Stock Market Highlights, Sept 12: Benchmarks log record close; Sensex adds 1439pts, Nifty near 25400
Stock Market Highlights: The BSE Sensex crossed the 83,000-mark and the Nifty surpassed the 25,400 level for the first time today in the intraday trade
 "Photo: Bloomberg")
Photo: Bloomberg
Stock Market Highlights on Thursday, September 12, 2024: Benchmark equity indices, BSE Sensex and NSE Nifty, ended Thursday’s trading session at record high closing levels, with gains of over 1 per cent each, fueled by massive buying across sectors.
The BSE Sensex added 1,439.55 points or 1.77 per cent to settle at 82,962.71. The index hit an all-time high of 83,116.19 during the intra-day trade.
Mirroring the Sensex, Nifty50, too, settled higher at 25,388.90, up 470.45 points or 1.89 per cent. The index hit an all-time high of 25,433.35 during the intra-day trade on Thursday.
The session ended in favor of the bulls as all the constituent stocks of the Nifty 50, except Nestle India, ended in green. Gains were led by Hindalco Industries, Bharti Airtel, NTPC, Shriram Finance, and Mahindra & Mahindra, with gains of up to 4.15 per cent on Thursday.
Similarly, on the BSE, all the constituent stocks of the Sensex, barring Nestle India, ended in the positive territory with gains led by Bharti Airtel, NTPC, JSW Steel, and Mahindra & Mahindra, up to 3.68 per cent.
Meanwhile, all the sectoral indices also inched higher to settle in the positive territory on Thursday. The Nifty Auto and Metal indices settled with gains of 2-3per cent. Among others, the Nifty Bank, PSU Bank, Financial Services, IT, and Private Bank settled over 1 per cent higher each, while the Nifty Realty, and Pharma eked out gains of 0.9 per cent each.
4:02 PM
Stock Market Tech Outlook: 'Nifty may extend rally towards 25,500'
The Nifty has broken out of its recent consolidation on the daily chart, indicating a rise in optimism. Additionally, the index has been sustaining above the critical 21-day EMA, a near-term moving average.
The RSI on the daily chart shows a bullish crossover, reinforcing the positive sentiment. The trend is expected to remain strong, as the index closed above the recent consolidation high. On the upside, the rally could potentially continue toward the 25,470–25,500 range, while support is seen at 25,100.
Views by: Rupak De, Senior Technical Analyst, LKP Securities.
The RSI on the daily chart shows a bullish crossover, reinforcing the positive sentiment. The trend is expected to remain strong, as the index closed above the recent consolidation high. On the upside, the rally could potentially continue toward the 25,470–25,500 range, while support is seen at 25,100.
Views by: Rupak De, Senior Technical Analyst, LKP Securities.
3:50 PM
Stock Market Comment: 'Bulls took charge today amid strong global cues'
The bulls took charge towards the end of the day and lifted the indices to a new high, mirroring the bullish global trend. The rate-cut optimism across the globe (ECB & US Fed) has provided a positive impetus to the global market. The subsequent leg of the rally will be influenced by the outcome of domestic inflation and IIP data while the corporates core earnings are forecast to improve in Q2 on a QoQ basis.
Views by: Vinod Nair, Head of Research, Geojit Financial Services
Views by: Vinod Nair, Head of Research, Geojit Financial Services
3:41 PM
Stock Market Closing Bell LIVE Updates: MidCap index ends over 1% higher today
>> BSE MidCap index gains 1.3%, while the BSE SmallCap index rises 0.8%
3:40 PM
Stock Market Closing Bell LIVE Updates: Broad-based rally sweeps market
>> Metal Index ends nearly 3 per cent higher, Auto index 2.14 per cent
>> Realty, PSU Banks, Financials, IT other top sectoral gainers
>> Realty, PSU Banks, Financials, IT other top sectoral gainers
3:38 PM
Stock Market Closing Bell LIVE Updates: Only 1 stock ends lower on Sensex
>> Only Nestle India shares slipped on Sensex today
>> Bharti Airtel, NTPC, JSW Steel, M&M, Adani Ports, Tech M, and L&T end as top Sensex gainers today, Sept 12
>> Bharti Airtel, NTPC, JSW Steel, M&M, Adani Ports, Tech M, and L&T end as top Sensex gainers today, Sept 12
3:35 PM
Stock Market Closing Bell LIVE Updates: Nifty ends near 25,400
>> NSE Nifty50 closed the session at 25,388.90, clocking gains of 470.45 points or 1.89%
>> Index hit an all-time high of 25,433.35 intraday
>> Index hit an all-time high of 25,433.35 intraday
3:34 PM
Stock Market Closing Bell LIVE Updates: Sensex surges over 1,400 pts, ends at record closing high
>> BSE Sensex ended at 82,962.71, up 1439.55 points or 1.77%
>> Index hit a record high of 83,116.19 intraday
>> Index hit a record high of 83,116.19 intraday
3:28 PM
Why Sensex soared 1,600 pts, hit 83k today, Nifty scaled new high of 25,400
Bharti Airtel was leading from the front, rising nearly 4 per cent on the NSE and the BSE. Hindalco, NTPC, Shriram Finance, Hero MotoCorp, ONGC, Wipro, Adani Ports, M&M, JSW Steel, Grasim, Bajaj Auto, Tata Steel, and Apollo Hospitals were some of the other gainers, advancing between 2 per cent and 3.7 per cent. READ MORE
3:20 PM
HDFC Bank stock ready for a breakout after 2 months; can rally another 7%
Chart shows, that the key momentum oscillators like the RSI (Relative Strength Index), MACD (Moving Average Convergence-Divergence) and Slow Stochastic are all placed favourably across time-frames. Thus, indicating a higher possibility of the stock breaking barriers on the upside. READ MORE
3:05 PM
Granules tanks 16% on concerns over 6 observations issued by US FDA
Till 02:08 PM, more than 31 million equity shares, representing 12.89 per cent equity share of the pharmaceutical company, had changed hands on the NSE. The stock was trading 15 per cent lower at Rs 573.10 at last check, compared to the 1.2 per cent rise in the Nifty 50. READ MORE
Topics : MARKETS WRAP MARKET LIVE MARKETS TODAY MARKET WRAP Markets Sensex Nifty S&P BSE Sensex NSE Nifty50 benchmark index Nifty50 BSE NSE equity BSE NSE stock market trading Indian stock markets Global stock markets Indian stock market Asian markets Asian stocks Indian stocks
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Sep 12 2024 | 7:32 AM IST