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News Topical, Digital Desk : The stock market on Thursday, the day of weekly expiry, saw gains for the sixth consecutive session. After a positive start at 25,140 in the morning, the Nifty slipped to 25,050 in the first half hour. But the bulls maintained this support and within an hour the index reached the day's highest level of 25,153. After 2:20 pm, under the pressure of profit booking, the Nifty came down 85 points from the day's high and closed just below 25,100 with a marginal gain of 33 points near the day's low.
Nifty could not decisively cross the 25,150 level and remained in a limited range till the end of the session. From the pharma sector, Cipla and Dr Reddy's Labs supported the market. RIL contributed to the Nifty's gain with a gain of 1%. Strong performance was also seen from Bajaj Finserv. However, Tata Consumer, Bajaj Auto and Eternal showed pressure.
Signals from global markets
showed a decline in major US markets on Thursday. Monetary policy signals are awaited from the Federal Reserve's Jackson Hole conference. Walmart's quarterly profit disappointed, with its shares falling 4.3%. The company raised sales and profit estimates for the full year, but quarterly profit was below expectations. Mixed results from retailers like Target and Home Depot and decline in tech stocks like Meta, Amazon, and AMD put pressure on the market.
The pan-European STOXX 600 index remained stable. While major markets had mixed trends. The EU expressed its commitment to implement the trade agreement reached with the US last month, which includes a demand for lower tariffs on EU car exports.
Which stocks to watch Apollo Hospitals: According to sources, a block deal of Rs 1,395 crore can be done. Promoter Sunita Reddy can sell 1.25% stake at a floor price of Rs 7,747 per share. Morgan Stanley will be the broker. The stock closed 0.47% higher at Rs 7,920.
Wipro: Will acquire 100% of Harman Connected Services for $375 million.
NTPC Green Energy: Started commercial operation of 49.125 MW at Khavda Solar Project.
Vedanta: Announced second interim dividend of Rs 16 per share for the financial year 2026, on which a payment of Rs 6,256 crore will be made. The record date for this is 27 August 2025.
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