CLOSING BELL: Sensex closed at 59,085, up 54 points and the Nifty50, ended 27 points higher at 17,605
Published On: Wednesday, August 24, 2022 | By: Team KnowMyStock
Indian equities whipsawed in trade today(24 August 2022) as investors juggled between expensive valuation, tepid global mood, and robust domestic outlook. The S&P BSE Sensex closed at 59,085, up 54 points or 0.09 percent. The NSE Nifty50, meanwhile, ended 27 points, or 0.16 percent, higher at 17,605. In the broader markets, the BSE MidCap and SmallCap indices advanced 0.7 percent each. Sector-wise, the Nifty Media index climbed 1.7 percent, the Nifty Realty added 1.8 percent, and the Nifty Private Bank index gained 1.6 percent. On the flipside, the Nifty IT and Pharma slipped 0.3 percent each.
Retail shareholders/investors stand to gain the most in the short-to-medium term from Gautam Adani group’s takeover bid for Prannoy Roy and Radhika Roy-controlled New Delhi Television Ltd. (NDTV), said analysts.
Technically, shares of NDTV have rallied four-fold since December 2021, staging one of its biggest rally since 2007-08. On the upside, the stock can surge to Rs 450.
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