Nifty ends near 20,000-mark; Sensex zooms 528 pts amid broad rally

Closing Bell on September 11, 2023: Among sectors, the Nifty PSU Bank index surged 3 per cent, followed by the Nifty Metal and Auto indices (up 1.7 per cent each)

4:05 PM

Comment :: 'Performance of bank stocks would play crucial role in making sustained up move'

We may see some consolidation around the current levels after reclaiming the record high but the tone is likely to remain positive. While all the sectors are contributing to the move, we feel the performance of banking would play a crucial role in making a sustained up move from hereon. At the same time, participants should maintain caution in stock selection, especially in the midcap and smallcap space.

Views by: Ajit Mishra, SVP - Technical Research, Religare Broking 

4:03 PM

Comment :: 'Markets are collectively seeing golden decade ahead for India'

20,000 on the Nifty may just be a number but its history, nevertheless. While we may keep talking about valuations and liquidity, the fact is that a lot is changing in India and maybe the markets are collectively seeing this golden decade ahead very differently from the cynics.

Views by: Sandip Raichura - CEO of Retail Broking and Distribution & Director, Prabhudas Lilladher

3:59 PM

Comment :: What drove the markets to all-time highs?

>> The domestic markets began the day on a positive note, bolstered by the historic consensus achieved at the G20 summit, which instilled confidence among investors.

>> Higher-than-expected loan growth data and strong profitability along with lower NPA in PSU banks attracted investor interest.

>> Additionally, expectations of easing inflation, driven by a decline in vegetable prices, fueled optimistic sentiment, leading to a market rally. The return of China from deflation, growth in new bank loans, and reduced concerns about US rate hikes have paved the way for the domestic markets to reach new all-time highs.

Views by: Vinod Nair, Head of Research at Geojit Financial Services

3:56 PM

Comment :: 'Nifty can touch 20,500 if it holds this levels'

Bulls continued to lead the way as the benchmark index surged to a historic high, breaching the 20,000 mark for the very first time. This impressive rally followed a breakout from a descending channel that occurred last week. Looking ahead, market sentiment is expected to remain upbeat as long as the Nifty stays above the 19,900 level. On the upside, we can identify an immediate resistance zone between 20,100 and 20,200. If there is a convincing breakthrough above 20,200, it could pave the way for the Nifty to advance towards the 20,500 mark.

Views by: Nifty from Rupak De, Senior Technical analyst at LKP Securities

 

3:54 PM

ALERT :: India will explore London Stock Exchange for listing of companies

3:52 PM

Currency Alert :: Rupee ends weaker at 83.03/$ against Friday’s close of 82.95/$

3:50 PM

MARKET CHECK :: Top losers on the BSE today

3:50 PM

MARKET CHECK :: Top gainers on the BSE today

3:47 PM

Buzzing stock :: SJVN hits 20% upper circuit amid heavy volumes

3:45 PM

Buzzing stock :: Rishabh Instruments ends flat vs issue price

3:43 PM

Buzzing stock :: Ratnaveer Precision ends 37% higher against issue price

3:42 PM

SmallCap index tops 38,600 intraday, ends 0.7% higher

3:41 PM

MidCap index hits record high of 33,000 intraday, ends 1% up

3:39 PM

Sectoral trends :: PSBs lead the broad-based rally

3:38 PM

Sensex Heatmap :: 28 of 30 index stocks settle higher; Axis Bank hits Rs 1,000-mark

3:36 PM

CLOSING BELL :: Sensex soars over 500 pts

3:35 PM

CLOSING BELL :: Nifty ends near 20,000 for the first time

3:24 PM

Sensex Contributors :: RIL, Pvt banks drive the 550-pts rally

3:17 PM

NIFTY HITS 20,000 FOR THE FIRST TIME

3:01 PM

ITI hits 20% upper limit on developing own-branded Laptop & Micro PC 'SMAASH'

Till 02:04 PM; a combined 19.34 million equity shares representing 2 per cent of total equity of the company changed hands on the NSE and BSE. READ MORE

2:49 PM

ALERT:: HFCL bags work orders worth Rs 82.60 cr; stock up 2%

HFCL has bagged a purchase orders aggregating to Rs 82.60 crore for supply of Optical Fiber Cables to domestic telecom service provider, the company said in an exchange filing.

 

2:41 PM

ALERT:: DJ Mediaprint & Logistics wins new order; stock soars 5%

DJ Mediaprint & Logistics informed BSE that it secured an order worth Rs 2.30 crore from Bombay Mercantile Co-operative Bank mited in Security Printing for printing of Bank's Cheque books & Pay Orders.

2:27 PM

Titan in talks to debut rupee bond worth Rs 3,000 cr

Tata Group's unit Titan is in early talks with banks as it mulls selling its first ever local-currency bond for Rs 3,000 crore ($362 million), according to people familiar with the matter. READ MORE

2:13 PM

Real estate most preferred investment choice, gold least favoured: survey

52% millennials & 35% Gen-X respondents will use their investment gains from other asset classes for buying homes in the future. READ MORE

2:01 PM

ALERT:: SC directs SpiceJet to pay $500,000 by Sept 15 to Credit Suisse

The Supreme Court (SC) has directed SpiceJet to pay $500,000 to Credit Suisse by September 15. SC to hear the case next on September 22, reports CNBC-TV18.

1:46 PM

Adani Group shares rally up to 10%; Adani Power zooms 200% from 52-week low

Adani Ports, NDTV, Adani Enterprises, Adani Energy Solutions, Adani Total Gas, Adani Wilmar, Ambuja Cements and ACC were up in the range of 2 per cent to 10 per cent on the BSE. READ MORE
 

1:31 PM

US DFC to invest $435 million in Tata Power's green energy subsidiary

The US International Development Finance Corporation (DFC) Board of Directors have approved $425 million to finance TP Solar Limited, a subsidiary of Tata Power Renewable Limited (TPREL), Tata Power said in a press release. The approval is for an upcoming 4.3 GW solar cell greenfield project and module manufacturing plant at Tirunelveli district in Tamil Nadu, India. READ MORE

1:14 PM

Asian Market Update:: Mixed trend; Shanghai gains 0.8%, Hang Seng slips 0.9%

Source: Yahoo Finance

12:57 PM

Zomato stock rally may show signs of exhaustion from here on: Analysts

India's first-ever listed new-age company, Zomato, has seen a meteoric rise in its stock price in calendar year 2023 (CY23), rising 68 per cent during this period as compared to 9.5 per cent rise in the S&P SBE Sensex.

 

From being the second worst hit new-age stock in CY22, crashing 57 per cent on the National Stock Exchange (NSE), the stock hit the Rs 100-mark for the first time since January 2022 in late August. READ

12:44 PM

NIFTY50 index enters value-creation zone after a decade: ICICI Securities

Return on Equity ( RoE) of the Nifty50 index is rising above the 15% mark after a decade and brokerage ICICI Securities expects it to expand to 17 per cent by the fiscal year 2025, thereby clearly entering the value-creation zone, driven by an improving demand environment for capital-intensive and cyclical stocks such as auto, capital goods & infrastructure, utilities, telecom, commodities and financials. READ