Closing Bell: Sensex ends near 60K, Nifty above 17800
Closing Bell- Sensex ends near 60k and Nifty above 17800: The market sentiments got a boost with the commerce and industry ministry’s statement that foreign direct investment equity inflow into the country more than doubled to $20.42 billion during the April-July period of the current financial year. Total FDI inflow rose to $27.37 billion during the first four months of 2021-22.
Some support came in as Reserve Bank Governor ShaktiKanta Das underlined the need for a big push to infrastructure investment, education, and digital economy to achieve sustainable growth and generate jobs in smaller cities
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Today’s market at close: Sensex, Nifty, and Bank Nifty on spot level
At the close, Sensex jumped 958.03 points or 1.63 percent and closed at 59885.36 while Nifty was up by 276.30 points or 1.57 percent and ended at 17822.95 levels. The Bank Nifty also gained 827.05 points or 2.24 percent and finished at 37771.70 levels.
The broader markets also gained in line with their larger peers today. The Nifty midcap index gained 446.95 points or 1.49 percent and closed at 30380.85 levels. The Nifty smallcap index was up by 83.70 points or 0.78 percent and finished at 10823.60 levels.
The top five gainers in the Nifty 50 index were Bajaj Finserve, Hindalco, LT, Tata Motors, and Coal India. The top five losers in the Nifty 50 index were HDFC Life, Dr. Reddy’s Lab, JSW Steel, Tata Consumer Products, and ITC. The most active stocks in the Nifty 50 index in terms of volume were Bharti Airtel, Reliance, and Tata Motors. The most active stocks in terms of volume were Tata Motors, Coal India, and Bharti Airtel.
Ona the sectoral front, barring media all other sectors closed in the green today. The sectors that took the led in the rally were Realty, Banking, Financials, Oil & Gas, Metals, and Consumer Durables.
Sensex and Nifty Live updates Today at 2.20 pm: Indian markets are trading strong, the key indexes, Sensex and Nifty are trading higher by 1.39 percent and 1.34 percent respectively. Bank Nifty on the spot levels is trading strong at 37756.65 levels, up 2.20 percent. Bajaj Finserve is trading as the top gainer in the Nifty50 index whereas Dr. Reddy’s lab is trading as the top loser at this moment.
Asian markets mostly closed higher on Thursday. European markets are trading higher for the third consecutive day today as China’s Evergrande’s concern eases, investors are now eyed business surveys and interest rate decisions by the BOE.
Indian stock market Live – Sensex, Nifty, and Bank Nifty
Indian finance ministry officials plan to pitch for a rating upgrade from Moodys Investors Service on September 28 meeting. Earlier Moody’s cut India’s sovereign rating to Baa3 in June 2020.
Indian stock markets are trading strong at 11.30 am, Nifty and Sensex are trading higher by 1.13 percent and 1.10 percent respectively. The Bank Nifty is trading higher by 1.84 percent.
The broader markets are also trading higher in line with their larger peers. The Nifty midcap and smallcap indexes are trading 1.45 percent and 0.98 percent respectively.
Bajaj Finserve, Coal India, and Axis bank are trading as the top gainers in the Nifty50 index whereas HDFC Life, Dr. Reddy lab, and Shree cement are trading as top losers at this moment. Nifty Realty, Nifty PSU banking, and Nifty Banking index are trading higher today.
Stock Market Opening updates, 23 Sept 2021
Sensex and Nifty Live Updates: Indian stock markets opened higher on Thursday tracking positive cues from their global peers. Nifty opened at 17670.85 levels, up by 124.2 points while Sensex made a higher opening of 430.85 points at 59358.18 levels. The Bank Nifty opened at 37241.25 levels up by 296.6 points from the previous close.
At 9.40 am, the benchmark indices, Sensex and Nifty are trading higher by 0.81 percent and 0.82 percent respectively while Bank Nifty on the spot levels is trading up by 1.29 percent.
Good Morning and welcome to the Indian Stock Market Live Today 23 Sept
Indian Stock Market Live Today, 23 Sept 2021 at 8.10 am
Asian markets are mostly trading in the green on Thursday following the cues from Wall Street overnight. Nikkei is not trading today due to a public holiday. Hang Seng and Shanghai are trading higher by 1.83 percent and 0.32 percent respectively. The SGX Nifty is trading up by 101 points or 0.58 percent at 17654 levels.
The US Markets
The US market indexes gained on Wednesday after Fed’s signal for taper and interest rate. The Federal Reserve on Wednesday signaled that it could begin to reduce its bond purchases soon and raise the interest rates from 2022.
Investors got clarity from Fed’s meeting on Wednesday and all three major US indexes closed higher after four trading sessions. The US market indexes, Dow Jones and S&P 500 gained 1 percent and 0.95 percent while Nasdaq was up by 1.02 percent on Thursday.
European Markets
European markets closed on a strong note on Wednesday as worries of China’s property developer Evergrande eased and investors turned their attention to the Fed’s meeting outcome that was expected later in the day. The European market indexes, FTSE and CAC closed higher by 1.47 percent and 1.29 percent respectively while DAX was up by 1.03 percent on Thursday.
FIIs and DIIs data
Indian markets closed marginally lower on Wednesday. FIIs were the sellers and DIIs were the buyers in the cash market. FIIs sold Rs 1943.26 crores while DIIs bought Rs 1850.02 crore in the cash market on Wednesday. On a monthly basis, FIIs and DIIs are net buyers in the cash market.
As per the indication getting from the global markets, Indian markets are expected to open higher today.
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Nifty and Bank Nifty Prediction for Tomorrow, 23 Sept 2021
Happy Investing !!
Editor’s desk
