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Top Nifty gainers included NTPC, JSW Steel, Hindalco Industries, Shriram Finance and L&T, while losers were Bajaj Finance, HUL, Bajaj Finserv, SBI Life Insurance and Britannia Industries. Among sectors, except FMCG and Telecom, all other sectoral indices ended in the green with bank, capital goods, power, realty, media, metal up 0.4-1 percent. Broader indices also rallied to record high with the BSE midcap index ending on flat note, while smallcap index was up 0.3 percent.
September 16, 2024 / 15:45 IST
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Stock Market Today
Moneycontrol.com
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September 16, 2024 / 15:45 IST
Aditya Gaggar Director of Progressive Shares
The Index oscillated in an extremely thin range of 25,350-25,420 and finally settled at 25,383.75 with gains of 27.25 points. Among the sectors, Media was the top performer followed by Energy and Metal while FMCG was the major laggard. Mid and Smallcap segments more or less moved in tandem with the Frontline Index.
On the lower time frame, i.e. hourly chart, it appears that the Index is forming a Bullish Pennant and Pole formation where a strong move above 25,430 will be considered as a breakout point. In case of a breakout, the approximate target comes at 25,770.
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September 16, 2024 / 15:33 IST
Vinod Nair, Head of Research, Geojit Financial Services
The domestic market traded in a narrow range with a positive bias as the participants are keenly awaiting the FEDs decision this week. The weakness in the US job market and benign inflation are pointing at a slew of rate cuts on the table. The inflow of foreign money and an expectation of stability in domestic growth may keep sentiment optimistic.
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September 16, 2024 / 15:32 IST
Currency Check | Rupee closes flat
Indian rupee ended flat at 83.88 per dollar on Monday against Friday’s close of 83.89.
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September 16, 2024 / 15:30 IST
Market Close | Nifty around 25,400, Sensex gains; power gains, FMCG drags
Indian equity indices ended higher with Nifty around 25,400 on September 16 led by buying across the sectors barring FMCG.
At close, the Sensex was up 97.84 points or 0.12 percent at 82,988.78, and the Nifty was up 27.30 points or 0.11 percent at 25,383.80. About 2080 shares advanced, 1862 shares declined, and 85 shares unchanged.
Top Nifty gainers included NTPC, JSW Steel, Hindalco Industries, Shriram Finance and L&T, while losers were Bajaj Finance, HUL, Bajaj Finserv, SBI Life Insurance and Britannia Industries.
Among sectors, except FMCG and Telecom, all other sectoral indices ended in the green with bank, capital goods, power, realty, media, metal up 0.4-1 percent.
The BSE midcap index ended flat, while smallcap index was up 0.3 percent.
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September 16, 2024 / 15:26 IST
Stock Market LIVE Updates | Jiwanram Sheoduttrai Industries executes large order of supplying denims to Myntra
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September 16, 2024 / 15:24 IST
Stock Market LIVE Updates | Godfrey Phillips up 11%, most in 2 months
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September 16, 2024 / 15:22 IST
KRBL, LT Foods, Kohinoor shares rise as Centre removes Minimum Export Price on Basmati
The international price of variants of Basmati had been falling between 15-25 percent in the recent, past due to fewer orders. For FY24, the export of Basmati rice fell by 10 percent to 4.10 million tonne….Read More
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September 16, 2024 / 15:15 IST
Brokerage Call | CLSA keeps âoutperformâ rating on Axis Bank, target Rs 1,400
#1 Company reiterated its strategy of profitable growth
#2 For deposits, it will target non-resident Indians & affluent clients, improve branch productivity
#3 Partnerships to be enhanced for granular deposit growth
#4 Company believes credit costs for the system & the bank in FY24 are unsustainable
#5 A net credit cost of 0.97 percent in Q1 is not reflective of expectations for FY25
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September 16, 2024 / 15:10 IST
Brokerage Call | Kotak Institutional Equities downgrade Concord Biotech to âreduceâ, target Rs 1,950
#1 Companyâs topline growth over past few quarters has been driven by low-margin formulations segment
#2 Topline growth via low-margin formulations segment is the not the ideal mix
#3 Company posted a slightly below par API growth print in FY24 & Q1FY25
#4 Expect a pick-up from Q2
#5 Do not expect any major delta on overall earnings given miniscule scale of companyâs CDMO segment
#6 Sharp 32 percent rally in stock price over past 1 month renders valuations expensive
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September 16, 2024 / 15:07 IST
Sensex Today | BSE Ltd shares extend gains as volume surges
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September 16, 2024 / 15:05 IST
Stock Market LIVE Updates | Strides receives USFDA approval for Fluoxetine tablets
Strides Pharma Science announced that its step-down wholly owned subsidiary, Strides Pharma Global Pte. Limited, Singapore, has received approval
for Fluoxetine Tabs 60 mg, from the United States Food & Drug Administration (USFDA).
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September 16, 2024 / 15:02 IST
Sensex Today | BSE Bank index up 0.4%; Axis Bank, ICICI Bank, Yes Bank among major gainers
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September 16, 2024 / 15:00 IST
Markets@3 | Sensex up 117 pts, Nifty around 25400
The Sensex was up 117.73 points or 0.14 percent at 83,008.67, and the Nifty was up 37.20 points or 0.15 percent at 25,393.70. About 1822 shares advanced, 1737 shares declined, and 82 shares unchanged.
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