Rising for the fifth consecutive session, Indian stock market benchmarks- the Sensex and the Nifty 50- ended with mild gains on Wednesday, August 20. Market sentiment remained positive on the back of proposed GST reforms, India’s credit rating upgrade by S&P Global, and signs that the Russia-Ukraine war may be nearing its end. However, concerns over the approaching August 27 deadline for Trump’s secondary tariffs capped the gains.
The Sensex rose 213 points, or 0.26 per cent, to end at 81,857.84, while the Nifty 50 settled at 25,050.55, up 70 points, or 0.28 per cent. The BSE Midcap and Smallcap indices rose 0.39 per cent and 0.30 per cent, respectively.
The cumulative market capitalisation of BSE-listed firms rose to ₹456 lakh crore from ₹454 lakh crore in the previous session, lifting investors’ wealth by about ₹2 lakh crore in a single session.
(This is a developing story. Please check back for fresh updates.)
