The Sensex fell below 37,000 points following a sharp fall. The Sensex ended at 36.553 points. The Nifty closed at 10,805. The market, which opened with a loss, continued to decline sharply since then. The Nifty fell nearly 1,000 points from its highs in August.

Most of the index-based stocks were down on the day. Forty-seven stocks in the Nifty declined while only three stocks rose. Nifty stocks that registered gains were Infratel, Zee Limited and Hindustan Unilever.

IndusInd Bank, Tata Motors, Bajaj Finance, Grasim Industries and TCS were the biggest losers in the Nifty. IndusInd Bank fell 7.45 per cent. Tata Motors, Bajaj Finance, Grasim Industries and TCS were down more than 5 per cent.

IT and metal stocks were the biggest losers. The Nifty IT index was down 4.20 per cent and the Nifty metal index was down 4.24 per cent. Sales pressure was also strong in the banking, auto and pharma sectors. The Nifty Bank Index was down 3.41 per cent, the Nifty Auto Index was down 3.54 per cent and the Nifty IT Index was down 3.04 per cent.

IT stocks TCS and Tech Mahindra fell more than 5 per cent. Metal stocks such as Jindal Steel, NMDC, National Aluminum and SAIL also fell more than 50 per cent. Shares of IndusInd Bank, RBL Bank and Federal Bank also lost over 5 per cent.

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Thirty-five Nifty stocks rose while 15 stocks declined. Bharti Airtel, JSW Steel, Hindalco, Asian Paints and Bajaj Finance were the top five gainers in the Nifty. Bharti Airtel rose 7.11%. Shares of JSW Steel, Hindalco, Asian Paints, Bajaj Finance, NTPC and Tata Steel gained over 4%.

The Supreme Court ruling on the payment of AGR arrears by telecom companies has created a mixed reaction among stocks in the sector. Shares of Bharti Airtel rose 70 per cent, while Vodafone Idea fell more than 12 per cent.

The September 1 verdict was eagerly awaited one of the Supreme Court. The Supreme Court has allowed telecom companies 10 years to pay AGR arrears. This deadline will start on April 1, 2021. The court also ordered that 10 per cent of the amount be paid by March 31. The telecom companies had asked the Supreme Court to allow them 15 years. The verdict has generated a positive response in the market in general.

Metal stocks performed the best on September 1. The Nifty Metal Index was up 3.15 per cent. Shares of JSW Steel, Jindal Steel, Hindalco, Tata Steel, SAIL and National Aluminum rose over 40 per cent. The Nifty Pharma index was up 2.34 per cent and the Nifty FMCG was up 1.28 per cent. Leading pharma stocks Biocon gained 7.63%.

Infratel, ONGC, Axis Bank, Adani Ports and Infosys were the biggest losers in the Nifty.

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The Sensex was down 394 points and the Nifty 96 points. The Sensex ended at 38,220 points on August 20. The Sensex had gained over 38,402 points in the morning session. Similarly, the Nifty closed at 11,312 points.

Thirteen Nifty stocks gained while 37 stocks lost. The top five gainers were NTPC, Powergrid, ONGC, Coal India and BPCL. NTPC rose 6.87 per cent.

Energy stocks were the main gainers on the day. The Nifty Energy Index rose 1.98 per cent. Adani Transmission gained 10%; Tata Power was up 8%. Metal stocks also gained. Leading metal stocks Jindal Steel rose 3.25%. Metal stocks have been gaining steadily over the past few days.

Bank stocks, meanwhile, came under selling pressure. The Nifty Bank Index was down 1.29 per cent. Ten of the 11 stocks in the Nifty Bank index lost ground.

Tata Motors, HDFC, Axis Bank, ICICI Bank and Wipro were the top five losers in the Nifty. Shares of Tata Motors, HDFC, Axis Bank and ICICI Bank fell more than 2 per cent.

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The Sensex ended at 38,050 points on August 17. The Sensex ended lower at 37,734 points. The Sensex rose more than 300 points from a low.

The Nifty closed at 11,247 points. The Nifty traded lower by 11,144 points and then rose by more than 100 points. The Nifty is currently trading at a high of 11,267 points.

Thirty-nine stocks in the Nifty gained while 11 stocks lost. The top five gainers were NTPC, Eicher Motors, Zee Limited, Hindalco and Bajaj Auto. NTPC gained 7.47%. Eicher Motors, Zee Limited, Hindalco, Bajaj Auto and Hero Motors gained over four per cent.

SBI, Bharti Airtel, BPCL, Reliance and Tata Motors were the top five losers in the Nifty. SBI fell 1.55 per cent.

Automobile and metal stocks were the main gainers of the day. Similarly, the National Stock Exchange index Nifty gained 2.43 per cent. Of the 15 stocks in the Nifty Auto Index, 12 gained.

Similarly, the Nifty metal index rose by 2.51 per cent. The last few days have seen a steady rise in metal stocks. Jindal Steel was up 5.16 per cent and Hindalco was up 4.46 per cent.

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