_media/bs/ado/article-speech/123091200101-1694515033752.mp3

Closing Bell on September 12, 2023: Among sectors, the Nifty Media index declined nearly 4 per cent, the Nifty Metal index nearly 3 per cent, and the Nifty PSU Bank and Auto indices up to 2.5 per cent

stocks, shares, market, sensex, nifty, BSE, INVESTORS, BROKERS

<div>
	<strong>Stock market highlights:</strong> Equity markets were volatile and ended mixed on Tuesday as investors chose to stay on the sidelines ahead of the release of the consumer price index (CPI)-based inflation data later today, and amid profit booking.&nbsp;</div>
<br />
<div>
	The S&P BSE Sensex hit an intraday high of 67,539 and a low of 66,948, before ending at 67,221, up 94 points or 0.14 per cent. The Nifty50, on the other hand, shut shop at 19,993, down 3 points or 0.02 per cent. The index claimed a new lifetime high of 20,110 in intra-day trade.</div>
<br />
<div>
	The broader markets, meanwhile, saw their steepest one-day decline this calendar year with the BSE MidCap and SmallCap indices shedding 3 per cent and 4 per cent, respectively, at close.</div>
<br />
<div>
	Among sectors, the Nifty Media index declined nearly 4 per cent, the Nifty Metal index nearly 3 per cent, and the Nifty PSU Bank and Auto indices up to 2.5 per cent. On the upside, the Nifty IT and Pharma were the only indices that eked out gains today, rising up to 1 per cent.&nbsp;</div>
<br />
<div>
	<strong>Buzzing stocks</strong></div>
<div>
	<strong>Auto stocks</strong>: Shares of auto companies, mainly diesel vehicle makers, slipped in intra-day deals on Tuesday, after Nitin Gadkari, Minister of Road Transport and Highways of India, said he planned to approach the Finance Minister Nirmala Sitharaman with an additional tax proposal on diesel vehicles of 10 per cent. <a href="https://www.business-standard.com/markets/news/auto-index-tanks-3-on-talks-of-additional-10-tax-on-diesel-vehicles-123091200429_1.html" target="_blank"><strong>READ MORE</strong></a></div>
<br />

Mid, SmallCap indices sink up to 4% ahead of CPI inflation; benchmarks flat

Business Standard

Mid, SmallCap indices sink up to 4% ahead of CPI inflation; benchmarks flat | News on Markets - Business Standard

Dollar index weakens after an 8-week winning streak

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/1694486703674.png

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16944865765867.png

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16944863118183.png

Gift Nifty futures hint Nifty50 index may reach for 20,100

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16944861508104.png

Nasdaq gains led by Tesla, Qualcomm rally on Monday

&gt;&gt; Tesla stock jumped 10% after Morgan Stanley upgraded the stock on its breakthroughs with its autonomous software.<br />
<br />
&gt;&gt; Qualcomm shares rose nearly 4% after the company said it will supply Apple with 5G modems for smartphones through 2026.

US stock futures decline as traders come off positive sentiment on Wall St

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16944851946175.png

Asian stocks inch lower despite Wall Street gains

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16944848636841.png

US markets gain led by tech rally on Monday

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16944847375751.png

Good morning readers! Catch all live market updates here with Business Standard

Catch all live market updates here with Business Standard

Currency check : Rupee ends higher at 82.92/$

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16945144153378.png

Broader markets drown in losses amid profit booking

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16945135377156.png

Sectoral trends :: Media, Metal stocks sink; IT outshines

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16945134768438.png

Sensex Heatmap :: TCS, L&T, Infy lend support to 30-pack index

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16945133624945.png

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16945132731991.png

CLOSING BELL :: Sensex eke out less than 100-point gain post choppy session

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16945131899897.png

Sebi hid facts, slept over DRI's letter on stock manipulation by Adani: PIL

Jaiswal&#39;s affidavit said that while the investigation against the Adani group was going on in the over-invoicing case, DRI sent a letter to the then Sebi chairperson in 2014 alerting him that the group may be committing stock market manipulation using the money allegedly siphoned off using the modus operandi of over-valuation in the import of power equipment. <a href="https://www.business-standard.com/companies/news/sebi-hid-facts-slept-over-dri-s-letter-on-stock-manipulation-by-adani-pil-123091200318_1.html" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-04/12/full/1681301878-9098.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 450px;" title="" /></div>
<br />

TCS gains 3%, hits 52-week high in range-bound market

In the past two trading days, TCS has gained 4 per cent after the company partnered with Dassault Systems through its Living Heart Project that unites an ecosystem of cardiovascular researchers, educators, medical device developers, regulatory agencies including US FDA, and practicing cardiologists to develop and validate realistic digital simulations of the human heart. <a href="https://www.business-standard.com/markets/news/tcs-gains-3-hits-52-week-high-in-range-bound-market-123091200500_1.html" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-04/19/full/1681892675-9443.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 338px;" title="" /></div>
<br />

ALERT :: No proposal of additional tax on diesel vehicles under consideration currently, clarifies Gadkari

