Closing Bell: Sensex ends above 60K, Nifty up 30 pts
Closing Bell, 24 Sept – Indian stock markets erased most of their intraday gains and closed marginally higher on Friday. Markets were trading firm in the early deals and touched new all-time highs but erased most of their gains after the European markets opened in the red. Indian markets gained on account of buying witnessed in Nifty Realty, IT, and Auto stocks today.
Traders took note of the report that Union Commerce Minister Piyush Goyal asked bankers to be more liberal on aspects like exchange rates while serving the exporters segment.
Market at close: Sensex, Nifty, and Bank Nifty on the spot
At the close, Nifty gained 30.25 points or 0.17 percent and closed at 17853.20 while Sensex was up by 163.11 points or 0.27 percent and closed at 60048.47 levels. The Bank Nifty spot price also gained 58.60 points or 0.16 percent and closed at 37830.30 levels.
The broader markets closed mixed today. The Nifty midcap index closed lower by 237.25 points or 0.78 percent and finished at 30143.60 levels. The Nifty smallcap index was up by 12.95 points or 0.12 percent and ended at 10836.55 levels.
The top five gainers in the Nifty 50 index were Asian Paints, Eicher Motors, M&M, HCL Tech, and Bharti Airtel. The top five losers in the Nifty 50 index were Tata Steel, JSW Steel, SBI, Divis Lab, and Shree Cement. The most active stocks in terms of value in the Nifty 50 index were Bharti Airtel, Reliance, and Tata Steel. The most active stocks in terms of volume were Bharti Airtel, ONGC, and Tata Motors.
On a sectoral front, the Realty, IT, Automobiles, Financial and Banking sectors closed in the green. On the losing side, Metals, FMCG, Nifty PSU Bank, Media, and Pharma sectors closed in the red.
Sensex and Nifty indices trimmed some early gains
Indian market Live at 1.20 pm: Indian stock market indices trimmed some intraday gains but are trading above their neutral lines. Sensex and Nifty are trading higher by 0.30 percent and 0.18 percent respectively. The Bank Nifty spot price is trading almost flat at 37769 levels.
The broader markets are trading lower today. The Nifty midcap and smallcap indexes are trading 0.67 percent and 0.27 percent respectively. On a sectoral front, Nifty Realty, IT, and Auto sectors are trading higher whereas Nifty Metal, PSU Bank, and Media sectors are trading lower.
The top Nifty50 gaining stocks at this moment are Asain Paints, HCL Tech, and Grasim and the top losing stocks are JSW Steel, Tata Steel, and Shree Cements.
European markets are trading in the red following the mixed Asian market cues, traders should remain cautious and trade with stop loss as markets may see some correction in the last hour.
Market Live at 11.45 am: Indian markets are trading positive and stable in the morning deals with gains of around half a percent each on account of buying in IT, Realty, and Auto stocks. Markets got some support as Union Minister Piyush Goyal said the commerce ministry is trying to ease norms for Special Economic Zones (SEZs) and make it simpler for units to exit these areas.
The ministry further said that it is looking at various other ways for partial de-recognization of existing SEZs so that areas that have no more demand can be used for industrial or other purposes.
Sensex and Nifty are trading at an all-time high: Indian stock markets opened higher on Friday tracking positive cues from Wall Street overnight. Sensex opened above 60K for the first time while Nifty has touched a new high today. Nifty opened at 17897.45, up by 74.5 points while Sensex made a positive opening of 273.4 points at 60158.76 levels. The Bank Nifty also made a gap up opening of 182.3 points at 37954 levels.
At 9.50 am, the benchmark indices Sensex and Nifty are trading at an all-time high. Sensex and Nifty indexes are trading higher by 0.55 percent and 0.52 percent respectively. The Bank Nifty on the spot price is trading higher by 0.24 percent.
Good Morning and welcome to the Indian Stock Market Live Today 24 Sept
Indian Stock Market Live Today, 24 Sept 2021 at 8.10 am
Asian markets are trading mixed on Friday despite the positive cues from the US markets overnight. Nikkei is trading higher by 1.89 percent whereas Hang Seng and Shanghai are trading lower by 0.23 percent and 0.02 percent respectively. SGX Nifty is trading higher by 21 points or 0.12 percent at 17850 levels
Shanghai and Hang Seng are down as Evergrande’s shares fell more than 6 percent on Friday due to the interest payment deadline.
The US markets
The US markets closed higher for the second consecutive day on Thursday. Dow Jones up more than 500 points on Thursday hits its biggest two days rally in the last six months. The US jobless claim climbed marginally last week but remained near the pandemic low.
The US market indexes, Dow Jones and S&P 500 gained 1.48 percent and 1.21 percent respectively while the tech-heavy Nasdaq was up by 1.04 percent on Thursday.
European Markets Updates
European market indexes mostly closed in the green on Thursday as global sentiment improved on easing concerns about cash-strapped developer China Evergrande. Meanwhile, investors have ignored the latest survey showed that the eurozone business activity grew at the weakest pace in five months in September, while comments from the BoE kept FTSE under pressure on Thursday.
European market indexes FTSE closed lower by 0.07 percent while CAC and DAX gained 0.98 percent and 0.88 percent respectively.
FIIs and DIIs data
The Indian markets closed higher on Thursday. Sensex and Nifty touch a fresh all-time high and Bank Nifty jumped more than 2 percent ahead of the weekly expiry day. FIIs and DIIs both were buyers, FIIs bought Rs 357.93 crore while DIIs bought Rs 1173.09 crore on Thursday.
Market opening view: As per the indication getting from the Asian markets, Indian stock markets are likely to open in the green.
You may also like to read, Nifty and Bank Nifty Prediction for Tomorrow, 24 Sept 2021
Happy Investing !!
Editor’s desk
