Sensex extends winning run into 11th day, gains 320 pts; Nifty nears 20,200

CLOSING BELL ON SEPTEMBER 15, 2023: The BSE Sensex hit a new life-time high at 67,927, and the Nifty registered a peak at 20,222 on Friday

SI Reporter New Delhi

Stock market highlights: Benchmark indices extended their record breaking run into third straight day on Friday as the Sensex and Nifty indices surpassed the crucial levels of 67,900 and 20,200, respectively, in intraday trade.

The S&P BSE Sensex hit a new lifetime high of 67,927 during the day, before closing at 67,839, up 320 points or 0.47 per cent. The Nifty50, on the other hand, shut shop 89 points, or 0.44 per cent, higher at 20,192 after it notched a new high of 20,222 during the day.

Bajaj Auto (up 6.3 per cent), Grasim, M&M, Hero MotoCorp, HCL Tech, Eicher Motors, Tata Motors, Dr Reddy's Labs, SBI Life, Bharti Airtel, Tech M, TCS, Wipro, and HDFC Bank led the march.

Meanwhile, in the broader markets, the BSE MidCap and SmallCap indices gained 0.09 per cent and 0.3 per cent, respectively.

Among sectors, the Nifty Auto index advanced 1.6 per cent on the NSE, followed by the Nifty IT (up 0.9 per cent).

4:13 PM

Tech View :: Key levels on Nifty, Bank Nifty to watch out

Nifty50
Strong Put writing at 20,100 has further bolstered positive sentiment in the market. The trend is expected to remain positive as long as the Nifty remains above the 20,000 mark. In the short term, there is potential for the Nifty to move towards the 20,480-20,500 range on the upside.

Bank Nifty

The sentiment remains positive as the Bank Nifty approaches its all-time high. The strong presence of Put writers at 46,000 has supported the index to stay in positive territory. The trend is anticipated to stay bullish as long as the Bank Nifty remains above the 46,000 mark. In the short term, there is potential for the Bank Nifty to reach levels around 46,700 and 47,000 on the upside.

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

4:11 PM

Comment :: 'Global markets now eye US Fed, BoE, BoJ decisions'

The market is inching towards a new direction with renewed buying in auto and IT stocks in expectation of strong festive demand and a strong deal wins. Better-than-expected economic data from China and stimulus hopes further added optimism in global markets. The ECB hinted at a potential pause in rates due to receding inflation, while investors are now focused on central bank meetings next week, with the US Fed, BoE, and BoJ set to announce their rate decisions.

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

4:09 PM