AI summary
Nifty 50 rose 84.8 points (+0.35%) to 24,175.65 and Sensex gained 330.92 points (+0.43%) to 77,264.51, bouncing back after Thursday's monthly expiry volatility.
IT stocks led gains with a +3.51% sector rally, driven by TCS (+4.16%), TECHM (+3.53%), and INFY (+2.99%), while banking and financial stocks like ICICIBANK (-1.4%) and SHRIRAMFIN (-1.28%) saw profit-taking.
Domestic institutional investors (DIIs) bought ₹4,977 crore worth of shares, offsetting FII selling of ₹298 crore, signaling domestic appetite for equities.
Rupee firmed slightly to ₹95.37 per USD, and gold rose ₹1,513 to ₹164,057 per 10g as positive global cues supported risk sentiment.
Nifty 50
24,176
+0.35%
More details
Open24,123
High24,188
Low24,077
Prev close24,091
52W high26,373
52W low22,183
Sensex
77,265
+0.43%
Bank Nifty
57,496
-0.02%
Sensex
77,265
+0.43%
Bank Nifty
57,496
-0.02%
😊
Mood
Optimistic
74/100 health
BearBull
FII / DII
FII net-Rs 5,040 Cr
DII net+Rs 5,184 Cr
Net flow+Rs 144 Cr
Market stats
Advances20
Declines19
VolumeRs 16,425 Cr
VIX10.68 — Low -- calm
7-session trend
4 green in last 7
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20
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21
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24
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25
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26
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27
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Now
A health score of 74 reflects cautious optimism: solid gains in IT and broad market recovery from expiry jitters offset by FII outflows and selective weakness in banking/financials, suggesting a market still finding its footing.
Gainers
TCS+4.16%
TECHM+3.53%
INFY+2.99%
Losers
ICICIBANK-1.4%
SHRIRAMFIN-1.28%
ITC-1.12%
Show top 10 each
HCLTECH+2.66%
WIPRO+2.58%
BAJAJ-AUTO+1.62%
HDFCBANK+1.31%
HINDALCO+1.31%
TMPV+1.08%
GRASIM+0.98%
ULTRACEMCO-1.09%
ASIANPAINT-0.85%
SBILIFE-0.68%
EICHERMOT-0.51%
MARUTI-0.48%
BAJAJFINSV-0.45%
INDIGO-0.44%
Sectors
IT
+3.51%
Pharma
+0.53%
Banking
-0.02%
Commodities & currency
Gold /10g MCX
Rs 164,057+0.93%
Silver /kg MCX
Rs 250,885+2.48%
USD/INR
95.37-0.06%
Today's events
Nifty 50 and Sensex open in the green, recovering from Thursday's monthly expiry volatility; IT stocks lead with 3.51% sector gain.
09:15 IST • Market Recovery
Domestic institutional investors net buy ₹4,977 crore despite FII outflows of ₹298 crore, signaling domestic confidence.
Intraday • FII/DII Flow
Gold rallies ₹1,513 to ₹164,057/10g and rupee firms to ₹95.37/USD on positive global sentiment.
Morning Session • Commodities & Forex
Up next
Weekly Market Consolidation & Sector Rotation Watch
— Next Trading Day
Investors will monitor whether the IT rally sustains or rotates into other sectors; RBI policy commentary and global geopolitical developments remain key drivers for sentiment.
Yieldora insight
IT Rally & Profit-Taking: Time to Lock in Gains or Build Your Core?
Today's sharp IT outperformance (+3.51%) after months of consolidation is a classic signal for investors to assess their portfolio balance. If you've ridden the tech rally, a lumpsum rebalancing into diversified instruments—or a disciplined SIP to smooth out sector concentration—can protect gains while staying invested for long-term wealth. With volatility still elevated post-expiry, this is a good moment to review your risk allocation.
14%
Avg 12m return after similar dips
61%
Times market recovered within 6 months
8.3%
Below 52-week high right now
Based on Nifty 50 data 2010-2024. Past returns don't guarantee future results. Not investment advice.
Read the full 2-minute analysis
Why stocks moved, sector news, top headlines
Expand
Why stocks moved
Top Gainers
TCS (+4.16%)
IT sector rallied strongly today (+3.51%), with TCS leading the charge as the largest IT cap stock benefiting from positive global technology sentiment and relative valuation strength.
