks displayed notable performances. As many as 264 stocks, including Axis Bank, Larsen & Toubro, Dr Reddy's Labs, Federal Bank, Mphasis, Shriram Finance, and Tata Power, touched their fresh 52-week highs during intraday trade on BSE. On the other hand, 35 stocks experienced losses in the Nifty index, with 16 stocks concluding the day with gains.Top Gainers and LosersReliance Industries, Divi's Labs, and Power Grid emerged as the top losers in the Nifty index, experiencing declines of 1.84%, 1.52%, and 1.32%, respectively. Conversely, BPCL, Asian Paints, and IndusInd Bank claimed the top gainer positions in the Nifty index, boasting gains of 1.93%, 1.78%, and 1.26%, respectively.Sectoral PerformanceIn terms of sectoral indices, most ended the day in the red. The Nifty Healthcare Index, PSU Bank, Pharma, and Oil & Gas stood as the top losers among the sectoral indices, marking declines of 0.78%, 0.65%, 0.58%, and 0.56%, respectively. On a positive note, Nifty IT managed to rise by 0.61%. The surge in IT stocks followed Goldman Sachs' initiation of coverage on six Indian IT services companies, predicting growth amid the tailwinds of Generative AI and pent-up demand.A Tapestry of Market DynamicsThe day's trading session captured a spectrum of market dynamics, from initial gains to subsequent profit booking. Amidst the ebb and flow, individual stocks, sectoral indices, and external influences all contributed to the intricate fabric of the market landscape.Disclaimer: The information provided here is for educational purposes only and should not be considered financial advice. Always conduct thorough research and consider consulting a financial professional before engaging in algorithmic trading.

Despite denials by Adani group of fresh allegations labelled by Organised Crime and Corruption Reporting Project (OCCRP), Adani group shares witnessed sell off pressure during early morning deals. All Adani group stocks slipped into the red zone within a few minutes of the stock market's opening bell today.FIIs' Selling Amidst Global CuesForeign institutional investors (FIIs) have emerged as net sellers in August, offloading ₹2,373 crore in Indian equities on the last day of the month, driven by weak global cues. Despite positive global cues, Nifty failed to reclaim the short-term moving average i.e., 20 EMA, forming a long negative candle on the daily chart.Outflow and Inflow TrendsAs per the NSE data, FIIs cumulatively bought ₹47,666 crore of Indian equities, while they sold ₹50,639.21 crore, resulting in an outflow of ₹2,973.10 crore. Meanwhile, domestic institutional investors (DIIs) infused ₹16,236.73 crore and offloaded ₹11,853.97 crore, registering an inflow of ₹4,382.76 crore.Market Performance SnapshotFrontline indices Sensex and Nifty ended in the negative territory lower on the month's last trading session, snapping a five-month winning streak. Sensex ended with a loss of 256 points, or 0.39 per cent, at 64,831.41, while the Nifty ended the day at 19,253.80, down 94 points, or 0.48 per cent.Sector-wise TrendsThe domestically focused small-caps and mid-caps continued to outperform the blue-chips, driven by strong retail inflows. The BSE Midcap index closed 0.02 per cent lower at 31,200.60 after hitting its fresh record high of 31,352.15 during the session. The Smallcap index ended with a gain of 0.79 per cent at 37,143.67 after hitting its record high of 37,197.2 during the session.August Performance OverviewThe Nifty has lost 2.53 per cent in August after gaining 14.16 per cent from March to July, while the Sensex dropped 2.55 per cent in August after rising 12.83 per cent in the previous five months. Overall, for the month of August, Nifty closed lower with a loss of -2 per cent. Broader market outperformed with the Nifty midcap 100 and Nifty smallcap 100 up more than 3-4 per cent each for the month of August.Market OutlookThe benchmark is likely to remain in consolidation mode due to moderation in foreign inflows after a sharp uptick over the last five months.Disclaimer: The information provided here is for educational purposes only and should not be considered financial advice. Always conduct thorough research and consider consulting a financial professional before engaging in algorithmic trading.

Foreign institutional investors (FIIs) made a notable shift in their stance on Thursday, August 24, as they put an end to their selling streak. A combination of factors, including lower US bond yields and positive global cues, influenced this change in sentiment. The US market displayed a positive trend, driven by declining US PMI figures that sparked hopes of an extended rate pause, thereby calming US bond yields. Concurrently, domestic institutional investors (DIIs) continued their net buying trend, injecting ₹5,797 crore into the market during the session.A Change in DirectionAccording to data from the NSE, FIIs collectively purchased ₹12,992.74 crore worth of Indian equities, while simultaneously selling ₹11,467.87 crore, culminating in a net inflow of ₹1,524.87 crore. DIIs, on the other hand, infused ₹13,050.83 crore and divested ₹7,254.22 crore, resulting in a net inflow of ₹5,796.61 crore.Market PerformanceOn August 24, the Sensex concluded the trading session with a decline of 181 points, or 0.28%, settling at 65,252.34. The Nifty followed suit, ending the day at 19,386.70, down 57 points, or 0.29%. Despite this, mid and small-cap stocks showcased resilience and outperformed the benchmark index. The BSE Midcap index posted a modest rise of 0.11%, while the Smallcap index clocked a gain of 0.21%.Global Clues and Interest Rate SpeculationsThe markets are abuzz with anticipation as they await hints on the interest rate trajectory, primarily from Federal Reserve Chairman Jerome Powell. Top officials from central banks including the Federal Reserve, the European Central Bank, the Bank of England, and the Bank of Japan are convening in Jackson Hole, Wyoming, for their annual conference on central banking.US Economic Data and Bond YieldsThe weakening US economic data, particularly the dip in US manufacturing PMI from 49 to 47, has led to a notable decline in the US 10-year bond yield by 14 basis points, reaching 4.19%. This shift has the potential to steer short-term capital flows in favor of emerging markets (EMs) like India, presenting opportunities amid changing global dynamics.Disclaimer: The information provided here is for educational purposes only and should not be considered financial advice. Always conduct thorough research and consider consulting a financial professional before engaging in algorithmic trading.