The stock market opened on a strong note on Friday, August 30, with benchmark indices SENSEX and NIFTY50 reaching new record highs. The S&P BSE SENSEX touched an all-time high of 82,637.03, while the NIFTY50 climbed to 25,257.65. Most sectors saw positive buying, with only the technology sector lagging.
On the SENSEX, 25 out of 30 stocks were trading in the green. Bajaj Finserv led the gains with a 1.5% rise, followed by Titan Company and HDFC Bank. Meanwhile, Tata Motors was the biggest loser, falling by 1%.
Sugar stocks were among the top performers after the government allowed the use of sugarcane juice and sugar syrup for ethanol production in the 2024 to 25 supply year. This policy change boosted stocks like Balrampur Chini, which gained nearly 7% to trade at ₹617.40, and Dhampur Sugar Mills, up 7% at ₹223.85.
SpiceJet shares dropped after the aviation regulator, DGCA, placed the airline under enhanced surveillance due to its ongoing financial and operational challenges. The airline also announced a temporary layoff of 150 cabin crew members for three months.
Meanwhile, Gillette India saw a nearly 1% rise in its shares after reporting a 26.4% increase in profit after tax (PAT) for the June quarter, reaching ₹115.97 crore. The company’s revenue grew by 4.17% to ₹645.33 crore during this period.
