Stock market
The Sensex closed at 81,644.39 points on Tuesday, August 19, the second trading day of the week, marking a rise of 370.64 points, or 0.46%. The Nifty, on the other hand, finished the day strongly at 24,980.65, up 103.70 points, or 0.42%.
These crashes and precipitous declines in the BSE and NSE, the two main Indian stock markets, are listed on this page.A stock market crash in India is defined by Jayadev et al. as a “fall in the NIFTY of more than 10% within a span of 20 days,” “difference of more than 10% between the high on a day and the low on the next trading day,” or “decline in the NIFTY of more than 9% within a span of 5 days.” Conversely, the Financial Times defines a crash as a double-digit percentage drop in the stock markets over five minutes.
Consumer durables and auto stocks drive the Sensex rally.
The equities that saw higher closing prices included Tata Motors, Adani Ports, Reliance, Eternal, Tech Mahindra, Kotak Bank, HUL, Bharti Airtel, Tata Steel, ITC, Ultra Tech Cement, and others. The Nifty media and consumer durables sectors saw the biggest sectoral increases.
In the global economy, mixed trading
Korea’s KOSPI dipped 0.45% to 3,162 and Japan’s Nikkei fell 0.14% to 43,652 on Asian markets.
China’s Shanghai Composite increased 0.33% to 3,740, while Hong Kong’s Hang Seng Index increased 0.068% to 25,194. America’s Dow Jones finished at 44,912 on August 18, down 0.076%. The S&P 500 closed down 0.010% at 6,449, while the Nasdaq Composite gained 0.031% to 21,630.
The mainboard portion of the stock market is seeing the opening of five initial public offerings (IPOs) this week. Through IPOs, these five businesses will raise ₹3,585 crore. Four of these IPOs have opened as of right now. These are up for bid until August 21. The four businesses intend to raise ₹3,185 crore.
DIIs purchased shares valued at about ₹4,103.81 crore on August 18.
Domestic investors (DIIs) purchased shares worth ₹4,103.81 crore on Monday, while foreign investors (FIIs) made a net buy of ₹550.85 crore. As of Thursday, foreign investors had sold shares in August for ₹18,710 crore. Additionally, foreign investors sold ₹17,741 crore worth of Indian stocks in July.
In the meantime, the initial public offering (IPO) of Mangal Electrical Industries Private Limited is scheduled to commence on August 20 and end on August 22. The problem will generate ₹400 crore for Mangal Electrical. The lot size for the company’s IPO is 26 shares, and the price range is ₹533-561. This business was founded in 2008.
