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.
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Stock Market Today: Indian equity benchmark indices BSE Sensex and Nifty 50 were trading higher, after climbing to fresh all-time highs in the afternoon on Tuesday. (Photo: Shutterstock)
Stock Market LIVE Updates, Tuesday, September 24, 2024: Indian equity benchmark indices, after surging to fresh all-time highs late on Tuesday afternoon led by FII buying flows, pared their gains to close on a muted note.
At closing bell, the BSE Sensex was down 15 points, or 0.02, at 84,914. The 30-stock index had touched fresh all-time highs in the morning as well as afternoon session. It created a fresh record high of 85,163.
Mirroring Sensex's moves, the Nifty 50 also touched a fresh record high, while also breaching the psychological level of 26,000. At close, the 50-stock index was marginally up by 0.01 per cent, at 25,940.
However, more than half the stocks on the BSE Sensex ended in the green, with gains (of up to 4.29 per cent) were led by Tata Steel, Power Grid Corp., Tech Mahindra, HCLTech, and Mahindra & Mahindra, while the top laggards on the index were Hindustan Unilever (down 2.46 per cent), UltraTech Cement, Kotak Mahindra Bank IndusInd Bank, and Titan.
Half of the stocks on the Nifty 50 were also in the green. Gains were led by Tata Steel (up 4.32 per cent), Hindalco, Power Grid Corp., Tech Mahindra, and Adani Enterprises, while the index was weighed down by SBI Life (2.78 per cent), Hindustan Unilever, Grasim Industries, UltraTech Cement, and Shriram Finance.
Across sectors, the biggest gainer was the Nifty Metal index, having climbed 2.97 per cent at close. Other indices that closed with gains were the IT, Auto, Pharma, and Oil & Gas indices.
Meanwhile, the PSU Bank index was the top sectoral laggard, closing 0.86 per cent, followed by the FMCG index.
The Nifty Bank and Financial Services indices also closed in the red, falling 0.25 per cent and 0.28 per cent, respectively.
The Realty, Consumer Durables and Healthcare indices also closed in the red.
Apart from that, the BSE SmallCap index closed 0.04 per cent lower at 57,475, while the BSE MidCap index closed higher by 0.21 per cent at 49,621.
At closing bell, the BSE Sensex was down 15 points, or 0.02, at 84,914. The 30-stock index had touched fresh all-time highs in the morning as well as afternoon session. It created a fresh record high of 85,163.
Mirroring Sensex's moves, the Nifty 50 also touched a fresh record high, while also breaching the psychological level of 26,000. At close, the 50-stock index was marginally up by 0.01 per cent, at 25,940.
However, more than half the stocks on the BSE Sensex ended in the green, with gains (of up to 4.29 per cent) were led by Tata Steel, Power Grid Corp., Tech Mahindra, HCLTech, and Mahindra & Mahindra, while the top laggards on the index were Hindustan Unilever (down 2.46 per cent), UltraTech Cement, Kotak Mahindra Bank IndusInd Bank, and Titan.
Half of the stocks on the Nifty 50 were also in the green. Gains were led by Tata Steel (up 4.32 per cent), Hindalco, Power Grid Corp., Tech Mahindra, and Adani Enterprises, while the index was weighed down by SBI Life (2.78 per cent), Hindustan Unilever, Grasim Industries, UltraTech Cement, and Shriram Finance.
Across sectors, the biggest gainer was the Nifty Metal index, having climbed 2.97 per cent at close. Other indices that closed with gains were the IT, Auto, Pharma, and Oil & Gas indices.
Meanwhile, the PSU Bank index was the top sectoral laggard, closing 0.86 per cent, followed by the FMCG index.
The Nifty Bank and Financial Services indices also closed in the red, falling 0.25 per cent and 0.28 per cent, respectively.
The Realty, Consumer Durables and Healthcare indices also closed in the red.
Apart from that, the BSE SmallCap index closed 0.04 per cent lower at 57,475, while the BSE MidCap index closed higher by 0.21 per cent at 49,621.
3:54 PM
(Comment by: Vinod Nair, Head of Research, Geojit Financial Services.)
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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.
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)
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
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Stock Market LIVE Updates: Sensex hits fresh record high; above 85,100
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Topics : MARKET LIVE MARKETS TODAY stock market trading Markets Sensex Nifty S&P BSE Sensex Gift Nifty Nifty50 Nifty 50 share market global stock market US stock US stock market US stock markets Asia stocks Asian markets Indian stock market Indian stock markets
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First Published: Sep 24 2024 | 7:48 AM IST
