Market Highlights, Sept 25: Sensex up 256pts; Nifty holds 26,000; Media index soars 3%, VIX down 7%
Stock Market Today: Benchmark equity indices, the BSE Sensex and NSE Nifty50, climbed to fresh highs before ending at new closing highs on Wednesday
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Stock Market Highlights, Wednesday, September 25, 2024: Benchmark indices BSE Sensex, and NSE Nifty50 reversed early losses and scaled new highs before ending Wednesday’s trading session at record-high closing levels.
The Sensex added as much as 255.83 points or 0.30 per cent to settle at 85,169.87. The index scaled a record high of 85,247.42 during intraday trade.
The Sensex added as much as 255.83 points or 0.30 per cent to settle at 85,169.87. The index scaled a record high of 85,247.42 during intraday trade.
Mirroring the Sensex, Nifty50 touched an all-time high of 26,032.80 before ending Wednesday’s session with a gain of 63.75 points or 0.25 per cent at 26,004.15.
30 out of 50 constituent stocks on Nifty50 ended higher with gains led by Power Grid Corporation, Axis Bank, NTPC, Bajaj Finserv, and Grasim Industries, of up to 4.04 per cent. Conversely, LTIMindtree, Tech Mahindra, Tata Consumer Products, Tata Motors, and Titan Company were among the 20 stocks that ended in the red with losses of up to 3.69 percent.
Broader indices ended lower with Nifty Midcap 100 and Nifty Smallcap 100 indices ending down by 0.63 percent and 0.42 percent, respectively.
The fear index, India VIX, ended 7.37 per cent lower at 12.41.
20 out of 30 constituent stocks of the BSE Sensex ended in the green, with Power Grid Corporation, Axis Bank, NTPC, Bajaj Finserv, and Bajaj Finance leading gains of up to 3.9 percent. Meanwhile, Tech Mahindra, Tata Motors, Titan, Kotak Mahindra Bank, and State Bank of India were among the 10 stocks that ended in the red with losses of up to 2.21 per cent.
20 out of 30 constituent stocks of the BSE Sensex ended in the green, with Power Grid Corporation, Axis Bank, NTPC, Bajaj Finserv, and Bajaj Finance leading gains of up to 3.9 percent. Meanwhile, Tech Mahindra, Tata Motors, Titan, Kotak Mahindra Bank, and State Bank of India were among the 10 stocks that ended in the red with losses of up to 2.21 per cent.
Media stocks outperformed the other sectoral indices as the Nifty Media Index ended higher by 2.94 per cent. Bank Nifty, Financial Services, Metal, Pharma, Private Bank, and Realty indices ended higher, while PSU Bank, IT, FMCG, and Auto indices settled in the red on Wednesday.
3:56 PM
Tech View: Resistance for Nifty on the higher end, is seen at 26,200-26,250
The Nifty made another lifetime high as bulls seemed in no mood to back down, despite a weak start. The sentiment is likely to remain positive as long as it remains above 25,900, where aggressive put writing was visible. Technically, the Nifty has sustained above its very short-term moving average.
Furthermore, no reversal is visible in the momentum indicator. Therefore, we might witness a range-bound to positive move in the near term. Resistance on the higher end, is seen at 26200-26250.
(View By: Rupak De, Senior Technical Analyst, LKP Securities)
Furthermore, no reversal is visible in the momentum indicator. Therefore, we might witness a range-bound to positive move in the near term. Resistance on the higher end, is seen at 26200-26250.
(View By: Rupak De, Senior Technical Analyst, LKP Securities)
3:52 PM
Stock Market Highlights LIVE: Power and banking stocks lift market to record highs
After a range-bound trade, the benchmark indices inched higher towards close, led by power and banking stocks, while mid- and small-cap indices experienced corrections driven by valuation concerns.
The domestic market may face short-term challenges owing to a decline in FIIs inflow and shift of funds to other emerging markets due to their cheap valuation. Meanwhile, gold, as a safe-haven asset, gained further appeal amid escalating tensions in the Middle East and the prospect of lower interest rates.
(View by: Vinod Nair, Head of Research, Geojit Financial Services.)
The domestic market may face short-term challenges owing to a decline in FIIs inflow and shift of funds to other emerging markets due to their cheap valuation. Meanwhile, gold, as a safe-haven asset, gained further appeal amid escalating tensions in the Middle East and the prospect of lower interest rates.
(View by: Vinod Nair, Head of Research, Geojit Financial Services.)
3:49 PM
Stock Market Highlights LIVE: LTIMindtree, Tech Mahindra, Tata Consumer fall up to 4% on NSE
On the NSE, LTIMindtree closed 3.69 per cent lower, followed by Tech Mahindra and Tata Consumer falling 2.27 per cent and 1.87 per cent, respectively.
3:45 PM
Stock Market Highlights LIVE: Nifty Media, Realty, Metal lead in sectors
In sectors, Nifty Media outran others, surging 2.94 per cent and was followed by Nifty Realty, Nifty Metal and Financial Services.
3:42 PM
Stock Market Highlights LIVE: Broader markets end in red
The broader indices underperformed benchmarks on Wednesday, with BSE MidCap falling 0.53 per cent, while BSE SmallCap slipped 0.35 per cent.
3:39 PM
Stock Market Highlights LIVE: Heatmap check
Powergrid topped the BSE Sensex, closing 3.97 per cent higher, and was followed by Axis Bank and NTPC rising over 2 per cent each.
3:36 PM
Closing Bell: Nifty ends above 26,000 mark first time ever
The top 50 bluechip stocks index Nifty50 ended over 26,000 mark for the first time ever, soaring 0.25 per cent or around 64 points at 26,004 level.
3:33 PM
Closing Bell: Sensex ends at fresh closing high of 85,169, up over 250 pts
The benchmark BSE Sensex surged around 256 pts to close at 85,169 level.
3:24 PM
Stock Market LIVE Updates: Nifty Realty, Media, Pvt Bank lead gains
Among sectors, Nifty Media and Realty were the top gainers rising by 2.84 per cent and 0.77 per cent respectively.
3:16 PM
Stock Market LIVE Updates: Nifty makes new record level at 26,028
The top 50 bluechip stocks index Nifty50, too, reached at new high today, scaling 80-odd points to 26,028 level.
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First Published: Sep 25 2024 | 7:41 AM IST