<blockquote class="twitter-tweet">
	<p dir="ltr" lang="en">
		There is an urgent need to clarify media reports suggesting an additional 10% GST on the sale of diesel vehicles. It is essential to clarify that there is no such proposal currently under active consideration by the government. In line with our commitments to achieve Carbon Net&hellip;</p>
	&mdash; Nitin Gadkari (@nitin_gadkari) <a href="https://twitter.com/nitin_gadkari/status/1701501884324860043?ref_src=twsrc%5Etfw">September 12, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Auto index tanks 3% on talks of additional 10% tax on diesel vehicles

<div>
	Shares of auto companies, mainly diesel vehicle makers, slipped in intra-day deals on Tuesday, after Nitin Gadkari, Minister of Road Transport and Highways of India, said he planned to approach the Finance Minister Nirmala Sitharaman with an additional tax proposal on diesel vehicles of 10 per cent. <a href="https://www.business-standard.com/markets/news/auto-index-tanks-3-on-talks-of-additional-10-tax-on-diesel-vehicles-123091200429_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="Experts further said that retail investors should be clear on whether they are taking short-term positions based on the sentiment or investing for the long term." src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-08/26/full/1629923631-718.jpg?im=FeatureCrop,size=(826,465)" style="width: 600px; height: 338px;" /></a></div>

BSE Smallcap index slips 4%, records sharpest intra-day fall of 2023 so far

<div>
	Total 22 stocks from the Smallcap index including Suzlon Energy, GMR Power, Reliance Infra, PTC Ind, Genus Power, Patel Engg and HPL Electric were locked at their respective lower circuits on the BSE. <a href="https://www.business-standard.com/markets/news/bse-smallcap-index-slips-4-records-sharpest-intra-day-fall-of-2023-so-far-123091200412_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="stocks brokers, markets, sensex, nifty, stock market" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-05/31/full/1685523932-3124.jpg?im=FeatureCrop,size=(826,465)" style="width: 600px; height: 338px;" /></a></div>

Lemon Tree Hotels rallies 15% in 4 days on signing new property in Shimla

The management said the outlook for Lemon Tree Hotels remains promising, with healthy occupancy rates and higher average room rates (ARRs). <a href="https://mybs.in/2cHke5L" rel="nofollow" target="_blank"><strong>READ MORE</strong></a><br />
<br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Lemon Tree hotels" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2018-12/31/full/1546273501-9333.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Lemon Tree hotels" width="620" /></div>

ALERT:: Gadkari to propose addtl 10% tax on diesel vehicles; Tata Motors, M&M slip

Roadways Transport and Highways minister Nitin Gadkari to propose 10% addtional pollution tax on diesel vehicles. <a href="https://www.business-standard.com/economy/news/india-to-consider-additional-10-tax-on-diesel-engine-vehicles-gadkari-123091200331_1.html" target="_blank"><strong>READ MORE</strong></a><br />
<br />
<div style="float: left;">
	<img align="left" alt="chart" class="imgCont" height="400" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-09/12/full/1694500634-1203.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="603" /></div>
<br />

Bank of India up 3% on heavy volumes; nears 52-week high on healthy outlook

Going ahead, bank targets advance growth of 11- 12 per cent in FY24-25E with continued focus on retail/ MSME segment. <a href="https://www.business-standard.com/markets/news/bank-of-india-up-3-on-heavy-volumes-nears-52-week-high-on-healthy-outlook-123091200240_1.html?1694495780" target="_blank"><strong>READ MORE</strong></a><br />
<br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Bank of India" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-07/04/full/1688465168-7944.jpeg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 324px;" title="Bank of India" /></div>
<br />

Nifty at 21,000 by Diwali? It's possible, say technical analysts

Thus far in calendar year 2023 (CY23), the S&amp;P BSE Sensex and the Nifty 50 have seen a good run with both the indices surging nearly 10 per cent during this period. <a href="https://www.business-standard.com/markets/news/nifty-at-21-000-by-diwali-it-s-possible-say-technical-analysts-123091200139_1.html" target="_blank"><strong>READ MORE</strong></a><br />
<br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="stock markets, Nifty50" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-07/08/full/1657224630-7416.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="stock markets, Nifty50" width="620" /></div>
<br />

L&T turns ex-date for buyback; zooms 4% on raising buyback price to Rs 3200

The company has revised the buyback price upwards from Rs 3,000 per share to Rs 3,200 per share. <a href="https://www.business-standard.com/markets/news/l-t-up-4-on-hike-in-buyback-price-to-rs-3-200-trades-ex-date-for-buyback-123091200173_1.html" target="_blank"><strong>READ MORE</strong></a><br />
<br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Larsen &amp; Toubro" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-06/13/full/1686645718-7795.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 393px;" title="Larsen &amp; Toubro" /></div>
<br />

