The stock market today, August 12, saw a mixed start with the BSE Sensex opening at 79,477, down by 228 points or 0.29 per cent, while the NSE Nifty50 was at 24,282, down by 85 points or 0.35 per cent in early trading. Investors are closely monitoring the market as various factors continue to influence stock prices.
In the share market today, there were several top losers on the BSE Sensex. Adani Ports, NTPC, SBI, Titan Company, Power Grid, and Hindustan Unilever were among the companies that experienced a decline in their stock prices. These companies saw fluctuations in their CMP, day high, day low, and opening prices, indicating a volatile trading session.
Looking back at the last trading session, on Friday, the NSE Nifty 50 closed up by 250.50 points or 1.04 per cent at 24,367.50, while the BSE Sensex rose by 819.69 points or 1.04 per cent to finish at 79,705.91. This positive momentum from the previous session has set the tone for today’s trading activities.
Key stocks to watch today include Reliance Industries, Aurobindo Pharma, ONGC, Bank of Baroda, and Jubilant FoodWorks. These companies have been in the news recently for various reasons, ranging from workforce reductions to financial performance and strategic investments. Investors are keeping a close eye on these stocks for potential opportunities.
Reliance Industries, India’s largest conglomerate, recently announced a significant reduction in its workforce, raising concerns about its retail division. Aurobindo Pharma reported a substantial increase in its consolidated net profit for Q1FY25, showcasing strong financial performance. ONGC received government approval for investments in ONGC Petro additions Limited (OPaL) and awarded a contract to Mazagon Dock Shipbuilders. Bank of Baroda is set to raise its lending rates, impacting borrowers with higher EMIs. Jubilant FoodWorks reported a profit increase but fell short of market expectations.
Inox Wind also made headlines by achieving a profit of Rs 50 crore for the June quarter, marking a turnaround from a loss in the same period last year. These developments in various sectors of the market highlight the dynamic nature of the stock market and the importance of staying informed to make informed investment decisions.
Overall, the stock market today presents a mix of opportunities and challenges for investors. By staying updated on market trends, company news, and economic indicators, investors can navigate the market effectively and make strategic investment decisions.