Share Market Highlights 9 August 2024: Sensex and Nifty soar over 1%, top gainers Eicher Motors, ONGC
Sensex, Nifty, Share Prices highlights: Indian benchmark indices, Sensex and Nifty, opened more than 1% higher on Friday, buoyed by a global market recovery. At 3:30 p.m, BSE Sensex closed at 79,705.91, higher by 819.69 pts or 1.04%, and Nifty 50 ended at 24,367.50, up 250.50 pts or 1.04%. Analysts anticipate ongoing market fluctuations as they await new catalysts, with recent results and the RBI’s policy decisions now in the rearview. Top gainers today are Eicher Motors (5.68%), ONGC (3.05%), Shriram Finance (2.88%), Tata Motors (2.81%), Tech Mahindra (2.63%).
Top losers today are HDFC Life (-1.09%), Kotak Mahindra (-0.16%), Maruti (-0.12%), Sun Pharma (-0.10%).
Analysts suggest that sectors like IT and FMCG might outperform during potential market pullbacks. Meanwhile, the RBI’s unchanged monetary policy and cautious stance align with expectations, while technical experts caution about Nifty’s choppy short-term trend, noting resistance at 24,350 levels and potential support at 23,900.