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Market Close Highlights, Sept 24: Markets muted after record; Sensex red at 84,900, Nifty at 25,950

Stock Market LIVE Updates: Indian equity benchmark indices pared their gains from the fresh all-time highs they touched late on Tuesday to close on a mixed note.

SI Reporter New Delhi
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Stock Market Today: Indian equity benchmark indices BSE Sensex and Nifty 50 closed on a muted and mixed note, after climbing to fresh all-time highs late on Tuesday afternoon. (Photo: Shutterstock)

2 min read Last Updated : Sep 24 2024 | 3:55 PM IST

Key Events

3:54 PM

Comment: Strong inflows from FIIs to maintain market momentum

Domestic benchmarks are attempting sustain new highs, driven by the US Fed’s aggressive rate cut. Meanwhile, the Chinese central bank’s rate cut, and additional stimulus measures have positively influenced global investor sentiment, resulting in gains for domestic metal stocks.

Conversely, FMCG and banking stocks exhibited declines due to profit-booking at higher levels. In the near term, strong inflows from FIIs, driven by the US Fed’s dovish outlook and expectations of a rate cut by the RBI in October, are expected to maintain momentum.

(Comment by: Vinod Nair, Head of Research, Geojit Financial Services.)
 

3:50 PM

Stock Market LIVE Updates: Nifty must decisively break 26,000 for further gains

The Nifty traded within a narrow range today, taking a breather after a three-day rally. The short-term sentiment remains positive, with the index staying above the critical 21-day EMA, supported by a bullish crossover in the daily RSI.

However, for the rally to continue, the Nifty must decisively break above the 26,000 level. Until then, we expect range-bound movement, with the index fluctuating between 25,800 and 26,000 over the next few hours to a few days.

(View by: Rupak De, Senior Technical Analyst, LKP Securities)

3:47 PM

Stock Market LIVE Updates: SBI Life, HUL, Grasim shed 2% each on NSE

SBI Life was the top loser on NSE, falling 2.78 per cent, followed by HUL and Grasim. Meanwhile, Tata Steel, Hindalco, and Powergrid among others led the gains. 

3:44 PM

Sectoral trends:: Nifty Metals, IT, Auto lead

Among sectors, Nifty Metal was a clear winner, closing 2.97 per cent higher, followed by Nifty IT and Nifty Auto. 

3:42 PM

Stock Market LIVE Updates: Broader indices mixed

The BSE MidCap outperformed benchmarks rising 0.21 per cent, while BSE SmallCap slipped by 0.04 per cent. 

3:39 PM

Stock Market LIVE Updates: Tata Steel, Powergrid, Tech Mahindra advance

Tata Steel was the top gainer on BSE Sensex, rising by 4.35 per cent, followed by the likes of Powergrid, Tech Mahindra and HCL Tech.

3:35 PM

Stock Market LIVE Updates: Nifty ends flat at 25,940

NSE's Nifty50 closed at the flatline with a positive bias, up 0.01 per cent or 1 point at 25,940 level. In the later market hours, the benchmark crossed the 26,000 mark and created a record high at 26,011 level.  

3:33 PM

Stock Market LIVE Updates: Sensex closes marginally lower at 84,914

The benchmark BSE Sensex finished off marginally lower, down 0.02 per cent or 14 points at 84,914. During the day, Sensex created a fresh summit at 85,163 levels. 

3:15 PM

Stock Market LIVE Updates: Nifty Metals leads sectoral gains, surges 3%

Among sectors, Nifty Metal surged 2.91 per cent, followed by Nifty IT and Nifty Auto soaring 0.59 per cent and 0.39 per cent, respectively. 

3:01 PM

Stock Market LIVE Updates: Sensex hits another record high at 85,163

Stock Market LIVE Updates: Sensex hits new record high; touches 85,163 levels.

2:54 PM

Stock Market LIVE Updates: Nifty hits 26,000 mark for the first time

The benchmark index NSE's Nifty50 reached a new record level and surpassed the 26,000 mark for the first time ever. 

2:50 PM

Stock Market LIVE Updates: Sebi probes six local investment banks over handling of small IPOs

Stock Market LIVE Updates: India's securities regulator, worried about malpractice in a frothy IPO market, is investigating six domestic investment banks that have worked on offerings by small businesses, two sources with direct knowledge of the matter said. READ MORE
 

2:42 PM

Stock Market LIVE Updates: Bank bond issuance to touch Rs 1.2-1.3 trillion level in FY25, says ICRA

Stock Market LIVE Updates: Bank borrowings through bonds are expected to reach Rs 1.2-1.3 trillion in the current financial year ending March 2025 (FY25) amid tight liquidity conditions and credit growth outpacing deposit growth, according to rating agency ICRA. READ MORE

2:28 PM

Stock Market LIVE Updates: Nifty hits record high, nears 26,000-mark

Stock Market LIVE Updates: Nifty hits new record high, reaches 25,993 levels.

2:28 PM

Stock Market LIVE Updates: Sensex hits fresh record high; above 85,100

Stock Market LIVE Updates: Sensex hits fresh record high; touches 85,116.90 levels.

Topics :MARKET LIVEMARKETS TODAYstock market tradingMarkets Sensex NiftyS&P BSE SensexGift NiftyNifty50Nifty 50share marketglobal stock marketUS stockUS stock marketUS stock marketsAsia stocksAsian marketsIndian stock marketIndian stock markets

First Published: Sep 24 2024 | 7:48 AM IST