The Nifty 50 reached an all-time high of 25,333.65 before closing at 25,278.70, up by 43 points or 0.17%. The Sensex also hit a new peak of 82,725.28 during the day, closing at 82,559.84, gaining 194 points or 0.24%.
Despite these gains, the broader market showed signs of caution. While select heavyweights like ITC, Bajaj Finance, Infosys, Reliance, and HCL Tech led the charge, midcap and smallcap indices didn’t share the same enthusiasm, closing slightly lower.
Impact on the stock market
The Nifty Bank index rose by 0.17%, with PSU Bank and Private Bank indices also showing modest gains of 0.51% and 0.25%, respectively.
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| Sector/Index | Performance |
| IT & BPM sector | +0.44% |
| Healthcare sector | -0.71% |
| Oil & Gas sector | +0.22% |
| Real estate sector | -0.24% |
| PSU Bank in India | +0.51% |
Top gainers today
| Company | Price | Change (%) |
| Bajaj Finserv Share Price | 1,840.55 | +13.22 |
| Bajaj Auto Share Price | 11,126.10 | +12.22 |
| Bajaj Finance Share Price | 7,440.05 | +10.33 |
| LTIMindtree Share Price | 6,153.50 | +7.87 |
| HCL Tech Share Price | 1,806.65 | +7.79 |
Top losers today
| Company | Price | Change (%) |
| Grasim Share Price | 2,690.80 | -2.34 |
| Kotak Mahindra Share Price | 1,780.25 | -2.26 |
| Adani Enterpris Share Price | 3,042.15 | -1.84 |
| Nestle Share Price | 2,509.90 | -1.61 |
| Coal India Share Price | 520.85 | -1.51 |
Market aftermath: Impact on stocks
Aegis Logistics surges 10% on heavy volumes
Aegis Logistics shares jumped 8% today, bolstered by a surge in trading volumes with 9 lakh shares changing hands on the BSE and NSE combined. This marked a nearly 10% rise for the stock over the past month, significantly outperforming the Nifty’s 2.2% gain during the same period.
Aegis Vopak Terminals Limited (AVTL), a subsidiary of Aegis Logistics, recently issued bonus shares worth ₹953.7 crore, which further boosted investor sentiment. Additionally, AVTL’s plans to file for an IPO have kept the stock in focus.
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Bajaj twins gain 5% on Housing Finance IPO news
Bajaj Finance and Bajaj Finserv both saw their stock prices gain as much as 5% today. The buzz surrounding the upcoming ₹6,500 crore IPO of Bajaj Housing Finance, set to open on September 9, has been a significant catalyst for these gains.
Bajaj Finserv’s share price rose 4.43% to ₹1,862 per share, continuing its upward momentum from the past three days, where it gained over 8%. Bajaj Finance also saw a jump, reaching an intraday high of ₹7,439.4 per share, rising 3.32%.
The IPO will feature a special quota for shareholders of Bajaj Finserv and Bajaj Finance, further fueling investor interest.
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Suzlon Energy drops; up 800% in 2 years
Suzlon Energy shares continued their downward trend, dropping over 4% today and pushing the company’s market cap below ₹1 lakh crore. Despite this recent dip, the stock has delivered impressive returns over the past year, surging more than 200%.
Analysts remain bullish on Suzlon’s future, especially given its strong order book of 3.8 GW and its position to compete for significant PSU tenders, including those from NTPC. The current orders are expected to be executed through FY26, with a substantial portion slated for FY25.
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Crude oil price decline
Crude oil prices fell today, with November Brent oil futures down by 0.78% to $76.33 per barrel, and crude oil futures on WTI dropping by 0.75% to $73 per barrel.
This decline was driven by market expectations of increased production output from OPEC+ members starting in October.
On the domestic front, September crude oil futures on the Multi Commodity Exchange (MCX) were trading lower by 1.02% at ₹6140. The anticipation of higher output has put downward pressure on prices, affecting the overall energy sector.
Conclusion
Today’s market activity highlighted the varied performances across different sectors. While heavyweights like Bajaj Finance and Aegis Logistics enjoyed significant gains, other stocks like Suzlon Energy faced pressure.
Crude oil prices also saw a decline, adding to the mixed sentiment in the market. As the Indian stock market continues its upward journey, investors should remain vigilant and consider both domestic and global factors that could influence future market movements.
Stay tuned on StockGro for more updates on market trends.
