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Market Close Highlights: IT, Pharma drive Sensex up 360pts, Nifty at 25,000; Broader markets gain

Market Close Highlights: Indian benchmark equity indices closed higher on Tuesday, tracking overnight gains in the US markets.

SI Reporter New Delhi
Bull, Stock market
Photo: Bloomberg

2 min read Last Updated : Sep 10 2024 | 3:58 PM IST

Key Events

3:54 PM

Stock Market Tech View: 'Sentiment expected to stay weak in near term'

- Nifty remained volatile throughout the day, unable to sustain levels above 25,100. The RSI remained in a bearish crossover on the daily timeframe, indicating continued weakness. 
 
- Sentiment is expected to stay weak in the near term unless Nifty manages a close above 25,100.
 
-On the lower side, support is seen at 24900; if breached, the index may decline further towards 24750.
 
Views by: Rupak De, Senior Technical Analyst at LKP Securities

3:52 PM

Stock Market Comment :: 'Strong monsoon, and uptick in demand during festival season to drive'

- The domestic market showcased a gradual rebound driven by the shift in focus towards upcoming US inflation and potential FED policy stance. 
 
- The US political risk and recession fears may set near-term cautious sentiments in the global market. 
 
- On the domestic front, a strong monsoon, and an expectation of an uptick in demand during festival season will drive investor sentiment.

Views by: Vinod Nair, Head of Research, Geojit Financial Services

 

3:49 PM

Currency check: Rupee ends 2 paise lower vs US dollar on Tuesday

The Indian Rupee ended 2 paise lower at 83.976 against the US dollar on Tuesday.
 

3:46 PM

Stock Market LIVE Updates: IT, Media, and Pharma lead gains among sectoral indices

Stock Market LIVE Updates:  IT, Media, and Pharma led the gains among the sectoral indices, while Financial Services, Pharma, and PSU stocks ended lower.
 

3:41 PM

Stock Market LIVE Updates: Smallcap index outperforms the broader indices

Stock Market LIVE Updates:  BSE Smallcap index outperformed the other baorder indiecs on Tuesday. 

3:36 PM

Stock Market LIVE Updates: Sensex Heatmap check

NTPC, HCL Tech, and Bharti Airtel were among the top gainers on the BSE Sensex, while Bajaj Finserv, Bajaj Finance, and Hindustan Unilever were among the top laggards.
 

3:34 PM

Stock Market LIVE Updates: Nifty50 settles 105 points higher

Stock Market LIVE Updates: The benchmark NSE Nifty50 ended 104.70 points higher at 25,041.10. 

3:33 PM

Stock Market LIVE Updates: Sensex adds 360 points

Stock Market LIVE Updates: The benchmark BSE Sensex added 361.75 points to settle at 81,921.29 on Tuesday. 

3:13 PM

Stock Market LIVE updates: Century Textiles shares climb 7% on acquiring 10 acre land parcel in Mumbai

Stock Market LIVE updates: Century Textiles share price gained up to 7.36 per cent at Rs 2,528.55 per share on the BSE in Tuesday’s intraday deals. Century Textiles stock price today surged after the company acquired around 10 acres of land parcel in Worli, Mumbai.

The company plans to develop the land, through its real estate subsidiary, Birla Estates. READ MORE
 

3:04 PM

Stock Market LIVE updates: 3 PM market update

Stock Market LIVE updates: Indian benchmark indices BSE Sensex and Nifty50 were trading higher on Tuesday.

At 3:00 PM, the BSE Sensex was at 81,967, up 407 points or 0.50 per cent, while the Nifty 50 was at 25,059, up 123 points, or 0.5 per cent.

2:47 PM

Stock Market LIVE updates: Indian IT services industry to deliver 4-6% revenue growth in FY25: ICRA

Stock Market LIVE updates: The Indian IT services industry is likely to register a second consecutive year of muted revenue growth, estimated at 4-6 per cent in FY2025, but the operating profit margin is expected to be healthy, according to ICRA.

