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CLOSING BELL ON SEPTEMBER 07, 2023: The S&P BSE benchmark index has now gained 1,434 points, and the Nifty 473 points in the last five straight trading sessions.

Sensex, Nifty, stock market, BSE, NSE

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	<strong>Stock Market Highlights: </strong>Domestic equity markets finished on a strong note for the fifth straight trading session on Thursday after overcoming the initial volatility caused by jittery global markets. Today&#39;s rally was led by index heavyweight Larsen & Toubro (L&T), banks and select IT stocks.</div>
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	The S&P BSE Sensex slipped to a low of 65,672 in intra-day deals; the index, however, recouped losses and thereafter bounced back into the positive zone. As the buying picked momentum in late noon deals the BSE benchmark rallied to a high of 66,297 &ndash; up 625 points from the day&rsquo;s low.&nbsp;</div>
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	The Sensex eventually ended the day with a solid gain of 385 points at 66,266. In the process, the BSE index has now rallied 1,434 points in the last five straight trading days.</div>
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	The NSE Nifty hit a high at 19,737, and signed-off the day 116 points higher at 19,723. The 50-share index has vaulted 473 points in the last five sessions.</div>
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	Larsen & Toubro was the star performer in trades on Thursday. The stock scaled a record high of Rs 2,855, and ended with a gain of over 4 per cent. The company&rsquo;s market cap also topped the Rs 4 trillion mark today. <a href="https://mybs.in/2cHiLB0" rel="nofollow" target="_blank"><strong>READ MORE</strong></a></div>
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	Among banking&nbsp; shares in the Sensex-30, IndusInd Bank, SBI, Axis Bank, Kotak Bank and HDFC Bank advanced 1 &ndash; 2 per cent each. Tech Mahindra, HCL Technologies, Power Grid Corporation, NTPC, Wipro and TCS were the other prominent gainers.&nbsp;</div>
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	On the flip side, Sun Pharma, Infosys, Mahindra & Mahindra, UltraTech Cement and Hindustan Unilever were the notable losers.</div>
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		In the broader market, the BSE MidCap and SmallCap indices hit record highs, and settled with gains of 0.8 per cent and 0.4 per cent, respectively. The recent rally seems to be ignoring spurt in Crude Oil prices. <a href="https://www.business-standard.com/markets/news/mid-smallcap-indices-hit-record-high-why-are-markets-ignoring-oil-prices-123090700316_1.html " target="_blank"><strong>READ MORE</strong></a></div>
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		<strong>Primary Market Update</strong></div>
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		Jupiter Life Line Hospitals was subscribed up to 2.2 times as of 03:30 PM on Day 2 of the offer period. Retail quota saw bids up to 2.5 times, demand from the HNIs segment totaled 4.2 times.<br />
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Sensex soars 385 pts, ends atop 66K; Nifty reclaims 19,700; L&T, banks lead

Business Standard

Sensex soars 385 pts, ends atop 66K; Nifty reclaims 19,700; L&T, banks lead | News on Markets - Business Standard

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Commodity check :: Brent crudes moves towards $91/bbl

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ALERT :: India hopes to have FTAs with ASEAN countries, says PM Modi

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">LIVE: PM <a href="https://twitter.com/narendramodi?ref_src=twsrc%5Etfw">@narendramodi</a> addresses 20th ASEAN-India summit in <a href="https://twitter.com/hashtag/Jakarta?src=hash&amp;ref_src=twsrc%5Etfw">#Jakarta</a><a href="https://twitter.com/hashtag/ASEANSummit?src=hash&amp;ref_src=twsrc%5Etfw">#ASEANSummit</a> <a href="https://twitter.com/hashtag/EastAsiaSummit?src=hash&amp;ref_src=twsrc%5Etfw">#EastAsiaSummit</a><a href="https://t.co/HwL2Rvp9MP">https://t.co/HwL2Rvp9MP</a> <a href="https://t.co/H8ljE5iYUG">pic.twitter.com/H8ljE5iYUG</a></p>&mdash; DD News (@DDNewslive) <a href="https://twitter.com/DDNewslive/status/1699609145060536321?ref_src=twsrc%5Etfw">September 7, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

ALERT :: PM Modi addresses at ASEAN Summit

&gt;&gt; 21st century belongs to ASEAN countries<br />
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&gt;&gt; India&#39;s Act East policy pivotal<br />
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&gt;&gt; Collective efforts needed in every sector<br />
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US index futures show extended weakness on Wall Street

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Wall Street sank overnight amid rate hike fears

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Welcome to Business Standard&#39;s LIVE blog<br />
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Track all the latest, markets-related updates here

Currency check :: Rupee ends weaker at 83.21/$

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Broader markets extend rally; Mid, SmallCap indices hit new peaks in intraday trade

