Stock market sees no significant gains

The stock market ended with a slight gain on August 25. The Nifty was under strong pressure as it could not rise above 14.5000 points. At the close, the Sensex was up 45 points and the Nifty was up 6 points. Bank and finance stocks were the top gainers on the day.

On August 24, the US stock market set a new all-time high. The Nifty rose above 11,500 points this morning on the back of gains in the US market. But then the Nifty fell to 11,423.35 points. The stock finally closed at 11,472 points. The Nifty is under pressure at 11,550 points.

The Sensex ended at 38,843 points on the day. The Sensex had gained over 39,008.89 points during trading. Since then, it has fallen to 38,679.67 points.

Sixteen stocks in the Nifty gained while 32 stocks declined. Two shares remained unchanged. The market was generally witnessing gains ahead of the expiration of the holiday contracts on Thursday.

Tata Motors, Bajaj Finance, SBI, Asian Paints and ICICI Bank were the top five gainers in the Nifty. Tata Motors rose 5.16%. Bajaj Finance gained over 3%. The Nifty Bank Index was up 1.13%.

Sree Cements, GAIL, Bajaj Auto, Sun Pharma and Tata Steel were the top five losers in the Nifty. Sree Cements and GAIL fell more than two per cent.