On Tuesday, August 20, the Indian stock market experienced a notable boost, with the Sensex and Nifty 50 both closing significantly higher. The Sensex gained 378 points, or 0.47%, ending at 80,802.86. Similarly, the Nifty 50 rose by 126 points, or 0.51%, closing at 24,698.85. This upward trend was supported by positive global cues and market sentiment.

The 30-share BSE Sensex surged 1,330.96 points to 80,436.84, its best single-day gain in over two months, while the NSE Nifty climbed 397.40 points to a two-week high of 24,541.15.

All the indices ended in the positive territory, with IT surging 1.59 per cent, consumer discretionary by 1.57 per cent, realty by 1.56 per cent, auto by 1.51 per cent, teck by 1.41 per cent and capital goods by 1.37 per cent.

In a much-needed boost for the stock market, the benchmark indices ended their three-day losing streak with a strong performance, largely driven by positive global cues. Both the Nifty 50 and Sensex saw significant gains as global markets rebounded from earlier fears of a US recession, following reassurances from Federal Reserve officials. This uptick in global sentiment provided a much-needed lift to domestic equities.

The Sensex dropped 166 points to 78,593.07, and the Nifty fell 63.05 points to 23,992.55 due to late selling in banking and telecom stocks. Despite early gains from a rebound in Asian markets, weak US jobs data and upcoming RBI policy decisions contributed to the market's volatility and decline.

The sharp decline led to a staggering loss of over Rs 15 lakh crore for investors in just one day, marking a significant financial hit.