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Sectoral trends :: Most indices gain 1% each; FMCG, Metal, Pharma only losers

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Sensex Heatmap :: L&T, banks lead charge on 30-pack index

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CLOSING BELL :: Sensex stages smart recovery in afternoon deals

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Tiger Logistics wins order from Bharat Earth Movers; stock leaps 9%

Shares of Tiger Logistics jumped 9.1 per cent to Rs 394 apiece on the BSE in Thursday&#39;s intraday trade after the logistics firm bagged order from Bharat Earth Movers Limited (BEML). <a href="https://mybs.in/2cHiLFI" rel="nofollow" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="stock market, markets, brokers, trading, nse, bse, sensex, nifty, rally, coronavirus, covid, lockdown" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-02/09/full/1612811807-2748.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="stock market, markets, brokers, trading, nse, bse, sensex, nifty, rally, coronavirus, covid, lockdown" width="620" /></div>
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J&K Bank hits highest level since August 2015; stock zooms 47% in 1 month

The improving business and socio-political environment in the two union territories that is aiding tourism, agriculture and small businesses adds to the bank&#39;s proposition, as per India Ratings. <a href="https://mybs.in/2cHiLEH" rel="nofollow" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Stock market rally, bull trading, Sensex, nifty" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-03/04/full/1614804310-798.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Stock market rally, bull trading, Sensex, nifty" width="620" /></div>
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Responsive Industries hits record high on order win from Indian Railways

Responsive Industries said bagging two of the nation&#39;s most prestigious rail projects -- Garid Rath and Vande Bharat -- underscores the company&#39;s unparalleled expertise. <a href="https://mybs.in/2cHiLEL" rel="nofollow" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Source: Indian Railways Twitter grab" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-09/04/full/1662270244-6482.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="indian railways, IRCTC, Cancellation" width="620" /></div>

Coal India surges 6%; hits over 4-year high on heavy volumes

Analysts believe Coal India is likely to gain from operating leverage benefits accruing from higher sales volume for both NRS and e-auction customers, despite much lower e-auction premium than in FY23. <a href="https://mybs.in/2cHiLCY" rel="nofollow" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="The coal entrepreneurs seem to have cottoned on to the fact that there is no doomsday arriving for the sector anytime soon" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-02/09/full/1675959101-5838.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Coal" width="620" /></div>

ALERT: Deepak Fertilisers zooms 4% as China suspends urea exports

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	As per Bloomberg, China has asked some fertilizer producers to suspend urea exports after domestic prices jumped, a move that&#39;s likely to restrict global supplies.</div>

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Mid, smallcap indices hit record high. Why are markets ignoring oil prices?

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	The markets seem to be ignoring the rise in crude oil prices, which have shot up over $90 a barrel (bbl) this week &ndash; up nearly 5 per cent in the last one month and around 9 per cent in the last fortnight alone &ndash; amid supply cuts by Saudi Arabia and Russia. <a href="https://www.business-standard.com/markets/news/mid-smallcap-indices-hit-record-high-why-are-markets-ignoring-oil-prices-123090700316_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="Stock market" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-08/07/full/1691380420-4084.jpg?im=FeatureCrop,size=(826,465)" style="width: 600px; height: 338px;" /></a></div>

India's $775 bn stock boom at risk as small caps show signs of overheating

The rally in Indian equities that has swelled the market&rsquo;s total valuation by $775 billion in a little more than five months has been accompanied by a notable shift in investor preference to smaller stocks. <a href="https://www.business-standard.com/markets/news/india-s-775-bn-stock-boom-at-risk-as-small-caps-show-signs-of-overheating-123090700295_1.html" target="_blank"><strong>READ</strong><br />
<img alt="NSE, Stock market" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-09/07/full/1694067433-5195.jpg?im=FeatureCrop,size=(826,465)" style="width: 600px; height: 338px;" /></a>

Ashok Leyland, REC: 5 Nifty 500 stocks that can slip 10% from here on

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	Despite the current bouyancy, factors such as spurt in Crude Oil prices, weakening Rupee, FII selling and the possibility of a longer-than-expected regime for high interest rates given the sticky inflation remain a worry for the markets.</div>
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	Given this scenario, here are 5 stocks from the Nifty 500 that could potentially see up to 10 downside from here on. <a href="https://www.business-standard.com/markets/news/ashok-leyland-rec-5-nifty-500-stocks-that-can-slip-10-from-here-on-123090700300_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="Markets, stocks, buy, sell, trading, shares, stock market" src="https://bsmedia.business-standard.com/_media/bs/img/misc/2021-05/20/full/markets-stocks-buy-sell-trading-shares-stock-market-1621493543-09722620.jpg?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></a></div>

