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

8:41 AM

Stock Market LIVE Updates: Tracking the fields: Kharif acreage surpasses 5-year average, shows data

Stock Market LIVE Updates: The area under all kharif crops surpassed its five-year average for the week ended September 13, according to the latest data. 
 

Sowing for most crops is complete, and the final harvest of some is either entering or about to enter the markets in the coming weeks, traders said. READ MORE

 

8:40 AM

Stock Market LIVE Updates: Bajaj to TVS, legacy ICE players assert dominance in EV two-wheeler segment

Stock Market LIVE Updates: Legacy ICE players Bajaj Auto, TVS and Hero Motocorp have responded to the challenge thrown by certain two-wheeler startups -- which have forecast their demise. 

The three players are collectively close to achieving a new milestone by grabbing nearly half the electric two-wheeler market share in the second half of September till 17th, VAHAN figures suggest. READ MORE

8:39 AM

Stock Market LIVE Updates: Petroleum product exports shrink 14% in August as global demand cools

Stock Market LIVE Updates: The continuing decline in the export of refined petroleum products widened in August to 5 million tonnes (mt), according to the latest data from the Petroleum Planning and Analysis Cell.
 

Exports in this category have decreased by nearly 3 per cent to 18.1 mt in the first five months of 2024-25, largely due to sluggish diesel exports. READ MORE

 

 

8:38 AM

Stock Market LIVE Updates: India's exports shrink 9.3% in August, trade deficit at 10-month high

Stock Market LIVE Updates: India’s trade deficit widened to a 10-month high of $29.7 billion in August as imports hit a record high of $64.4 billion on doubling of gold inflows, and exports contracted for the second month in a row to $34.7 billion due to softening of oil prices and muted global demand. READ MORE

8:31 AM

Stock Market LIVE Updates: Tax change, spike in inflows revive interest in Rs 84,000-crore FoF space

Stock Market LIVE Updates: The Rs 84,000 crore domestic fund of funds (FoFs) space, which was in the doldrums over the past 18 months, has now caught the attention of investors due to a change in the tax structure in Budget 2024.

The broader category, which includes offerings across equity, debt and commodities, has seen a spike in the inflows over the past two months. READ MORE

 

8:29 AM

Stock Market LIVE Updates: Street awaits US Federal Reserve's first interest rate cut in 4 years

Stock Market LIVE Updates: To cool inflation, the US central bank raised rates 11 times between March 2022 and July 2023. After its last rate hike of 25 basis points (bps) in July 2023, pushing rates to 5.25-5.5 per cent, a 23-year high, the Fed has held rates steady. 

 

Last week, US markets, along with domestic equities, rallied sharply as expectations shifted from a conventional 25-bp cut to a more aggressive 50-bp cut. Optimism was driven by recent US economic data showing a slowdown in the labour market and cooling inflation. READ MORE

8:28 AM

Stock Market LIVE Updates: Govt asks oil firms not to hike retail prices, 3 MT of edible oil available

Stock Market LIVE Updates: The government has asked edible oil processors not to hike retail prices following recent increase in import duties, as there is enough stock of cooking oils that were shipped at a lower duty.

The food ministry said the stocks imported at lower duties would easily last 45-50 days, and therefore the processors should refrain from increasing maximum retail prices (MRP). READ MORE

 

8:27 AM

Stock Market LIVE Updates: Sharp import duty hike likely to impact margins of consumer majors

Stock Market LIVE Updates: A sharp import duty hike on edible oils -- palm, sunflower, and soy -- will significantly impact FMCG businesses. The hike is to the tune of 22 per cent. The duty has been raised from 5.5 per cent on crude oils to 27.5 per cent while that for refined oils is up from 13.75 per cent to 35.75 per cent. 

Around 95 per cent of palm and sunflower oil requirements are imported and around 70 per cent of soybean oil is also imported. READ MORE

 

8:25 AM

Stock Market LIVE Updates: Post-Covid: Households shift to equities amid attractive returns

Stock Market LIVE Updates: Households are shifting their investment more to equities, directly as well as through mutual funds (MFs), particularly after the pandemic, at the expense of deposits.

This trend is being amplified by strong returns in the equity markets in recent years, said Kotak Institutional Equities in a report. READ MORE

 

8:23 AM

Stock Market LIVE Updates: Govt slashes windfall tax on petroleum crude to nil effective Sep 18

Stock Market LIVE Updates: The government on Tuesday slashed windfall tax on domestically produced crude oil to 'nil' per tonne with effect from September 18.

The tax is levied in the form of Special Additional Excise Duty (SAED) and is notified fortnightly based on average oil prices in two weeks. READ MORE

 

8:22 AM

Stock Market LIVE Updates: Markets hinge on Jerome Powell emulating Greenspan to avoid a recession

Stock Market LIVE Updates: Traders are harking back on 1995, when Alan Greenspan led the Federal Reserve in pulling off a rare soft landing, for a playbook on trading the first interest-rate cut in four years.

Like nearly three decades ago, bonds and stocks are rallying ahead of a critical Fed meeting. But this time, the central question for Chair Jerome Powell is which approach — reducing rates by 25 basis points or 50 basis points — is most beneficial for the US economy. READ MORE

 

8:20 AM

Stock Market LIVE Updates: Gold prices climb Rs 10 to Rs 74,880, silver jumps Rs 100 to Rs 91,900

Stock Market LIVE Updates: The price of 24-carat gold climbed Rs 10 in early trade on Wednesday, with ten grams of the precious metal trading at Rs 74,880 according to the GoodReturns website. 

 

The price of silver jumped Rs 100, with one kilogram of the precious metal selling at Rs 91,900. READ MORE

 

 

8:19 AM

Stock Market LIVE Updates: Trading Strategy: Nifty Bank, Private Bank show bullish trend; key levels

Stock Market LIVE Updates: The Nifty Bank Index is in a bullish trend on the charts but is nearing a critical resistance zone between 52,275 and 52,575. 

This zone is expected to act as a near-term top, and traders should consider booking profits as the index approaches these levels. READ MORE

 

8:17 AM

Stock Market LIVE Updates: Stock Market Today - All eyes on Federal Reserve's policy decision

Stock Market LIVE Updates: Globally, the Federal Reserve's policy decision is among the biggest events driving sentiments in the domestic stock market today.

While most analysts are expecting a 25 basis points (bps) rate cut, a 50 bps rate cut cannot be ruled out. READ MORE

8:11 AM

Stock Market LIVE Updates: Oil prices gain

Stock Market LIVE Updates: Oil prices rose as the industry continued to survey the impact of Hurricane Francine on output in the US Gulf of Mexico. 

US crude settled 1.57 per cent higher at $71.19 a barrel. Brent finished the day at $73.7 per barrel, up 1.31 per cent.

That apart, the government in India slashed windfall tax on domestically produced crude oil to 'nil' per tonne with effect from September 18 on Tuesday.