Markets continue to cheer GST reforms; European mrkt advance
Barring pharma, all the sectoral indices on the NSE were traded in green with oil & gas, auto and media shares advancing the most.
At 13:25 IST, the barometer index, the S&P BSE Sensex advanced 405.06 points or 0.50% to 81,678.81. The Nifty 50 index gained 107.80 points or 0.43% to 24,984.70.
The broader market outperformed the headline indices. The S&P BSE Mid-Cap index rose 0.60% and the S&P BSE Small-Cap index added 0.70%.
The market breadth was strong. On the BSE 2,483 shares rose and 1,482 shares fell. A total of 169 shares were unchanged.
Gainers & Losers:
Tata Motors (up 3.37%), Bajaj Auto (up 2.53%), Reliance Industries (up 2.31%), Adani Ports & Special Economic Zone (APSEZ) (up 2.18%) and Hero Motocorp (up 2.11%) were the major Nifty50 gainers.
Grasim Industries (down 1.29%), Bajaj Finserv (down 1.02%), Hindalco Industries (down 0.99%), Dr Reddys Laboratories (down 0.97%) and Bharat Electronics (BEL) (down 0.75%) were the major Nifty50 losers.
Stocks in Spotlight:
Hindustan Zinc rose 0.25% after the company said that its board has approved to set up a tailings reprocessing plant at Rampura Agucha, Bhilwara, Rajasthan, aimed at recovering metals from the tailing dumps. The said project is part of the companys plan to double its production capacity. The new plant, with a capacity of 10 million tonnes per annum (Mtpa), will be developed with an investment up to Rs 3,823 crore and is targeted for completion within 28 months from the zero date.
HLE Glascoat hit an upper circuit of 20% after announcing the successful completion of its strategic European acquisition. In a regulatory filing, the company disclosed that its wholly owned step-down subsidiary, HLE Surface Technologies GmbH, finalized the acquisition of specific assets of Germany-based Omeras GmbH, along with all shares of its subsidiary Omerastore GmbH, The acquisition, valued at 2.75 million euros
SPML Infra shed 0.27%. The company has announced it has received an order worth Rs 1,073 crore project from the Indore Municipal Corporation for the augmentation of the city's water supply system under the Government of Indias AMRUT 2.0 initiative.
Alembic Pharmaceuticals added 0.59%. The company received final approval from the US Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) Macitentan tablets, 10 mg.
Vedanta jumped 2.49% after the company announced that its board will meet on Thursday, 21 August 2025, to consider a second interim dividend for FY2025-26.
Global Markets:
Most European markets advanced after prospects of talks between Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky raised hopes of easing tensions.
Most Asian markets declined on Tuesday as traders digested the talks between U.S. President Donald Trump, Ukraines President Volodymyr Zelenskyy and European leaders at the White House, aimed at stopping the Moscow-Kyiv conflict.
In a social media post late on Monday, Trump said he had called Putin and begun arranging a meeting between Putin and Zelenskiy, to be followed by a trilateral summit among the three Presidents.
Investors are also closely watching the Fed's Jackson Hole, Wyoming, conference between August 21 and 23, where Fed Chair Jerome Powell is expected to speak, could offer more clarity on the economic outlook and the central bank's policy framework.
Overnight stateside, all three key benchmarks ended the day near the flatline.
The Dow Jones Industrial Average dropped 34.30 points, or 0.08%, to close at 44,911.82. The S&P 500 closed down 0.01% and ended at 6,449.15, while the Nasdaq Composite inched up 0.03% to settle at 21,629.77.
Data on Friday showed that while retail sales were increasing broadly as anticipated, consumer sentiment overall had taken a hit from mounting inflation fears. On Monday, the National Association of Home Builders/Wells Fargo Housing Market Index fell to the lowest reading since December 2022.
