Daily Stock Market News: Sensex Is At 57552.39, Gained 662.63 Points, Nifty Is At 17132.20, Gained 201.20 Points And Bank Nifty Is At 35424, Gained 76.90 Points.
Top Gainers And Losers
Top Gainers
| COMPANY | PRICE | %GAIN |
|---|---|---|
| BHARTI AIRTEL | 664.05 | 7.03 |
| BAJAJ FINANCE | 7,524.50 | 5.01 |
| EICHER MOTORS | 2,679.25 | 4.91 |
| HINDALCO | 468.30 | 4.52 |
| SHREE CEMENT | 8,287.90 | 4.16 |
TOP LOSERS
| COMPANY | PRICE | %LOSS |
|---|---|---|
| TATA MOTORS | 287.30 | -1.59 |
| NESTLE | 19,467.75 | -1.39 |
| INDUSIND BANK | 992.40 | -1.26 |
| RELIANCE | 2,258.15 | -0.53 |
| BPCL | 471.65 | -0.19 |
As Of Today 31-08-2021 Grey Market Premium Of Vijaya Diagnostic Centre Is 3% And The Grey Market Premium Of AMI Organics Limited Is 22%.
More Info Like Only Buyers And Sellers Stocks Or 52 Week High Or Low Stocks Click Here
Why IEX Is Rallying
The Government Was Given Permission For The Power Generated In Gujarat By Tata Power And Adani Power To Trade On Power Exchange.
The Only Power Exchange In India Is IEX ( Indian Energy Exchange ). This Is The Main Reason Why IEX Is Rallying From The Past Few Days. IEX Has Gained More Than 20% In Last Two Days.
Adani Power Also Closed In Upper Circuit, Whereas Tata Power Didn’t Make A Big Move. It’s Mainly Because Tata Power Stock Already Increased A Lot.
That’s Why Even There Are Multiple Positive Updates Regarding Tata Power. The Stock Is Not Making A Big Move. The Stock Is Currently In Consolidation State.
Acrysil
Acrysil Is India’s Largest Kitchen Sink Manufacturer. Yesterday Acrysil Has Announced That They Are Increasing Their Capacity Of Manufacturing Quartz Kitchen Sinks.
The Company Announced That They Are Increasing Their Manufacturing Capacity Of Quartz Kitchen Sinks By 1.6 Lakh. If We Add This To Their Previous Capacity. The Total Manufacturing Capacity Will Be Around 1 Million.
Whenever If Any Company Expands Their Capacity It Is Only Because If They Are Unable To The Meet The Outside Demand Or If There Is Possibility Of Increase In Demand In Future.
So We Can Expect That The Company May Perform Better In Future And The Company Will Also Gain From Real Estate Boom In India.
Reliance Industries
As They Stated In Their AGM That There Are Going To Increase Their Business In Clean Energy. So Related To This, Reliance In Talks To Acquire The Largest Solar Manufacturer In Europe REC Group. So We Can See That Reliance Is Moving Towards Clean Energy Business.
Sugar Stocks
Today There Is a Big Rally In Sugar Stocks, But Globally There Are Important Updates Regarding Sugar And Coffee.
In August Alone Sugar Prices Has Increased About 13%. The Current Sugar Prices Are The Highest In Last Four Years. The Main Reason For The Increase In Prices Of Sugar Is Because In Brazil The Production Or Output Of Sugar Is Fallen In Recent Times.
Brazil Is The Global Leader In Supplying Of Sugar, As Brazil Sugar Output Is Fallen Recently, It Resulted In Increase In Prices Of Sugar. Even In Thailand Due To Drought Conditions Sugar Production Is Fallen.
So As Globally Due To Demand And Supply Issues, Sugar Prices Are Increasing. This Is A Positive News For Sugar Stocks.
Tata Coffee
Due To Lock Down In Vietnam, Coffee Prices Are Increasing Globally. Vietnam Is The Major Producer Of Coffee.
This Is The Reason Why Tata Coffee And CCL Products Rallied Today. The Demand Will Remain Same, So Whenever The Supply Decreases Automatically It Will Result In Increasing Of Prices.
Bank Nifty
If We See Today Nifty And Sensex Rallied More Than One Percent But Bank Nifty Is Not Rallied Much. This Is Mainly Because Of The Update Regarding AU Small Finance Bank.
It Damaged The Sentiment Of Other Financial Stocks, The Update Is Top Management Of AU Small Finance Bank Are Resigning, Recently We Have Seen Top Management Of Ujjivan Small Finance Bank Also Resigned. And Now The Same Happening In AU Small Finance Bank.
As The Top Management Of Small Finance Bank Are Resigning. It Impacted On The Other Financial Stocks.
Subex
Subex Announced That They Extended Their Previous Partnership With Bangladesh Based Telecom Company ROBI.
The Partnership Includes Upgradation Of Their Systems To 5G And To Provide Services Related To RAFM ( Revenue Assurance And Fraud Management Systems ).
SUBEX Mainly Provides Services Related To These Services For Telecom Companies.
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