Market Highlights, Sept 17: Sensex up 90pts, Nifty holds 25,400; BHFL hits upper band for 2nd day
Stock Market Highlights: As many as 29 constituent stocks on the Nifty50 ended in the red, dragged by Tata Motors, Eicher Motors, Tata Steel, Coal India, and JSW Steel
Stock Market Highlights, Tuesday, September 17, 2024: Benchmark equity indices, the BSE Sensex and Nifty50, ended with gains on Tuesday. The 30-share Sensex advanced 90.88 points or 0.11 per cent to 83,079.66, while the NSE Nifty50 added 34.80 points or 0.14 per cent to settle at 25,418.55.
As many as 29 constituent stocks on the Nifty50 ended in the red, dragged by Tata Motors, Eicher Motors, Tata Steel, Coal India, and JSW Steel, with a fall of up to 1.36 per cent. Conversely, Hero MotoCorp, Bajaj Auto, Bharti Airtel, NTPC, and Mahindra were among the 21 Nifty50 stocks that ended higher, with gains of up to 3.25 per cent on Tuesday.
From the BSE space, 15 constituent stocks on the Sensex ended lower, dragged by Tata Motors, JSW Steel, Tata Steel, Adani Ports, ITC, and Power Grid Corporation of India, down up to 1.29 per cent. Meanwhile, Bharti Airtel, NTPC, Mahindra & Mahindra, Larsen & Toubro, and Titan Company ended in the green with gains of up to 1.61 per cent.
Shares of Bajaj Housing Finance continued their northward march for the second consecutive day on the bourses, hitting the 10 per cent upper circuit of Rs 181.50 on Tuesday.
Among the broader indices, the Nifty Smallcap 100 index snapped its 3-day winning streak to settle at 19,465.55, down 0.40 per cent on Tuesday. The Nifty Midcap 100 index settled down 0.19 per cent at 60,180.75 on Tuesday.
The Nifty Realty index was the top sectoral gainer, with gains led by Prestige and Sobha, while the Nifty PSU Bank index was the top laggard, dragged by PNB and IOB.
Meanwhile, Nifty IT, FMCG, Finanncial Serives, Private Bank, Auto, and OMCs indices manged to settle higher on Tuesday.
Meanwhile, Nifty IT, FMCG, Finanncial Serives, Private Bank, Auto, and OMCs indices manged to settle higher on Tuesday.
3:58 PM
Stock Market Comment: 'Nifty continues to consolidate near its all-time high'
Nifty continues to consolidate near its all-time high, where a trendline resistance is observed. A breakout from the recent range-bound pattern could provide a clear direction for the Nifty. Immediate support is at 25,350, and a fall below this level might lead to the unwinding of put option writing positions, potentially triggering a correction toward 25,000. On the upside, resistance is seen at 25,500, and a strong upward move may be expected if Nifty breaks above this level.
Views by: Rupak De, Senior Technical Analyst, LKP Securities.
Views by: Rupak De, Senior Technical Analyst, LKP Securities.
3:53 PM
Stock Market Comment: 'Indian markets consolidate ahead of US Fed'
The Indian market exhibited a subtle positive momentum, driven by the anticipation of a rate cut cycle by the US FED. Although a 25-bps cut is largely factored in, the market remains attuned to the FED's comments on the health of the economy and the future trajectory of rate cuts. Further, robust institutional flows continued to bolster the domestic market. While the overall trend remained positive, there was notable buying interest in large-cap stocks, particularly in sectors such as IT, FMCG, and private banks.
Views by: Vinod Nair, Head of Research, Geojit Financial Services
Views by: Vinod Nair, Head of Research, Geojit Financial Services
3:49 PM
Stock Market Closing Bell LIVE Updates: Bajaj Housing Finance hits upper band for 2nd day
>> Bajaj Housing Finance share price rises for 2nd day
>> Bajaj Housing Finance shares surge 9.9%, hitting Rs 181.5-mark on the BSE
>> Bajaj Housing Finance shares surge 9.9%, hitting Rs 181.5-mark on the BSE
3:45 PM
Stock Market Closing Bell LIVE Updates: Mid, SmallCap indices end in the red on Tuesday
>> BSE MidCap index slips 0.08%, BSE SmallCap index down 0.13%
3:42 PM
Stock Market Closing Bell LIVE Updates: Media, PSU Bank indices end weak
>> Media index fell over 1% today, followed by the Nifty PSU Bank index (down 0.6%)
>> The Nifty Realty index, on the other hand, gained 0.6%
>> The Nifty Realty index, on the other hand, gained 0.6%
3:39 PM
Stock Market Closing Bell LIVE Updates: Gainers, Losers tie on Sensex
>> Bharti Airtel, M&M, NTPC, Titan, L&T, and Kotak Bank close as top gainers on the Sensex today
>> Tata Motors, Adani Ports, JSW Steel, ITC, Tata Steel end as top Sensex losers today
>> Tata Motors, Adani Ports, JSW Steel, ITC, Tata Steel end as top Sensex losers today
3:36 PM
Stock Market Closing Bell LIVE Updates: Sensex ends with gains of less than 100 pts today
>> BSE Sensex closed at 83,079.66, up 90.88 points or 0.11%
3:33 PM
Stock Market Closing Bell LIVE Updates: Nifty holds 25,400 for 2nd day
>> NSE Nifty ends at 25,418.55, up 34.80 points or 0.14%
>> Nifty hit a high of 25,441.65 and a low of 25,352.25 during the day
>> Nifty hit a high of 25,441.65 and a low of 25,352.25 during the day
3:29 PM
This specialty chemicals stock has zoomed 42% in 2 days; hit 2-year high
ASL is engaged in the manufacturing of ionic and non-ionic surfactants and specialty products serving the home and personal care (HPC) industry. Its product portfolio includes surfactants, mild surfactants, rheology modifiers, pearlising agents, UV filters, soap bases, and conditioning agents. ASL supplies surfactants, including concentrates for shampoo, hand wash, dish wash, and oral care. READ MORE
3:15 PM
Stock Market LIVE Updates: Bajaj Auto launches new Triumph Speed T4
>> Bajaj Auto has introduced two new models under its collaboration with Triumph—the Triumph Speed T4 and the MY25 Speed 400.