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Best stocks to buy today: Ankush Bajaj's top three recommendations for 20 August
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Pattern: Head-and-shoulder breakout above ₹210 with high volume MACD: Positive at 5, confirming buy momentum RSI: 70, in bullish zone ADX: 18, signaling emerging trend strength Technical analysis: The breakout structure along with strong volume points to further upside toward ₹244. Risk factors: Market remains cautious despite strong earnings growth, as reflected in low P/E valuation. Sustainability of margins, cyclicality in steel/iron ore demand, and volatility in raw material costs may weigh on the stock. Buy at: ₹216 Target price: ₹244 Stop loss: ₹202 Why it's recommended: Motilal Oswal is showing strong bullish momentum, with the daily RSI at 62, MACD at 10.60 in positive territory, and ADX at 18, indicating a strengthening trend. The stock broke above ₹960 to a new high and is now retesting this level. Sustaining above ₹980 could lead to a rally above 1,000 in the near term. 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Pattern: Breakout above upper channel on intraday chart MACD: Positive crossover, signaling buy entry RSI: 62, in bullish zone ADX: 25, signaling strong trend Technical analysis: The breakout with supporting momentum indicates an upside move toward ₹735 in the near term. Risk factors: Auto sector cyclicality, global slowdown risks, rising raw material costs, and exposure to international markets (Jaguar Land Rover) may impact performance. Buy at: ₹700.25 Target price: ₹735 Stop loss: ₹682 How the market performed on 19 August On Tuesday, sectoral performance showcased resilience across cyclicals and consumption-driven spaces. Pharma (−0.34%), the Financial (−0.06%), and Healthcare (−0.05%) saw mild pressure, but strength from other segments overshadowed this weakness. Oil & Gas surged 1.66%, Auto rose 1.31%, and FMCG added 1.05%, highlighting a clear tilt toward cyclical and demand-led plays. In stock-specific action, Tata Motors shone with a 3.59% jump, followed by Adani Port which rallied 3.18%, and Reliance which gained 2.78%. However, a few heavyweights restricted the overall upside. Dr. Reddy slipped 1.47%, Bajaj Finance fell 1.07%, and Cipla shed 1.04%. Softer-than-expected US inflation data revived hopes of a September Federal Reserve rate cut, while domestic retail inflation cooling to an eight-year low of 1.55% lifted investor sentiment. These twin macro positives provided a strong cushion, allowing Nifty to comfortably hold above 24,600 despite sectoral divergences. Nifty technical analysis: daily & hourly The Nifty 50 continued its upward momentum on August 20, 2025, closing at 24,980 with gains of 103 points or 0.42 percent, extending its resilience after recent volatility. 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Meanwhile, the MACD has turned positive, though it continues to trade below both its signal line and the zero axis, suggesting that while downside pressures have eased, a sustained confirmation of trend reversal is still awaited. According to O'Neil's methodology market direction, market status has been downgraded to an "Uptrend Under Pressure" as Nifty breached its "50-DMA" and the "distribution day count" is at four. The index continues to encounter strong resistance near its 50-DMA, with 25,000 and the 50-DMA is likely to remain the key resistance zone in the near term. A decisive close above this hurdle would be a constructive technical development and could open the path for an upside move toward 25,250–25,350. On the downside, immediate support is placed at 24,700, where a breach could negate the current recovery attempt and reintroduce selling pressure. Below this, further supports are seen at 24,600 and 24,350, making these critical levels to watch for the index's next directional move. How did Nifty Bank Perform Yesterday? On Tuesday, Bank Nifty began on a weak note and witnessed volatile movement in the early hours of trade. However, buying interest at lower levels provided positive momentum, helping the index close in the green. It formed a bullish candle, signaling strength, though it faced resistance near its 21-DMA, placed at 25,911. Throughout the session, it opened at 55,622.30 and moved within a narrow range of 55,965.55 to 55,608.15. Eventually, it closed at 55,865.15, sustaining its intraday gains. The price action reflects resilience, though a breakout above the 21-DMA will be crucial for further upside. The RSI has inched higher from the previous session and is now positioned near 50, indicating improving momentum. 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MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. It offers tools and resources to help investors make informed decisions based on the CAN SLIM methodology, founded by legendary investor William J. O'Neil. You can access a 10-day free trial by registering on its website. Trade name: William O'Neil India Pvt. Ltd. Sebi Registration No.: INH000015543 Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