The persisting challenges and tepid topline growth notwithstanding, ICRA has forecast the industry's operating profit margin (OPM) at a healthy about 22 per cent in FY2025, with attrition levels having declined considerably and seen stabilising over the near term. READ MORE

2:32 PM

Stock Market LIVE updates: Sebi chairperson's husband received money from M&M, alleges Congress

Stock Market LIVE updates: The Congress on Tuesday made fresh allegations against Madhabi Puri Buch, chairperson of the Securities and Exchange Board of India (Sebi), and alleged that her husband Dhaval Buch received Rs 4.78 crore between 2019 and 2021 from Mahindra and Mahindra (M&M).

Sebi issued nearly four orders in matters related to M&M in the period, said Congress leader Pawan Khera. READ MORE

2:23 PM

Stock Market LIVE updates: Upcoming IPO alert! Influx Healthtech files DRHP with NSE Emerge; details

Stock Market LIVE updates: Leading contract development and manufacturing company, Influx Healthtech, has filed its Draft Red Herring Prospectus (DRHP) with NSE Emerge.

The Mumbai-based company specialises in a diverse range of products across several segments, including dietary/nutraceutical supplements, cosmetics, ayurvedic/herbal, veterinary feed supplements, and homecare segments. READ MORE
 

2:15 PM

Stock Market LIVE updates: Dixon Technologies share up after unit inks MoU with HP India; details here

Stock Market LIVE updates: Dixon Technologies stock gains: Electronics manufacturing company Dixon Technologies shares rose as much as 2.3 per cent in the morning deals on Tuesday, September 10.

The Dixon Technologies scrip logged an intraday high of Rs 12,675.1 per share on BSE. READ MORE
 

2:01 PM

Stock Market LIVE Updates: Market check; Sensex soars over 600 pts

The benchmark BSE Sensex jumped 618 points or 0.76 per cent at 82,178 levels. The rally in the index was fuelled by Infosys, Bharti Airtel and TCS zooming up to 3 per cent. 

Market Close Highlights, Tuesday, September 10, 2024: Indian benchmark equity indices closed higher on Tuesday, capping a session of steady trading, as global stocks took cues from the overnight rally in US markets, even as investors worried about the size of the interest rate cut to be announced by the Federal Reserve at its policy meeting next week.

At closing bell, the BSE Sensex, which had opened higher at 81,768.72, traded between a high of 82,196.55 and a low of 81,445.30 through the day. The 30-stock benchmark closed at 81,921, up 361 points, or 0.44 per cent.

Only eight stocks closed in the red on the index, with losses (of up to 1.77 per cent) led by Bajaj Finserv, followed by Bajaj Finance, HUL, Mahindra & Mahindra, and Tata Motors. That apart, of the 22 stocks that closed in the green, gains (of up to 2.15 per cent) were led by HCLTech, followed by Bharti Airtel, Tech Mahindra, NTPC, and Power Grid Corp.

Meanwhile, the Nifty 50, which had also opened higher at 24,999.40, traded between a high and low of 25,130 and 24,896, respectively. The 50-stock frontline index closed at 25,041, gaining 104 points, or 0.42 per cent. 

16 of the 50 stocks on the index closed in the red, with losses (of up to 4.40 per cent) led by HDFC Life, follwed by SBI Life, Shriram Finance, and the Bajaj twins. Meanwhile, of the 34 stocks that ended in the green, gains (of up to 5.23 per cent) were led by Divi's Laboratories, LTIMindtree, NTPC, Bharti Airtel, and Wipro. 

In the broader markets, the BSE SmallCap gained 1.53 per cent, while the BSE MidCap was up 0.53 per cent at close. 

However, across sectors, the Financial Services (down 0.31 per cent), PSU Bank (down 0.05 per cent), and Oil & Gas (down 0.24 per cent), were the only losers. 

Meanwhile, the Media index was the top sectoral gainer, climbing 2.69 per cent, followed by the IT, Pharma, and Healthcare indices that had gained between 1.73 per cent and 1.02 per cent, respectively.

Topics :MARKET WRAPMARKET LIVEMARKETS LIVEMarkets Sensex NiftyS&P BSE SensexNifty50Gift NiftyNSE Nifty50 benchmark indexBSE NSEMARKETS TODAYglobal stock marketstock market tradingIndian stock marketIndian stock marketsUS stock marketUS stock marketsAsia MarketsUS marketsindia market

First Published: Sep 10 2024 | 7:28 AM IST

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