SENSEX, NIFTY little changed at open; Medi Assist jumps over 8%; HCL Tech up 1%

As expected, domestic stocks opened on a muted note on Tuesday, August 27. At 09:18 AM, the 30-share index of the BSE, SENSEX, was trading at 81,719.74 levels, up 22 points, or 0.03%.

The broader NIFTY50 index of the NSE was ruling at 25,031.65, up 21.05 points, or 0.08%.

The market breadth in the opening deals was in favour of the bulls. Last seen, out of 2,634 stocks traded on the BSE, 1,696 advanced, 788 scrips declined, and 150 remained unchanged.

SENSEX MOVERS

On the flip side, JSW Steel (down nearly 1%) was the top loser.

BROADER MARKET

The mid- and small-cap segments were outperforming the benchmark indices. The BSE MidCap index was trading at 48,748.53, up 0.22%, and the BSE SmallCap index was trading 128 points, or 0.23%, higher at 55,923.65 points.

SECTORAL INDICES

IT, pharma, and power stocks were trading with decent gains in the opening deals. The BSE IT index was quoting at 42,660.34, up 0.52%.

BUZZING STOCKS

Medi Assist Healthcare Services was trading over 8.5% higher at ₹609.75 after the company announced that Medi Assist Insurance TPA, a wholly-owned subsidiary of Medi Assist Healthcare Services (“Medi Assist”), has signed definitive documents to acquire 100% of Paramount Health Services.

HCL Tech shares were trading with gains as the IT services company, announced on Monday, August 26, an extension of its strategic AI-driven Engineering Services and Digital Process Operations (DPO) partnership with Xerox.

Gillette India shares hit a 52-week high of ₹9,131.60 apiece on the BSE.

On the contrary, Reliance Power continued its slide and was locked in a 5% lower circuit at ₹31.10 on the BSE.