16 Sep 2024 | 08:48:11 AM IST

Synopsis
Sensex Today | Stock Market LIVE Updates | On Friday, domestic benchmark indices Sensex and Nifty50 ended slightly lower, pressured by declines in FMCG and energy stocks. Despite this, they achieved their strongest weekly performance since late June, in anticipation of a possible Federal Reserve rate cut.
Sensex Today | Stock Market LIVE Updates | The index remained range-bound throughout the day, facing resistance at the rising trendline on the daily chart. On the lower time frames, the RSI has entered a bearish crossover, signaling a potential reversal in bearish momentum. In the near term, the trend may remain sideways. Support is observed at 25,150–25,200, while resistance is seen at 25,460, said Rupak De of LKP Securities.
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Sensex Today | Stock Market LIVE Updates: Is the stock market closed for Eid today?
Indian stock markets will be open on Monday, September 16, which is Eid-e-Milad-un-Nabi. All trading segments, including equities, derivatives, and securities lending and borrowing (SLB), will function as usual.
Sensex Today | Stock Market LIVE Updates: Stocks to buy today: Bajaj Finserv, Gravita among top 8 trading ideas for September 16, 2024
The Indian market is expected to open higher on Monday, following positive global cues. On Friday, Nifty futures ended flat at 25,363.
Sensex Today | Stock Market LIVE Updates: Record run in small, midcaps may continue as inflows continue unabated despite warning signals
The remarkable surge in mid-cap and small-cap stocks is expected to persist, fueled by ongoing investments from domestic investors that are driving the bullish momentum.
Sensex Today | Stock Market LIVE Updates: IPO Watch: Northern Arc’s mix of lending services offers long-term play
Northern Arc Capital (NACL), a mid-sized pan-India diversified non-banking finance company (NBFC), plans to raise ₹500 crore through a fresh equity issuance to strengthen its capital base, along with ₹277 crore through an offer for sale by existing investors. As a professional entity, NACL operates without a promoter. The combined stake of selling investors, including LeapFrog Financial Inclusion India, Accion Asia-Africa Investment Company, and 360 ONE WAM (formerly IIFL Wealth), will decrease from 48% to approximately 40%.
Sensex Today | Stock Market LIVE Updates: D-Street investors take a fancy to listed regional players
What do PN Gadgil, Arkade Developers, Bazaar Style Retail, Saraswati Saree Depot, and Tolins Tyres have in common? These companies, each with a strong regional presence, have all launched their IPOs in recent months. In recent years, several regional players have made their stock exchange debut, often providing an exit opportunity for private equity investors who helped them scale.
Sensex Today | Stock Market LIVE Updates: Got lucky in Bajaj Housing IPO? Analysts suggest to hold it for long-term
Investors who participated in Bajaj Housing Finance’s highly oversubscribed initial public offering (IPO) could be in for a significant gain when the stock debuts on Monday. Based on current grey market trends, the stock might double its issue price of ₹70. While analysts anticipate that the stock could continue its strong performance in the short term, they caution that such a rapid increase could render Bajaj Housing’s valuations higher compared to its peers.
Sensex Today | Stock Market LIVE Updates: Technical view: Firm uptrend in store, Nifty looks set for 26,000
Technical indicators suggest a bullish trend for the Nifty this week, with a short-term target of 25,700 and robust support at 25,000. Analysts also project a broader mid-term target of 26,980. Key stocks to watch include Bank of Baroda, IndusInd Bank, Kotak Bank, ICICI Bank, IDFC First Bank, CanFin Homes, Bajaj Finance, Oberoi Realty, Godrej Properties, DLF, Hero MotoCorp, and JSW Steel.
Sensex Today | Stocks in news: Bajaj Housing Finance, RIL, Adani Power, Thermax, SpiceJet, GMR Airports
Equity markets hit all-time highs last week, fueled by positive global signals. Today, the spotlight will be on shares of Bajaj Housing Finance, RIL, Adani Power, Thermax, SpiceJet, and GMR Airports, among others, due to various news updates.
Stock Market LIVE Updates | GIFT Nifty signals a positive start for D-Street
Domestic markets hit all-time highs last week, driven by a global market rally. Looking ahead to the coming week, attention is focused on the outcome of the US Federal Reserve meeting set for September 18.
Stock Market LIVE Updates | Australian shares rise towards fresh high as gold stocks shine; Fed in focus
Australian shares rose towards a record high on Monday, as gold stocks jumped on soaring bullion prices, while investors waited for an almost-certain rate cut by the U.S. Federal Reserve later this week.
The S&P/ASX 200 index had climbed 0.5% to 8,143.3 by 1230 GMT and was set for a fifth straight session of gains. The benchmark was 5.4 points away from its record high of 8,148.7 scaled on Aug. 1.
Stock Market LIVE Updates | Asia stocks on tenterhooks as Fed faces crunch time
Asian stocks made a cautious start on Monday in a week that is almost certain to see the start of an easing cycle in the United States with the only question mark being the size of the cut, with markets split on the chance of an outsized move.
Central banks in Japan and the UK also meet this week, with both expected to stand pat for now, while a packed data schedule includes U.S. retail sales and industrial production.
Stock Market LIVE Updates | Gold prices edge higher on prospect of steeper US rate cuts
Gold prices inch higher on Monday, supported by a weaker dollar and on the prospect of a more aggressive rate reduction by the U.S. Federal Reserve at its upcoming policy meeting.
Spot gold was up 0.2% at $2,580.81 per ounce, as of 0020 GMT. Bullion rose to a record high of $2,585.99 on Friday.
Stock Market LIVE Updates | Forex News
- The euro rose 0.1% to $1.1091
- The Japanese yen rose 0.2% to 140.55 per dollar
- The offshore yuan was little changed at 7.0946 per dollar
- The Australian dollar rose 0.1% to $0.6711
Stock Market LIVE Updates | Global Markets Check
- S&P 500 futures were little changed as of 9:23 a.m. Tokyo time
- Hang Seng futures fell 0.2%
- Australia’s S&P/ASX 200 rose 0.5%
- Euro Stoxx 50 futures rose 0.7%