Market Highlights, Sept 18: Sensex, Nifty retreat from record highs, end in red ahead of Fed outcome

Stock Market Highlights: As many as 33 constituent stocks on the Nifty50 ended in the red, dragged by TCS, Infosys, HCL Tech, Tech Mahindra, and Wipro, with a fall of up to 3.50 per cent

12:01 PM

Stock Market LIVE Updates: 12 PM market update

Stock Market LIVE Updates: Indian equity benchmark indices were trading at elevated levels after hitting fresh all-time highs in early trades on Wednesday, ahead of the much anticipated US Federal Reserve's policy decision later in the day.

At 12:00 PM, the BSE Sensex was up 164 points, or 0.20 per cent, at 83,244, while the Nifty50 was at 25,464, up 46 points, or 0.18 per cent.

11:51 AM

Stock Market LIVE Updates: New launches key to achieve sales guidance for real estate players: Antique

Stock Market LIVE Updates: Brokerage firm Antique Stock Broking reckons realty players in the sector could surpass their FY25 guidance and record another stellar performance provided the companies continue launching new projects.

"Almost all the companies need new launches to achieve their guidance or 25 per cent year-on-year (Y-o-Y) sales booking growth," Antique said. It expects new launches to gain momentum in the second half of the current financial year (H2FY25). READ MORE

 

11:45 AM

Stock Market LIVE Updates: Mphasis, Infosys fall up to 6%, Nifty IT 3% ahead of Fed rate cut decision

Stock Market LIVE Updates: Shares of information technology (IT) companies slipped up to 6 per cent on the National Stock Exchange (NSE) in Wednesday's intra-day trade as investors booked profit in the stocks ahead of a crucial Federal Reserve interest-rate decision.
 

Mphasis, Persistent Systems, Tech Mahindra, L&T Technology Services (LTTS), Infosys, Wipro, LTIMindtree, Tata Consultancy Services (TCS), Coforge, and HCL Technologies slipped in the range of 3 per cent to 6 per cent in the intraday trade. READ MORE

11:34 AM

Stock Market LIVE Updates: DCM Shriram Industries gains 4% as BSE issues clears merger proposals

Stock Market LIVE Updates: DCM Shriram share price today: Shares of DCM Shriram Industries climbed 3.8 per cent to Rs 200 per share on the BSE on Wednesday. The gain in DCM Shriram Industries share price came after the BSE issued "no adverse" observations against the companies proposed merger plan.

At 11:00AM, DCM Shriram Industries share price was trading 3.66 per cent higher at Rs 199.55 as against the Sensex's 0.21-per cent rise. READ MORE

 

11:21 AM

Stock Market LIVE Updates: REC shares gain over 3%: Here's what's fueling the 'Maharatna' stock today

Stock Market LIVE Updates: Shares of state-owned Non-Banking Finance Company (NBFC), REC, climbed 3.41 per cent to Rs 563.25 during intra-day trade on Wednesday.

The uptick in the 'Maharatna' stock price follows the news that the company has signed non-binding Memorandums of Understanding (MoUs) with RE developers aggregating about Rs 1.12 lakh crore, at the 4th Global Renewable Energy Investors Meet & Expo (RE-INVEST 2024), at Gandhinagar, Gujarat. READ MORE

 

11:08 AM

Stock Market LIVE Updates: ONGC, OIL rise up to 2.5% as govt cuts windfall tax on crude oil to nil

Stock Market LIVE Updates: Shares of oil exploration companies gained in trade on Wednesday, bucking the tepid market sentiment, as the government removed windfall tax on domestically produced crude oil, effective September 18.
 

Individually, Abans Offshore share price advanced 2.5 per cent, Hindustan Oil Exploration, and Oil India share prices rose 1.9 per cent each, ONGC share price 1.2 per cent, and Selan Exploration 1.5 per cent. By comparison, the BSE Sensex was up 26 points at 83,100 level at 9:55 AM. READ MORE

 

10:59 AM

Stock Market LIVE Updates: Nifty Financial Services at record high

- Nifty Financial Services index zoomed to record high levels of 24,308.85, led by Bajaj Finance,  and PFC.

 

-  All constituents of Nifty Financial Services were in the green, except for SBI Cards, and IDFC.

10:55 AM

Stock Market LIVE Updates: Bajaj Finance, Shriram Finance among the top gainers

Stock Market LIVE Updates: Bajaj Finance, Shriram Finance, Hero MotoCorp, HDFC Bank, and SBI Life Insurance Company were leading gains of up to 2.50 per cent among the 50 constituent stocks of Nifty50.

 

10:50 AM

Stock Market LIVE Updates: Banking, Financial Services shares lead

Stock Market LIVE Updates: Nifty Financial Services,  and Bank Nifty indices were leading the gains among the sectoral indices with a surge of over 1 per cent each.

 

10:45 AM

Stock Market LIVE Updates: Sensex, Nifty hit record high

Stock Market LIVE Updates: The Sensex surged northward to hit the record high level of 83,310.32, while the NSE Nifty50 rose to a fresh high of 25,478.60.

 

10:38 AM

Stock Market LIVE Updates: New launches key to achieve sales guidance for real estate players: Antique

Stock Market LIVE Updates: Brokerage firm Antique Stock Broking reckons realty players in the sector could surpass their FY25 guidance and record another stellar performance provided the companies continue launching new projects. READ MORE

10:32 AM

Stock Market LIVE Updates: US labour market is robust, says Timothy Moe of Goldman Sachs

- US labour market is robust

- Think growth environment is great for equities

- Fed rate cut has not been very influential on Indian markets vs other Asian peers

- India's valuation concerns holding investors back

Says Timothy Moe of Goldman Sachs to CNBC TV18

10:28 AM

Stock Market LIVE Updates: Motilal Oswal stock jumps 7%; market cap nears Rs 50,000 crore mark

Stock Market LIVE Updates: Shares of Motilal Oswal Financial Services (MOFSL) rallied 7 per cent on the BSE in Wednesday’s intra-day trade in otherwise a subdued market on positive business outlook. The stock of stock broking & allied services company hit a record high of Rs 819.95 on Wednesday, and surpassed its previous high of Rs 807.20 touched on September 6, 2024. READ MORE

10:19 AM

Stock Market LIVE Updates: Sensex, Nifty50 turn green

Stock Market LIVE Updates: After posting a negative opening, the benchmark equity indices, BSE Sensex and NSE Nifty50, turned positive. The Sensex was quoted trading at 83,090.79, up by merely 11.13 points or 0.01 per cent, while the Nifty50 traded flat at 25,419.45, up 0.90 points.

 

10:05 AM

Stock Market LIVE Updates: 'Nifty50 hourly charts call for consolidation or dip'

- Daily charts are evenly poised despite being overbought in some oscillators. However, hourly charts do call for a consolidation or a dip. Towards this end, we will see a slippage past the congestion support of 25,405 to initiate a play on a downmove aiming 25,276 or 25,200.

- Collapse beyond the same is not expected today, but we could equally expect momentum to ease off should we get into the 25,500-800 region.

 

View by: Anand James, Chief Market Strategist, Geojit Financial Services