>> Deliveries for both motorcycles are set to begin later this month
>> The Triumph Speed T4, priced at Rs 2.17 lakh (ex-showroom, Delhi), will be the most affordable Triumph model available in India
>> Deliveries for both motorcycles are set to begin later this month
>> The Triumph Speed T4, priced at Rs 2.17 lakh (ex-showroom, Delhi), will be the most affordable Triumph model available in India
3:12 PM
Stock Market LIVE Updates: Upcoming IPO: Quadrant Future Tek gets Sebi nod for Rs 275-cr IPO; details
Stock Market LIVE Updates: Technology and innovation-driven company, Quadrant Future Tek, has announced that it has received approval from the capital markets regulator, Securities and Exchange Board of India (Sebi), to raise Rs 275 crore through an initial public offering (IPO). Quadrant Future Tek had filed its IPO papers with Sebi on June 2, 2024. READ MORE
3:03 PM
Stock Market LIVE Updates: Man Infra finishes Juhu project with revenue potential of Rs 250 cr before schedule
Stock Market LIVE Updates: Man Infraconstruction today announced that it has completed the construction of Aaradhya Evoq, MICL Group's 19th real estate project, ahead of schedule.
Aaradhya Evoq, a luxury residential project located in the prestigious neighbourhood of Juhu, Mumbai, was completed in less than 2.5 years from its launch.
With a total carpet area of around 60,000 square feet available for sale and revenue potential of about Rs 250 crores, the project has already sold out nearly 85 per cent of its residences and made a total collection of over Rs 165 crores, the company said in an exchange filing.
Aaradhya Evoq, a luxury residential project located in the prestigious neighbourhood of Juhu, Mumbai, was completed in less than 2.5 years from its launch.
With a total carpet area of around 60,000 square feet available for sale and revenue potential of about Rs 250 crores, the project has already sold out nearly 85 per cent of its residences and made a total collection of over Rs 165 crores, the company said in an exchange filing.
2:59 PM
The target entity is the JV Company (formed pursuant to the JVA entered into with Kinaltek and the JV Novation and Amendment Agreement entered into with Kinaltek and Kindia). The JV Company will set up manufacturing plants to produce nano-silicon based products for battery applications.
Stock Market LIVE Updates: PCBL, Kindia Pty JV to foray into battery applicants' production
PCBL and Kinaltek have mutually agreed that instead of Kinaltek, Kindia Pty Ltd (as a trustee of Kindia Unit Trust) shall be the joint venture partner in the JV company
The target entity is the JV Company (formed pursuant to the JVA entered into with Kinaltek and the JV Novation and Amendment Agreement entered into with Kinaltek and Kindia). The JV Company will set up manufacturing plants to produce nano-silicon based products for battery applications.
2:53 PM
Stock Market LIVE Updates: JBM secures $100 million funding from ADB, AIIB to expand e-bus operations
Stock Market LIVE Updates: JBM ECOLIFE Mobility, a subsidiary of JBM Auto Limited, has secured $100 million in funding from the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB). The funds will be used to supply and operate approximately 650 electric buses across several Indian states under the gross cost contract model. READ MORE
2:41 PM
Stock Market LIVE Updates: Recently listed IPO soars 20%; jumps 78% over issue price in 10 days
Stock Market LIVE Updates: Shares of ECOS (India) Mobility & Hospitality (ECOS) were locked in the 20-per cent upper circuit, at Rs 592.95, on the BSE in Tuesday's intraday trade. In the past 10 trading days, the stock of the road transport company has zoomed 78 per cent over its issue price of Rs 334 per share. ECOS made its stock market debut on September 4, 2024. READ MORE
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First Published: Sep 17 2024 | 7:41 AM IST