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Market Close Highlights: Sensex ends 400pts up, Nifty at 24,900; Financials, FMCG, Consumer gain

Market Close Highlights: Indian equity benchmark indices ended Monday's trading session higher, even as Asian markets were roiled by weak sentiment emanating from global markets.

SI Reporter New Delhi
sensex nifty stock market share market

2 min read Last Updated : Sep 09 2024 | 4:00 PM IST

Key Events

4:00 PM

Stock Market Tech View :: 'Nifty faces immediate hurdle at 25,000 - 25,100 levels'

-  On the daily charts we can observe that the Nifty has tested and held on to the support zone 24,850 – 24,800 which coincided with the 20 day moving average and the 38.2 per cent Fibonacci retracement level.
 
-  Today’s low 24,750 shall be the stoploss for the long positions and a breach below it shall lead to a trend reversal from short term perspective. The immediate hurdle on the upside is placed at 25,000 - 25,100.

Views by:  Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas

3:58 PM

Stock Market Comment :: 'Markets attempting to gain stability'

- Despite a negative opening amidst weak global cues, the domestic market exhibited some recovery from last week’s steep fall. 
 
- The market is currently attempting to gain stability between potential rate cuts and recession fears in the US. The current trend in the US job data suggests that the anticipated 25 bps rate cut may not be sufficient. 
 
- Moreover, the upcoming data on US inflation and jobless claims will be decisive in assessing the market trend.
 
Views by: Vinod Nair, Head of Research, Geojit Financial Services
 

3:55 PM

Currency check: Rupee ends 1 paisa lower vs US dollar on Monday

The Indian Rupee ended 1 paisa lower at 83.956 against the US dollar on Monday.
 

3:50 PM

Stock Market LIVE Updates: FMCG outperforms other sectoral indices

Stock Market LIVE Updates: The Nifty FMCG index outperformed the other sectoral indices, ending 2.04 per cent higher on Monday.
 

3:44 PM

Stock Market LIVE Updates: Smallcap, Midcap indices settle in red

Stock Market LIVE Updates:  Among the broader markets, Mid-cap and Small-cap shares ended in the red on Monday.
 

3:41 PM

Stock Market LIVE Updates: Sensex Heatmap check

Hindustan Unilever, ICICI Bank, and ITC were among the top gainers on the BSE Sensex, while Tech Mahindra, Tata Steel, and NTPC were among the top laggards.
 

3:36 PM

Stock Market LIVE Updates: Nifty50 settles 84 points higher

Stock Market LIVE Updates: The benchmark NSE Nifty50 ended 183.25 points higher from the day's low to 24,936.40. 

3:33 PM

Stock Market LIVE Updates: Sensex adds 376 points

Stock Market LIVE Updates: The benchmark BSE Sensex ended 664.49 points higher from the day's low to 81,559.54. 
 

3:11 PM

Stock Market LIVE Updates: Shyam Metalics share gains 3% on 5-yr growth plans in steel, aluminium biz

Shyam Metalics and Energy shares soared as much as 3 per cent on Monday, September 9, logging an intraday high of Rs 818 per share. Though, at around 2:22 PM, the stock pared some gains and was up 2.1 per cent or Rs 16.65 at Rs 810.9. By comparison, the BSE Sensex's rose 206.39 points to 81,390.32. READ MORE
 

3:05 PM

Stock Market LIVE Updates: Sensex trades 300 points higher

Stock Market LIVE Updates: The BSE Sensex was was quoted trading 310 points higher at 81,493. 

2:58 PM

Stock Market LIVE Updates: Kamdhenu Ventures to expand premium products line-up; stock climbs 2.5%

Stock Market LIVE Updates: Shares of Kamdhenu Ventures climbed 2.56 per cent to Rs 48.74, just shy of Rs 0.26 from its 52-week high of Rs 49 on the BSE, during intra-day deals on Monday.

The northward move in the smallcap stock came after Kamdhenu Paints, a wholly-owned subsidiary of the Kamdhenu Ventures, announced that it is set to expand its premium product line with the introduction of a new wood coatings range, adhering to international quality standards. READ MORE
 
 

2:47 PM

Stock Market LIVE Updates: Premier Energies extends rally after strong debut; mcap cross Rs 50,000 cr

Stock Market LIVE Updates: The market capitalisation of Premier Energies has crossed Rs 50,000 crore after the stock price of the solar cell manufacturer rallied 9 per cent to hit a new record high of Rs 1,190.35 on the BSE in Monday’s intra-day trade.

