Sensex, Nifty end flat after hitting record highs; broader indices gain 1%

Closing Bell on September 14, 2023: Sectorally, the Nifty PSU Bank index gained 1.64 per cent, the Nifty Metal index added 1.5 per cent, and the Nifty Realty eked out gains of 1.4 per cent

4:11 PM

Tech View :: 'Buy on dip' strategy prudent for Nifty, Bank Nifty

Nifty50
Nifty remained range-bound throughout the day as the index failed to deliver any decisive breakout from the recent range. The "buy on dips" strategy is expected to be the preferred approach until Nifty falls below 19,900 decisively. On the upside, call writers at 20,100 are likely to defend the index against further upward movement. A sustained trade above 20,100 could potentially trigger a significant rally in the short term.

 

Bank Nifty

Bank Nifty remained range-bound throughout the day as the index failed to deliver a decisive breakout above 46,000. The index continues to be a "buy on dips" as long as it stays above 45,500. Nevertheless, a sustained rally could materialize if Bank Nifty decisively breaches the 46,000 mark.

Views by: Rupak De, Senior Technical analyst at LKP Securities

4:04 PM

Comment :: 'Investors should focus on stock selection, prefer index majors'

The rotational buying across sectors is helping the index to inch gradually higher amid mixed global cues. We are eyeing 20,300 in the Nifty and expect the 19,800-19,950 zone to offer cushion in case of any dip. Meanwhile, participants should maintain their focus on stock selection and prefer index majors. 

Views by: Ajit Mishra, SVP - Technical Research, Religare Broking

3:57 PM

Comment :: Which factors will likely cap the market rally?

The market traded range-bound after touching a new high as slightly higher-than-expected US inflation and anticipation of hawkish ECB policy meetings later today impacted investor sentiment. Concern over valuation and inflation trajectory due to increasing oil prices may navigate the market into a consolidation phase in the near-term.

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

3:55 PM

Currency check :: Rupee ends at 83.03/$ against Wednesday’s close of 82.99/$

3:54 PM

BSE Stats :: Advance-Decline ratio firm at 2:1

3:51 PM

Market Check :: Top losers on the BSE today

3:49 PM

Market Check :: Top gainers on the BSE today

3:48 PM

Sector check :: Nifty Metal index gains amif hefty buying in Welspun, NMDC

3:46 PM

Sector check :: PSU Bank index hits new high again, ends atop 5,000-mark

3:44 PM

Sector check :: FMCG index ends lower as WPI inflation rises in August

3:42 PM

Sectoral trends :: All but FMCG, Media indices gain Thursday

3:39 PM

Sensex Heatmap :: M&M, Tata Steel shine in a range-bound session

3:37 PM

CLOSING BELL :: Nifty ends atop 20,100

3:36 PM

CLOSING BELL :: Sensex ends 50 pts higher, hits record high of 67,771 intraday

3:27 PM

MF tracker: Maximum decline seen in financial stocks in August 2023

Domestic institutional investors recorded notable inflows of $3 billion in August 2023 after remaining muted for the last four months. FIIs remained net buyers for the sixth consecutive month at $1.7 billion in August 2023; while year-to-date inflows stood at $16.4 billion. READ MORE