On Tuesday, August 21, 2024, the Indian stock markets experienced notable gains in early trading hours. The BSE Sensex climbed by 338.21 points to 80,762.89, while the NSE Nifty increased by 87.65 points to 24,660.30. This upward movement in the indices was largely influenced by positive global market trends and sustained retail investor interest.

Among the Sensex companies, several key stocks showed significant gains. Tata Consultancy Services (TCS), IndusInd Bank, NTPC, Axis Bank, UltraTech Cement, Power Grid, Infosys, and Bajaj Finserv were notable gainers. These stocks led the charge in the market's upward momentum. Conversely, Bharti Airtel, Tata Steel, JSW Steel, and Tata Motors experienced declines, which partially offset the overall market gains.

In the broader context, Asian markets displayed mixed results. While Seoul and Tokyo recorded positive performances, Shanghai and Hong Kong saw declines. On the other side of the globe, the US markets closed positively on Monday, further supporting global market sentiment.

Despite a significant outflow of equity investments by foreign institutional investors (FIIs), who sold equities worth Rs 2,667.46 crore, domestic institutional investors (DIIs) counterbalanced this with purchases worth Rs 1,802.92 crore. This interplay of foreign and domestic investments continues to influence market dynamics.

Market participants are closely monitoring various global economic factors, including the upcoming release of the July Federal Open Market Committee (FOMC) meeting minutes. This release is expected to provide insights into future monetary policy decisions, potentially impacting market trends.

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