4 Reasons Why Sensex Rallied 1,564 Points Today

Tue, 30 Aug Closing

   Previous Close   

   Pre-Open   

   10:30 am   

   01:30 pm   

   Closing   

After opening on a strong note, Indian share markets extended gains as the session progressed to register this year's third highest daily close.

Benchmark indices bounced back in style and registered more than 2.5% gains.

The rally was led by the falling crude oil prices and appreciating rupee. Most of the sector surged more than 2% today.

At the closing bell, the BSE Sensex stood higher by 1,564 points (up 2.7%).

Meanwhile, the NSE Nifty closed higher by 446 points (up 2.6%).

Bajaj Finance, Bajaj Finserv, and IndusInd were among the top gainers today.

There were no losers today as all stocks from benchmark indices ended in green.

The SGX Nifty was trading at 17,813 up by 432 points, at the time of writing.

Broader markets ended on a positive note. The BSE MidCap climbed 1.9% and the BSE SmallCap index ended higher by 1.4%.

Barring telecom sector, all sectoral indices ended on a firm note today with stocks in the realty sector, IT sector, power sector, and finance sector witnessing most of the buying.

Shares of Page Industries, SFK India, and Bajaj Auto hit their 52-week highs today.

Ruchira Papers also announces bonus issue in 1:10 ratio with 10 October as the record date.

Since you're interested in high flying stocks, check out our guide on how to pick the best multibagger stocks in 2022.

Reliance, and Bajaj Finance were amongst the most active shares on the BSE today.

If you're interested in knowing which shares to trade, read our guide on the best intraday stocks for today.

Asian stock markets ended on a mixed note. The Nikkei ended the day higher by 1.1%, while the Hang Seng inched lower by 0.4%. The Shanghai Composite ended 0.4% lower.

The rupee is trading at 79.5 against the US$.

As the rupee depreciates, check out these five companies which stand to gain big from a weakening rupee.

Gold prices for the latest contract on MCX are trading down by 1.1% at Rs 50,894 per 10 grams.

Meanwhile, silver prices for the latest contract on MCX are trading lower by 0.7% at Rs 54,830 per 1 kg.

Here are four reasons why Indian share markets rallied today.

#1 FII Inflows

This month, FIIs have poured in about US$ 6 bn into Indian equities. This is the biggest inflow since December 2020.

With this short recovery, investors' nerves have calmed. But it remains to be seen when the stock markets will fully recover.

#2 Crude Oil Prices Fall

Oil prices dipped 0.7% today to US$104.2 a barrel after climbing 4.1% yesterday. The decline was because of the fear of inflation that will dent the demand of fuel.

#3 Strong Sectoral Gains

All the sectoral indices ended in green today with auto, realty and banking sectors leading the rally. It was a terrific Tuesday for majority of sectors.

#4 Rupee Factor

The rupee has been falling for quite some time now. But today, it appreciated. The rupee appreciated by 7 paise to 79.84 against the dollar, tracking the positive trend in equity markets.

Rupee's appreciation often attracts FIIs as it adds to the return for foreign investors.

Speaking of stock markets, Richa Agrawal talks about 2 promising smallcap stocks from semiconductor space and how they could benefit the early investors.

In news from the FMCG sector, Hindustan Unilever was among the top buzzing stocks today.

Share price of HUL surged more than 3% today after the company launched transform plastics challenge.

FMCG major Hindustan Unilever (HUL) has launched a programme called Transform Plastics Challenge to back Indian tech startups working in the space of plastic waste management.

Under the programme, HUL will invest Rs 16 m each to five homegrown tech startups that are developing solutions for plastic waste, plastic reuse and compostable packaging. The said investment will be made in the form of grant and equity investments.

As a part of the programme, the selected startups will also receive mentorship and additional support to grow their businesses.

The company is committed to collecting and processing plastic and further, aims to use 100% recyclable plastic for packaging by 2025.

Speaking of HUL, here's an interesting data on the stock, between 2002 to 2010, HUL's stock price went nowhere...have a look at the chart below:

A Journey of No Returns in a So Called Safe Stock

The stock was basically in an 8-year coma. The returns could barely even make up for the inflation.

However, over the 2010 to 2020 period, HUL delivered a whopping return of 30% CAGR!

Moving on to news from the power sector, TD Power surged more than 6% today.

Board of TD Power today approved a stock split in the ratio of 1:5.

The sub-division of one equity share with a face value of Rs 10 will be split into five equity shares of a face value of Rs 2.

The company is one of the leading manufacturers of AC Generators with output capacity in the range of 1 MW to 52 MW for prime movers such as steam turbines gas turbines hydro turbines wind turbines diesel and gas engines.

Since bonus and splits interest you, check out the companies announcing bonus shares and stock splits in September 2022.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers