Sensex, Nifty updates on 22 August 2024: Indian shares advanced on Thursday, following global trends, as minutes from the US Federal Reserve’s latest policy meeting signalled a potential rate cut next month. The NSE Nifty 50 index rose by 0.17% to 24,811.5, while the S&P BSE Sensex gained 0.18% to 81,053.19. Both indices have recorded gains for six consecutive sessions, each up by about 2.8%. Positive US economic data has eased recession fears, driving market optimism. Asian and European markets also rose, with the MSCI Asia ex-Japan index up 0.3%. Domestic institutional investors have been net buyers for 14 sessions, supporting the market. High-weight financials and consumer stocks led gains, with Dabur rising 2% after announcing a new manufacturing facility in Tamil Nadu. TVS Motor surged 2.84% to a record high, and Interglobe Aviation jumped 4.26% following an upgrade from Jefferies. On the NSE, top gainers included Grasim (up 2.65%), Tata Consumer Products (up 2.42%), Bharti Airtel (up 1.60%), Apollo Hospitals (up 1.37%), and Tata Steel (up 1.37%), while the top losers were Wipro (down 1.37%), NTPC (down 1.25%), Tata Motors (down 1.22%), M&M (down 1.21%), and Dr. Reddy’s (down 1.17%).
