Market wrap: Kotak Mahindra Bank, Power Grid, Maruti Suzuki, Trent top gainers and losers on Nifty and Sensex on Friday

The Indian stock market rose for the second consecutive session on Friday, August 21, although uncertainties in the Middle East capped gains in the benchmark indices.

The NSE Nifty50 settled 20.15 points, or 0.08%, higher at 24,252, while the BSE Sensex ended almost flat at 77,540.83, gaining just 3.11 points.

Broader markets outperformed the benchmarks, with the Nifty Midcap100 and Nifty Smallcap100 indices gaining 0.10% and 0.69%, respectively. Among sectors, the Nifty Metal index led gains, rising around 0.9%. The Nifty FMCG and Nifty Auto indices declined 0.6-0.7%.


Market breadth remained positive, with 1,885 stocks advancing on the NSE against 1,634 declines, while 125 stocks remained unchanged.

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Here are today’s top gainers on the Nifty

Here are today’s top gainers on the Sensex

Here are today’s top losers on the Nifty

Here are today’s top losers on the Sensex

Technical View

The Nifty remained range-bound during the session, with the index confined between the 20EMA and 50EMA on the hourly chart. On the daily chart, too, the index remained within the bands of the 20EMA and 50EMA, said Rupak De, Senior Technical Analyst at LKP Securities.

“Overall, sentiment remains sideways to mildly positive. On the lower end, support is placed at 24,200. A fall below 24,200 might trigger a correction towards 24,000. On the higher end, resistance is placed at 24,350; a rise above this level might take the index towards 24,500,” said De.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)