Sensex gains 213 points led by IT shares
The 30-share BSE Sensex climbed 213.45 points or 0.26 per cent to settle at 81,857.84. During the day, it jumped 341.23 points or 0.41 per cent to 81,985.62.
The 50-share NSE Nifty edged higher by 69.90 points or 0.28 per cent to 25,050.55.
Among Sensex firms, Infosys surged the most by 3.88 per cent, followed by Tata Consultancy Services, which climbed 2.69 per cent. Hindustan Unilever, NTPC, Tata Steel, Tech Mahindra, Eternal and HCL Tech were also among the gainers.
However, Bharat Electronics, Bajaj Finance, Tata Motors and Trent were among the laggards.
In Asian markets, South Korea's Kospi and Japan's Nikkei 225 index settled lower while Shanghai's SSE Composite index and Hong Kong's Hang Seng ended higher.
Markets in Europe were trading on a mixed note. The U.S. markets ended mostly lower on Tuesday (August 19).
Investors turned their attention towards U.S. Federal Reserve Chair Jerome Powell's forthcoming statements at the Jackson Hole Symposium and minutes from the Fed's recent meeting.
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India Today
an hour ago
- India Today
Sensex ends 213 points higher, Nifty above 25,000; Infosys up 4%
Benchmark stock market indices rebounded to close higher as they recovered from early losses as IT stocks surged, helping markets close in S&P BSE Sensex gained 213.45 points to close at 81,857.84, while the NSE Nifty50 added 69.90 points to end at 25, Nair, Head of Research, Geojit Investments Limited, said that the market sustained its positive momentum, supported by strong domestic inflows and favourable macro tailwinds."However, rich valuations and external risks, particularly the U.S. tariffs and sanctions on purchase of Russian crude, continue to pose challenges. Hence, greater visibility on U.S. trade policy and the path of earnings recovery will be critical," he led the market with strong gains of 3.88%, followed by Tata Consultancy Services up 2.69%, Hindustan Unilever rising 2.46%, NTPC gaining 2.10% and Tata Steel adding 1.79%. Bharat Electronics crashed 2.16%, Bajaj Finance slipped 1.64%, Tata Motors was down 1.49%, Trent fell 0.82% and ITC declined 0.75%.Broader markets ended in green as Nifty Midcap100 gained 0.46% and Nifty Smallcap100 rose 0.30%, while India VIX slipped 0.04%, showing lower sectors, Nifty IT led the rally with a sharp rise of 2.69%, followed by Nifty FMCG up 1.39% and Nifty Realty higher by 1.06%. Gains were also seen in Nifty Metal at 0.43%, Nifty Consumer Durables at 0.06% and Nifty Auto at 0.05%.Nifty Media fell the most with a cut of 1.98%. Losses were also seen in Nifty Financial Services down 0.44%, Nifty Pharma lower by 0.44%, Nifty Private Bank slipping 0.36%, Nifty PSU Bank down 0.27%, Nifty Healthcare Index falling 0.26% and Nifty Oil and Gas losing 0.13%."Global sentiment is cautious ahead of the release of the FOMC minutes later today, with investor attention gradually shifting to the U.S. Fed Chair's speech at Jackson Hole this weekend, which is expected to provide clearer guidance on future policy direction," said Nair.- Ends
News18
an hour ago
- News18
Indian stock benchmarks extend gains; Sensex gains 213 points, Nifty tops 25K
New Delhi [India], August 20 (ANI): Indian stock markets on Wednesday closed with both benchmark indices higher after recovering from early losses. Sensex rose 213.45 points, or 0.26 per cent, to settle at 81,857.84, while the NSE Nifty 50 gained 69.90 points, or 0.28 per cent, ending at 25,050.55. Over the past five sessions, the Sensex has advanced around 2.3 per cent and the Nifty about 2 per cent, lifted by optimism around proposed Goods and Services Tax (GST) reforms. Experts note that strong domestic inflows and stable global cues have further strengthened investor to Ashika Institutional Equities – Ashika Stock Broking, markets opened on a cautious note but steadily gained ground.'Sentiment was buoyed after China, India's largest trading partner, kept its key interest rate unchanged, a move that signals policy stability and carries potential implications for India's trade outlook. On the technical front, Nifty decisively