The domestic stock market opens on a muted note on Tuesday, August 27. At 09:18 AM, the BSE SENSEX, which tracks 30 major companies, was trading at 81,719.74, showing a slight increase of 22 points, or 0.03%. Similarly, the NSE NIFTY50 index was up by 21.05 points, or 0.08%, reaching 25,031.65.
The market breadth during the opening trades was in favor of the bulls. Out of 2,634 stocks being traded on the BSE, 1,696 stocks advanced, 788 declined, and 150 remained unchanged.
In terms of SENSEX movers, HCL Tech emerged as the top gainer, rising by 1.6%. Power Grid and Bajaj Finserv also showed positive momentum, gaining 0.74% and 0.75% respectively. On the other hand, JSW Steel was the biggest loser, with its shares down by nearly 1%.
Looking at the broader market, the mid-cap and small-cap segments were outperforming the benchmark indices. The BSE MidCap index gained 0.22% to trade at 48,748.53, while the BSE SmallCap index rose by 128 points, or 0.23%, to 55,923.65.
Regarding sectoral indices, IT, pharma, and power stocks showed solid gains in the early trades. The BSE IT index was up by 0.52%, trading at 42,660.34.
Among the buzzing stocks, Medi Assist Healthcare Services jumped over 8.5% to ₹609.75 after announcing that its subsidiary, Medi Assist Insurance TPA, would acquire Paramount Health Services. HCL Tech shares also gained after extending a strategic partnership with Xerox. Meanwhile, Gillette India hit a 52-week high at ₹9,131.60, and Reliance Power continued to decline, hitting the 5% lower circuit at ₹31.10.
