?? Market Recap - August 14th, 2024: A Volatile Day with Marginal Gains

Indian benchmark indices navigated a volatile session on August 14, ending the day with marginal gains. Here's a quick snapshot of the day's market action:

?? Indices Performance:

• Nifty 50 closed at 24,143, inching up slightly.
• Sensex settled at 79,105 levels, also marginally higher.
• India VIX cooled down by 4.5% to 15.44, reflecting lower volatility.
• Put-Call Ratio (PCR) was at 0.64.

?? Mid & Small Cap Check:

• Mid Cap Index: Dipped by 0.60%, closing at 20,917.
• Small Cap Index: Fell by 0.57%, ending near 17,080 levels.

?? Sectoral Highlights:

• Top Performer: Nifty IT surged 1.58% to 39,731, leading the pack.
• Nifty Consumer Durables followed with a modest gain of 0.11%, closing at 39,172.
• Worst Performer: Nifty Metal tumbled by 1.26%, closing at 8,844.

?? Top Gainers:

• EPL soared over 11%, reaching a 52-week high of ?252.
• Chennai Petroleum Corporation jumped more than 7%, ending the day at ?965.

?? Top Losers:

• Piramal Enterprises took a hit, dropping over 10%.

?? Key News Updates:

• ?? Trade Deficit Widens: India’s trade deficit expanded to $23.5 billion in July, up from $20.98 billion in June.
• ??? L&T to acquire an additional 15% stake in L&T Oman.
• ?? Sun Pharma to invest up to $15 million in Pharmazz Inc., acquiring a stake of over 5%.
• ?? SJVN receives board approval to securitize future revenue from the Nathpa Jhakri Hydro Power Station and to dilute its stake in SJVN Green Energy.
• ?? NBCC's subsidiary secures an order worth ?528.21 crore.
• ?? Gensol Engineering and Matrix Gas consortium wins 300 MW capacity, including 63 MW from the SECI tender, with a cumulative incentive of ?450 crore under the PLI scheme.

This mixed bag of results and news sets the stage for an interesting market trajectory ahead! Stay tuned for more updates! ????