Larsen & Toubro gains 2%, hits new high ahead of record date for buyback

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	Shares of Larsen &amp; Toubro (L&amp;T) hit a new high of Rs 2,787.65, up 2 per cent on the BSE in Thursday&#39;s intraday trade, ahead of the record date for buyback. In comparison, the S&amp;P BSE Sensex was trading flat (up 0.05 per cent) at 65,912 at 11:05 AM. <a href="https://www.business-standard.com/markets/news/larsen-toubro-gains-2-hits-new-high-ahead-of-record-date-for-buyback-123090700260_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="Larsen and Toubro" src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-09/08/full/1567957829-657.jpg?im=FeatureCrop,size=(826,465)" style="width: 600px; height: 338px;" /></a></div>

Tata Consumer dips 3% after it denies 51% stake buy buzz in Haldiram's

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	Shares of Tata Consumer Products (TCPL) dipped 3 per cent to Rs 853.85 on the BSE in Thursday&#39;s intra-day trade after the company refuted reports that said it is in talks to acquire a majority 51 per cent stake in the snack and sweet brand Haldiram&#39;s. <a href="https://www.business-standard.com/markets/news/tata-consumer-dips-3-on-profit-booking-after-denies-buyout-of-haldiram-123090700222_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="Tata Consumer to replace Gail India in Nifty 50 effective March 31" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-02/23/full/1614090997-3035.jpg?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></a></div>

Cochin Shipyard surges 15%, hits new high in weak market on strong outlook

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	Shares of Cochin Shipyard (CSL) hit a new high of Rs 1,096.85 as they surged 15 per cent on the BSE in Thursday&#39;s intra-day trade, in an otherwise weak market, on strong business outlook. In comparison, the S&amp;P BSE Sensex was down 0.11 per cent at 65,807 at 09:58 AM. In the past three months, the stock of the state owned company has zoomed 98 per cent. <a href="https://www.business-standard.com/markets/news/cochin-shipyard-surges-15-at-new-high-in-weak-market-on-strong-biz-outlook-123090700188_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="Cochin Shipyard" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-02/23/full/1614102400-163.jpg?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></a></div>

Tata Consumer top Nifty loser, falls 2% on refuting Haldiram acquisition reports

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Dr Reddy's, Adani Ports, Coal India lead Nifty gainers

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HEATMAP: SBI, Bharti Airtel defy weakness; JSW Steel top laggard

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OPENING BELL: Sensex opens with nominal losses

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CURRENCY ALERT: Rupee opens at 83.12/$ vs Wednesday’s close of 83.13/$

NSE-BSE IFSC units may file merger plea before NCLT by September-end

Insiders suggest the possibility of an all-share amalgamation of arch rivals <a href="https://www.business-standard.com/markets/news/nse-bse-ifsc-units-may-file-merger-plea-before-nclt-by-september-end-123090600907_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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WATCH :: Does the rally in Vodafone Idea stock have more legs?

Human-centric globalisation: Taking G20 to the last mile

India&#39;s presidency is a testament to its commitment to fostering unity, bridging divides and making the global table larger to ensure every voice is heard <a href="https://www.business-standard.com/opinion/columns/human-centric-globalisation-taking-g20-to-the-last-mile-123090700092_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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India’s consumer market set to become the world’s third largest by 2027

&gt;&gt; India&rsquo;s consumer market is set to become the world&rsquo;s third largest by 2027 as the number of middle to high-income households rise, according to a report by BMI.<br />
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	&gt;&gt; The growth in India&rsquo;s household spending per capita will outpace that of other developing Asian economies like Indonesia, the Philippines and Thailand at 7.8% year-on-year, the report said.</div>
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	&gt;&gt; The country&rsquo;s ongoing urbanization will also help boost consumer spending as companies can more easily access consumers and open more physical retail stores to cater to them.<br />
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	<em>Source: CNBC</em></div>

Gift Nifty suggests muted start for D-Street

&gt;&gt; The index is down 32 points from Nifty Futures&#39; last close<br />
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Sensex soars 385 pts, ends atop 66K; Nifty reclaims 19,700; L&T, banks lead

CLOSING BELL ON SEPTEMBER 07, 2023: The S&P BSE benchmark index has now gained 1,434 points, and the Nifty 473 points in the last five straight trading sessions.

ALERT :: Dollar index touches 105-mark

Commodity check :: Brent crudes moves towards $91/bbl

ALERT :: India hopes to have FTAs with ASEAN countries, says PM Modi

ALERT :: PM Modi addresses at ASEAN Summit

US index futures show extended weakness on Wall Street

Wall Street sank overnight amid rate hike fears

Broad-based weakness grips Asian markets

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