Market check:: Sensex slips into red, down over 500 pts from record high

BSE SmallCap Heatmap:: Index tanks 2.7%; Texmaco Rail plunges 14%

BSE MidCap Heatmap:: Index sheds 1.5%; Voda Idea, GR Infra dip 5%

Stock Alert:: Power Grid down 1%; trades ex-bonus

The company had declared 1:3 bonus issue, i.e. one free share for every three shares held.<br />
<br />
<div style="float: left;">
	<img align="left" alt="chart" class="imgCont" height="398" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-09/12/full/1694492171-6529.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="603" /></div>
<br />

Market check:: 18 Sensex stocks in red; NTPC, Tata Motors, Power Grid top laggards

ALERT:: L&T hits new high, up 3.5% after company raises buyback price

Larsen &amp; Toubro (L&amp;T) has raised its proposed buyback price to Rs 3,200 per share from Rs 3,000 earlier. At the revised price, the company shall be able to buyback a maximum of 3.12 crore shares, representing 2.22 per cent of the total equity.<br />
<br />
<div style="float: left;">
	<img align="left" alt="chart" class="imgCont" height="398" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-09/12/full/1694491513-8366.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="603" /></div>
<br />

BSE MidCap Heatmap:: SJVN soars 8%; IRFC, L&T Finance rally up to 5%

Market Check:: Broader indices move in tandem with benchmark Nifty50

Market Check:: L&T leads early charge; ICICI Bank, JSW Steel shine

Market check:: Sensex gains over 300 pts in opening deals

CURRENCY ALERT: Rupee opens 9 paise stronger at 82.94/$

WATCH | Nifty hits 20k: What will be the next pit stop?

<div>
	It has been a good run for the markets in the past few weeks as Nifty scaled up to hit the 20,000 mark for the first time ever. Ajit Mishra of Religare Broking shares what the technical charts suggest.</div>
<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="460" scrolling="no" src="https://www.youtube.com/embed/CfcUhI7ALG0" title="Nifty hits 20k: What will be the next pit stop?" width="600"></iframe>

Opinion: Why small and microcaps are rocketing

An extraordinary bullishness has gripped a segment of the Indian market. While the larger companies are merely chugging along, the stock prices of smaller companies are shooting up like wild weeds for the sixth month running. From early April, when the current rally started, the Nifty50 is up only 14.1 per cent while the Nifty500 has gone up 19.7 per cent. <a href="https://www.business-standard.com/opinion/columns/why-small-and-micro-caps-are-rocketing-123091101071_1.html" target="_blank"><strong>READ</strong><br />
<img alt="stock, markets, stocks, equity, shares, bse, fund, mutual fund stock picks" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-03/07/full/1678207723-6934.jpg?im=FeatureCrop,size=(826,465)" style="width: 600px; height: 338px;" /></a>

Bucking the emerging market trend: India mcap nears another peak

<div>
	While New Delhi was in the global spotlight this past weekend as Prime Minister Narendra Modi successfully hosted world leaders at the G-20 summit, in Mumbai the stock market hit an all-time high valuation of $3.8 trillion. <a href="https://www.business-standard.com/markets/news/bucking-the-emerging-market-trend-india-mcap-nears-another-peak-123091101388_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="BSE, NSE, Sensex, Nifty, stock markets" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-04/10/full/1681113155-9159.jpg?im=FeatureCrop,size=(826,465)" style="width: 600px; height: 338px;" /></a></div>

Nifty Fin Services, PSU Bank: Time to ride the bullish wave, suggest charts

The Nifty Financial Services Index is on the move, and the near-term charts are painting a distinctly bullish picture. Currently holding at 20,305.30, the index is poised for what could be an exciting journey ahead. <a href="https://www.business-standard.com/markets/news/nifty-fin-services-psu-bank-time-to-ride-the-bullish-wave-suggest-charts-123091200105_1.html" target="_blank"><strong>READ</strong><br />
<img alt="stock markets, Nifty50" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-07/08/full/1657224630-7416.jpg?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></a>

Stocks to Watch, Sep 12: L&T, RIL, Lupin, Hindalco, TVS Supply, Power Grid

<div>
	<strong>Larsen &amp; Toubro (L&amp;T): </strong>The company has raised its proposed buyback price to Rs 3,200 per share from Rs 3,000 earlier. At the revised price, the company shall be able to buyback a maximum of 3.12 crore shares, representing 2.22 per cent of the total equity.</div>
<div>
	&nbsp;</div>
<div>
	<strong>Reliance (RIL): </strong>Private equity firm KKR to buy additional 0.25 per cent stake in RIL&rsquo;s retail arm - Reliance Retail Ventures for Rs 2,069.5 crore, thus increasing its overall stake in the retail subsidiary from 1.17 per cent to 1.42 per cent.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Steel stocks: </strong>India on Monday imposed an anti-dumping duty on some Chinese steel for five years, according to a government notification, following concern raised by the steel industry over potential dumping by Chinese sellers. <a href="https://www.business-standard.com/markets/news/stocks-to-watch-sep-12-l-t-ril-lupin-hindalco-tvs-supply-power-grid-123091200094_1.html" target="_blank"><strong>READ MORE</strong><br />
	<img alt="markets, indian markets, bse, nse, share markets, stock markets" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-01/26/full/1643136693-0446.jpg?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></a></div>