- Biggest gainer among top IT stocks, riding sector-wide momentum on global tech recovery cues
- Likely benefiting from foreign investor rotation into quality blue-chips after expiry volatility
TECHM (+3.53%)
Tech Mahindra followed the IT sector rally with a 3.53% gain, reflecting broad-based strength in India's software and IT services space.
- Part of the +3.51% IT sector outperformance driven by positive global cues
- Domestic institutional buying appetite supporting mid-tier IT names after recent consolidation
INFY (+2.99%)
Infosys gained 2.99% as the IT sector recovered, supported by consistent domestic demand and global recovery narrative.
- Contributing to the IT sector's +3.51% rally alongside peers TCS and TECHM
- Benefiting from post-expiry stabilization and DII inflows of ₹4,977 crore
Top Losers
ICICIBANK (-1.4%)
ICICI Bank fell 1.4% as selective profit-taking hit banking stocks despite the broader market recovery, likely due to valuation concerns after recent strength.
- Banking sector remained flat (-0.02%) while IT rallied, triggering rotation-driven selling
- FII outflows of ₹298 crore may have weighed on financial stocks perceived as expensive
SHRIRAMFIN (-1.28%)
Shriram Finance declined 1.28% in line with broader NBFC and financial sector weakness, as investors rotated away from rate-sensitive financials toward IT.
- Financial sector underperformance amid IT sector outperformance created valuation rotation pressure
- NBFC sector facing headwinds from lingering rate cycle concerns despite RBI policy support
ITC (-1.12%)
ITC fell 1.12% as discretionary and consumption-linked stocks faced profit-taking after the broader market's post-expiry recovery momentum.
- Part of the broader non-IT, non-pharma sector underperformance as investors favored technology
- Consumption stocks facing headwinds from inflation concerns and modest domestic growth outlook
Sector news
Gaining Sectors
IT (+3.51%)
IT sector surged 3.51% as global technology sentiment improved and domestic investors rotated into high-growth, export-oriented technology stocks following Thursday's expiry-driven volatility.
- All five IT gainers (TCS, TECHM, INFY, HCLTECH, WIPRO) posted gains between 2.58%–4.16%, showing sector-wide strength
- Positive global cues and softer commodity prices reduced hedge buying, favoring quality tech names
Pharma (+0.53%)
Pharma posted a modest +0.53% gain, reflecting steady defensive demand and relative stability as investors balanced portfolio risk.
- Pharma's lower volatility and consistent cash flows attracted some defensive positioning
- Gain reflects typical safe-haven bias when broader market momentum is mixed
Declining Sectors
Banking (-0.02%)
Banking sector remained essentially flat at -0.02%, as profit-taking in large-cap banks like ICICI Bank and SHRIRAMFIN offset any gains from the broader recovery.
- ICICIBANK and SHRIRAMFIN losses wiped out gains from other banking names, signaling profit-booking after recent strength
- Rate-sensitive financials facing headwinds as investors rotated capital to higher-growth IT sector
Top headlines
Sensex rises 240 points a day after CAS monthly expiry shock; Nifty nears 24,150 Read article
Indian equity markets recovered smartly on Friday following Thursday's volatile monthly expiry session, with Sensex gaining 240+ points and Nifty recovering above 24,140.
- Recovery driven by positive global cues and domestic institutional buying of ₹4,977 crore, offsetting FII selling
- IT sector led gains with +3.51% performance; banking and financials saw selective profit-taking
India's benchmark stock indices opened marginally higher on Friday, August 28 Read article
Nifty 50 and Sensex opened in positive territory, supported by global cues and geopolitical developments, with the rupee also firming against the dollar.
- Nifty opened at 24,122.60 and rose to ~24,142; Sensex gained ~240 points to ~77,173 by mid-morning
- Rupee firmed to ₹95.51 per USD; investors tracking geopolitical risks and oil price movements
Stock Market Today Live, Aug 28: Sensex, Nifty edge higher; IT stocks lead gains Read article
Live market updates show Sensex and Nifty extending gains through the session, with IT stocks delivering broad-based outperformance amid positive sentiment.
- Gift Nifty at 24,260 signaled a higher opening; TCS, TECHM, and INFY among top gainers in IT rally
- Broader markets also gaining as domestic institutional flows support equity appetite after expiry volatility
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Data for informational purposes only. Not investment advice. Sources: NSE, BSE, AMFI, MCX. Yieldora.in