Nifty trade above 24,300 in early trade; breadth strong | Capital Market News - Business StandardMonday, August 24, 2026
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CBSE Language Policy Home / Markets / Capital Market News / Nifty trade above 24,300 in early trade; breadth strongNifty
trade above 24,300 in early trade; breadth strong Last Updated : Aug 24 2026 | 10:04 AM ISTThe key equity benchmarks
traded with modest gains in early trade. The Nifty traded above the 24,300 level. IT, metal and realty shares advanced,
while consumer durables, pharma and auto declined on the NSE. At 09:30 IST, the barometer index, the S&P BSE Sensex,
jumped 192.31 points or 0.25% to 77,744.85. The Nifty 50 index added 52.55 points or 0.22% to 24,304.55. The broader
market outperformed the frontline indices. The BSE 150 MidCap Index advanced 0.27% and the BSE 250 SmallCap Index rose
0.48%. The market breadth was strong. On the BSE, 2,195 shares rose and 1,138 shares fell. A total of 262 shares were
unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 542.71 crore, while domestic institutional
investors (DIIs) were net buyers to the tune of Rs 2,124.14 crore in the Indian equity market on 21 August 2026,
according to provisional data. Stocks in Spotlight: Also Read Stock Market LIVE: Sensex up 80 pts, Nifty tops 24,250;
Nifty IT gains 1% as Infosys, HCLTech leadIndia negotiating FTAs with 8-9 blocs, aims to cover 75% of trade:
GoyalLow-pressure area over Bay of Bengal to bring heavy rain in east IndiaHorizon Industrial Parks shares list near IPO
price in muted debut on D-StLalithaa Jewellery shares shine bright on market debut, list at 32% premium Caplin Point
Laboratories fell 2.46%. The company announced that the US Food and Drug Administration (USFDA) conducted an unannounced
inspection of its subsidiary Caplin Steriles injectable and ophthalmic manufacturing facility in Gummidipoondi, Tamil
Nadu. Federal Bank shed 0.07%. The company announced that its board has approved a proposal to raise up to $500 million
through the issuance of foreign currency-denominated bonds via its IFSC Banking Unit (IBU) at GIFT City. Numbers to
Track: The yield on India's 10-year benchmark federal paper rose 0.03% to 6.848 compared with the previous session
close of 6.846. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible
rupee was hovering at 95.6550 compared with its close of 95.7150 during the previous trading session. MCX Gold futures
for the 5 October 2026 settlement rose 0.50% to Rs 1,63,285. The US Dollar Index (DXY), which tracks the
greenback's value against a basket of currencies, was up 0.04% to 98.84. The United States 10-year bond yield shed
0.59% to 4.710. In the commodities market, Brent crude for the October 2026 settlement fell $1.21 or 1.28% to $93.18 a
barrel. Global Markets: Asian stocks were largely subdued on Monday, as rising government bond yields around the world
continued to weigh on risk appetite. Bond yields in Japan, France and Germany have climbed to multiyear highs, while
U.S. long-term yields have also remained elevated. Investors remained concerned that the U.S.-Iran conflict could drag
on, keeping oil prices elevated and adding to inflationary pressures. President Donald Trump has threatened to impose
penalties on countries that continue to trade with Iran, while Treasury Secretary Scott Bessent has warned of secondary
sanctions. Iran has rejected the threats, and Washington is expected to announce additional sanctions on Monday.
Treasury Secretary Scott Bessent's decision to at least double the size of planned buybacks of longer-dated
government debt to $4 billion per operation from $2 billion initially offered relief to the bond market. However, the
gains quickly faded, with Treasury yields rebounding as investors remained concerned about inflation, government
borrowing and the broader fiscal outlook. U.S. stocks found firmer footing on Friday after data showed continued
economic resilience and a sharp acceleration in services-sector activity. The Dow Jones Industrial Average rose 0.98%,
while the S&P 500 gained 0.43% and the Nasdaq Composite advanced 0.44%. S&P Global's flash PMI showed U.S.
services activity accelerated sharply in August, with the Services PMI rising to 56.8 from 54.6 in July. In individual
stocks, Ross Stores rose 4.4% after the discount retailer raised its full-year earnings guidance following
better-than-expected quarterly results. In the week ahead, investors will focus on quarterly results from AI chipmaker
Nvidia, along with earnings from software companies including Intuit, Salesforce and CrowdStrike. Markets will also be
watching whether Nvidia's results and outlook can sustain investor enthusiasm around artificial intelligence. The
U.S. economic calendar includes the July Personal Consumption Expenditures price index, the Federal Reserve's
preferred inflation gauge, due on Wednesday, 26 August. Markets will also turn to the Federal Reserve's Jackson
Hole symposium from 27-29 August, where Fed Chair Kevin Warsh is scheduled to speak on Friday. Investors will look for
clues on the outlook for interest rates, particularly after stronger-than-expected August services activity reinforced
concerns about inflationary pressures.Powered by Capital Market - Live NewsDisclaimer: No Business Standard Journalist
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