News

Post Market Update- IT, Financial stocks lift Indian markets

Stocks in the news-

1. L&T won Rs. 2,500-5,000 cr order for automated people mover system at Dubai’s Al Maktoum Airport.

2. Urban Company & Unicommerce expand partnership to UAE & Saudi Arabia.

3. RVNL received order worth Rs. 161 Cr from East Coast Railway.

Indian indices-

Indian stock markets closed higher on August 20, 2026, supported by broad-based buying across sectors, with IT and financial stocks leading gains as US bond yields declined. All the sectoral indices ended in the green. At close, the Sensex was up 628.04 points or 0.82% at 77,537.72, and the Nifty was up 153.55 points or 0.64% at 24,231.85.

Rupee closed at 95.71/$ Vs Wednesday’s Close Of 95.75/$.

Buzzing stocks on BSE-

1. Strides Pharma Science jumped 4.08% to Rs. 996, as USFDA closes flagship Bengaluru facility inspection.

2. Allcargo Logistics gained 3.76% to Rs. 10.49, total July volumes up 8% YoY, & up 13% MoM.

3. Brigade Enterprises surged 6.63% to Rs. 624.90, on HealthEdge lease in Thiruvananthapuram.

Global Signals-

Asian equities advanced as lower US bond yields boosted market sentiment.

European markets were trading lower. DAX down by 0.48%, CAC 40 down by 0.38%, FTSE 100 down by 0.29%.