broke past its crucial resistance at 25,000 and continued to hold firm above this mark, further boosting investor confidence," it Nair, Head of Research at Geojit Investments Limited, highlighted that the rally was supported by domestic factors but cautioned about external risks.'The Indian market sustained its positive momentum, supported by strong domestic inflows and favourable macro tailwinds. However, rich valuations and external risks, particularly the U.S. tariffs and sanctions on the purchase of Russian crude, continue to pose challenges. Hence, greater visibility on U.S. trade policy and the path of earnings recovery will be critical," he said. Nair also pointed out that global markets are awaiting cues from the release of the US Federal Reserve's FOMC minutes and Fed Chair Jerome Powell's upcoming address at Jackson Shah, Head of Technical and Derivatives Research at SBI Securities, noted the significance of Nifty relcaiming 25K mark. 'The benchmark indices Nifty has continued its northward journey for the fifth consecutive trading session. Most noteworthy, it has ended the session above the psychosocial level of 25,000 mark. Bank Nifty, on the other hand, relatively underperformed, trading sideways in a narrow range," he explained. Shah added that sectoral performance remained mixed, with IT and FMCG stocks leading the gains, while media and pharma shares slipped. Infosys and TCS emerged as top performers in the Nifty pack, while BEL and Shriram Finance were among the major markets also mirrored the upbeat sentiment. Both Nifty Midcap and Nifty Small Cap 100 indices ended in the green, outperforming frontline benchmarks for the second consecutive session. Market breadth remained strong, with more than half of the Nifty 500 constituents closing higher. (ANI)
Mint
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Infosys employees to get 80% average performance bonus after strong Q1 earnings: Here's what we know…
Employees of IT major Infosys will get performance bonus of around 80 per cent on average, according to a report by Moneycontrol, citing an internal memo sent to staff. This comes after the Bengaluru-based MNC recorded strong earnings in Q1FY26, it added. Livemint could not independently verify the report. All employees in Band 6 and below can expect quarterly bonuses. These include junior to mid-level staff. Notably, last year, the average performance bonus given out in this quarter was around 65 percent, it added. Till time of writing, Infosys did not respond to queries on the matter, the report said. The payout percentage will be based on the performance level ratings of each individual, the report said: For PL4 employees, the bonus payout will range from 80-89 per cent, depending on their performance category. Overall, those rated 'outstanding' will get 89 per cent of their eligible bonus, while employees in the 'needs attention' category will get 80 per cent bonus. For PL5 employees, the bonus payout will range from 78-87 per cent, depending on their performance category. For PL6 employees, the bonus payout will range from 75-85 per cent, depending on their performance category. Overall, the highest rated will get 85 per cent of their eligible bonus, while employees in the lowest band will get 75 per cent bonus. Bonus letters will be uploaded to each employees 'e-dockets', the report said. Notably, during market open on August 20, tech stocks, including Infosys recorded solid gains, lifting the Nifty IT index by 2.70 per cent, its biggest single day jump since May 2025. Infosys led the pack, rising 4 per cent to ₹ 1,497, followed by Coforge and MphasiS, which gained 3.3 per centand 3.2 per cent, respectively. Other stocks, including TCS, Persistent Systems, Tech Mahindra, Oracle Financial Services, Wipro, LTIMindtree, and HCL Technologies, also ended higher with gains ranging between 1.5-3 per cent. The robust rally in tech stocks can be attributed to multiple factors, as the sustained sell-off in the recent weeks has brought valuations down to more comfortable levels, prompting investors to take a fresh look at the sector despite weak demand outlook.
