After a slow start, Nifty and Sensex gained ground on August 12, fueled by a strong rally in metal and realty stocks. The markets overcame initial concerns from a Hindenburg Research report alleging the SEBI chief’s involvement with offshore entities linked to the Adani Group.

At 12:56 pm, the Sensex was up 219.11 points (0.27%) at 79,925.02, and the Nifty was up 55.80 points (0.23%) at 24,423.30. There were 1,706 advancing shares, 1,746 declining shares, and 107 shares that remained unchanged.

The India VIX rose over 3% to nearly 16, indicating increased market anxiety.

The broader market showed mixed performance: the midcap index fell 0.2%, while the smallcap index rose 0.6%. The broader market has surged 23% year-to-date, surpassing the Nifty’s 13% gains.

The Nifty Realty index led the gains in the afternoon, rising over 1%, with positive performances from DLF, Prestige Estates, Brigade Enterprises, and Oberoi Realty.

Furthermore, the PSU Bank index and the Energy index, affected by stocks like SBI, Canara Bank, Union Bank, and key energy stocks, dampened market sentiment.

Globally, stock markets are watching US consumer data and core CPI numbers for signs of economic strength or weakness.

The top Nifty gainers included JSW Steel, Hero MotoCorp, Infosys, Axis Bank, and Shriram Finance. While the losers were Apollo Hospitals, Adani Ports, Adani Enterprises, NTPC, and Power Grid Corp.

For Sensex, the top gainers were JSW Steel, Infosys, Axis Bank, HDFC Bank, and Tata Motors. The losers included NTPC, Power Grid, SBI, M&M, and Nestle India.

Ola Electric shares surged 20% to hit an upper circuit at Rs 109.44 today, following a similar 20% rally on its debut.

Trent shares touched a 52-week high, up nearly 2%, after reporting strong earnings for Q1 ended June 30, with a net profit of Rs 392.6 crore, a 126% increase from Rs 173.48 crore last year.

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