Top gainers, losers today: Maruti Suzuki, Adani Enterprises, Tata Steel, Adani Ports; check full list
Nifty settled lower on the last day of August on Thursday, tracking weak global cues, while investors awaited India's gross domestic product (GDP) data for the April-June quarter of current fiscal (2023-2024) which is expected later today. India's GDP likely moved up to 7.7 per cent in the first quarter, recording the fastest annual pace in a year, supported by robust government capital expenditure and a strong services sector. However, some economists and rating agencies expect India's Q1 GDP print to beat the 8 per cent forecast of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC).
Domestic markets witnessed selling today on weaker global cues. In Asia, the Nikkei 225 in Tokyo rose by 0.9 per cent while the Hang Seng in Hong Kong declined 0.6 per cent and the Kospi in Seoul fell 0.2 per cent. The Shanghai Composite Index in China declined 0.6 per cent after Chinese economic growth fell to 0.8 per cent in April-June this year.
Sensex ended with a loss of 256 points, or 0.39 per cent, at 64,831.41 while the Nifty ended the day at 19,253.80, down 94 points, or 0.48 per cent. The domestically focused small-caps and mid-caps continued to outperform the blue-chips, driven by strong retail inflows. The BSE Midcap index closed 0.02 per cent lower at 31,200.60 after hitting its fresh record high of 31,352.15 during the session.
The Smallcap index ended with a gain of 0.79 per cent at 37,143.67 after hitting its record high of 37,197.2 during the session. The Nifty has lost 2.53 per cent in August after gaining 14.16 per cent from March to July, while the Sensex dropped 2.55 per cent in August after rising 12.83 per cent in the previous five months. Financials, the heaviest weighted among the 13 major sectors,
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