Premier Energies was trading 6 per cent higher at Rs 1,157 on the BSE, with a market cap of Rs 52,155 crore at 1:57 PM. In comparison, the BSE Sensex was up 0.27 per cent at 81,402. READ MORE

2:37 PM

Stock Market LIVE Updates: JSW Infrastructure stock up as co approves capex of Rs 2,359 cr to expand capacity

Stock Market LIVE Updates: Shares of JSW Infrastructure gained 1.5 per cent after the company today approved a capex of Rs 2,359 Crore for the capacity expansion at its Jaigarh and Dharamtar Port.

The company, in an exchange filing, said, "As a part of the company’s FY2030 growth plan to increase capacity to 400 Million Tonnes Per Annum (MTPA) from the existing capacity of 170 MTPA, the Board of the respective subsidiary companies has approved a total capacity expansion plan of 36 MTPA (21 MTPA at Dharamtar and 15 MTPA at Jaigarh)." 

The company added that the capex plan includes mechanical, civil, and electrical work for new berths and additional infrastructure, such as railway siding for Jaigarh Port, to boost third-party cargo movement.

2:30 PM

Stock Market LIVE Updates: Bajaj Housing Finance's $782 mn float kicks off busy week for Indian IPOs

Stock Market LIVE Updates: Bajaj Housing Finance's $782 million public offer opened on Monday, kicking off the busiest week for Indian IPOs so far this year as companies seek to capitalise on a booming stock market amid a retail investor frenzy. India's stock market has hit record highs over 50 times this year and has seen about 200 companies raise more than $7 billion through IPOs, including high-profile offerings from EV-maker Ola Electric Mobility and telecom operator Bharti Hexacom. READ MORE

2:22 PM

Stock Market LIVE Updates: PNB revises savings account service charges from October 1: Check details

Stock Market LIVE Updates: Punjab National Bank (PNB) has announced revisions in service charges for its savings accounts, effective from October 1, 2024. The changes include adjustments to minimum average balance requirements, locker fees, and charges for demand drafts and cheque returns. READ MORE
 

Market Close Highlights, Monday, September 9, 2024: Indian equity benchmark indices BSE Sensex and Nifty 50 ended Monday's trading session higher, even as markets in Asia were roiled by weak sentiment emanating from the sell-off in US stocks on Friday.

However, futures in Europe and the US had climbed as investors looked forward to the Federal Reserve's meeting scheduled for next week.

In the domestic market, the BSE Sensex, which had opened lower at 80,973.75, touched a high of 81,653.36 and a low of 80,895.05. At close, the 30-stock index was up 375 points, or 0.46 per cent higher, at 81,560.

Meanwhile, the Nifty 50, which had also opened lower at 24,823.40, touched a high of 24,957.50 and a low of 24,753.15, on Monday's trading session. At close, the frontline index was up 84 points, or 0.34 per cent, at 24,936.

On the NSE, among Nifty 50 stocks, 26 stocks closed in the green, with gains (of up to 2.5 per cent) were led by HUL, Shriram Finance, ICICI Bank, ITC, and Britannia, while losses (of up to 2.91 per cent) were led by ONGC, Tech Mahindra, BPCL, Tata Steel, and Hindalco.

Similarly, gains (of up to 2.95 per cent) were led by HUL among BSE Sensex stocks, followed by ICICI Bank, ITC, Kotak Mahindra Bank, and IndusInd Bank. Half of the 30 stocks on the BSE Sensex had closed in the red, with losses led by Tech Mahindra (of up to 2.6 per cent), followed by NTPC, Tata Steel, Tata Motors, and Power Grid Corporation.

However, the broader markets underperformed the frontline indices, with the BSE SmallCap shedding 0.65 per cent at close, and the BSE MidCap losing 0.2 per cent. 

Meanwhile, across sectors, the FMCG index was the biggest gainer, closing 2.04 per cent higher, followed by the Bank and Financial Services indices, which closed 1.07 per cent and 0.82 per cent higher, respectively. The Consumer Durables index also closed higher.

Rest of the sectoral indices closed in the red, with the Oil & Gas index dragging the most at close (1.37 per cent), followed by the IT and Metal indices. 

Topics :MARKET LIVEMARKETS LIVEMarkets Sensex NiftyS&P BSE SensexGift NiftyNSE Nifty50 benchmark indexNifty50Nifty 50BSE NSEBSE NSE equityMARKETS TODAYshare marketstock market tradingglobal stock marketIndian stock market

First Published: Sep 09 2024 | 7:27 AM IST

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