Market Highlights, Sept 26: Record Highs! Sensex up 666pts; Nifty ends atop 26,200; Auto, metal zoom
Stock Market Highlights: Benchmark equity indices, the BSE Sensex and NSE Nifty50, scaled fresh highs before ending at new closing high levels on Thursday
 "Market Investors, markets")
Stock Market Highlights, Thursday, September 26, 2024: Indian benchmark indices BSE Sensex and NSE Nifty50 extended their northward march for another day, scaling fresh peaks before ending Thursday's trading session at record-high closing levels.
The Sensex added as much as 666.25 points, or 0.78 per cent, to settle at 85,836.12. The index conquered a new peak of 85,930.43, just 70 points shy of 86,000, during intraday trade.
Nifty50 also joined the rally, scaling an all-time high of 26,250.90 before ending Thursday's session with a gain of 211.90 points, or 0.81 per cent, at 26,216.05.
Thursday ended in favour of the bulls, as many as 41 out of 50 constituent stocks of Nifty50 ended in the green, with the gains led by Maruti Suzuki India, Grasim Industries, Tata Motors, Shriram Finance, and Bajaj Finserv, with gains of up to 4.48 per cent. Conversely, Cipla, ONGC, Larsen & Toubro, Hero MotoCorp, and NTPC were among the 9 stocks that ended lower, with a loss of up to 1.47 per cent.
Thursday ended in favour of the bulls, as many as 41 out of 50 constituent stocks of Nifty50 ended in the green, with the gains led by Maruti Suzuki India, Grasim Industries, Tata Motors, Shriram Finance, and Bajaj Finserv, with gains of up to 4.48 per cent. Conversely, Cipla, ONGC, Larsen & Toubro, Hero MotoCorp, and NTPC were among the 9 stocks that ended lower, with a loss of up to 1.47 per cent.
Among the broader indices, Midcap stocks ended in the green with the Nifty Midcap 100 index ending higher by 0.10 per cent. The Nifty Smallcap 100 index, on the other hand, ended in the red, down 0.50 per cent.
The fear index, India VIX, ended 7.12 per cent lower at 11.84.
Auto and Metal indices outperformed the other sectoral indices, each ending over 2 per cent higher. The remaining sectoral indices also ended higher, barring Consumer Durables, and select Healthcare.
3:52 PM
![]()
Stock Market Comment: Nifty, Bank Nifty key levels to watch
Key levels for Nifty50 index
On the daily charts, we can observe that the Nifty is heading towards the upper end of the rising channel at around 26,560. Divergence on the momentum indicator suggests that caution should be maintained on the longs.
Until there is evidence of weakness on the pricing front, we shall continue to ride the uptrend with a trailing stop-loss mechanism which should be maintained with 26,000.
On the daily charts, we can observe that the Nifty is heading towards the upper end of the rising channel at around 26,560. Divergence on the momentum indicator suggests that caution should be maintained on the longs.
Until there is evidence of weakness on the pricing front, we shall continue to ride the uptrend with a trailing stop-loss mechanism which should be maintained with 26,000.
Key levels for Bank Nifty
Bank Nifty broke out of the sideways consolidation 53,800 – 54,300 on the upside. We expect the momentum to continue towards 55,000. Support base shifts higher towards 54,000 – 53,900.
Views by: Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas
Views by: Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas
3:50 PM![]()
Stock Market Comment: 'India stock market anticipating strong corporate earnings recovery in H2FY25'
China's recent economic stimulus announcement has greatly enhanced investor confidence, resulting in significant positive momentum in global markets, especially within Asian indices. Moreover, the market is maintaining an optimistic outlook in response to stable US economic data.
Concurrently, the Indian market is reaching new highs, anticipating a strong recovery in corporate earnings for the H2FY25, fuelled by expected government expenditure. Notably, this rally is led by large-cap stocks, which are more fairly valued compared to mid and small caps, which are exhibiting signs of fatigue.
Views by: Vinod Nair, Head of Research, Geojit Financial Services.
Concurrently, the Indian market is reaching new highs, anticipating a strong recovery in corporate earnings for the H2FY25, fuelled by expected government expenditure. Notably, this rally is led by large-cap stocks, which are more fairly valued compared to mid and small caps, which are exhibiting signs of fatigue.
Views by: Vinod Nair, Head of Research, Geojit Financial Services.
3:48 PM
Rupee Close Today: Rupee ends weaker vs US dollar today
>> Rupee ends st 83.64 per US dollar on Thursday
>> Rupee weakens by 4 paise
>> Rupee weakens by 4 paise
3:44 PM
Stock Market Close Highlights: Broader market indices settle with losses
Stock Market Close LIVE Updates: BSE MidCap and SmallCap indices suffer losses
>> BSE MidCap index slips 0.01% and the BSE SmallCap index drops 0.39%
>> BSE MidCap index slips 0.01% and the BSE SmallCap index drops 0.39%
3:42 PM
Stock Market Close Highlights: All sectoral indices clock gains; Auto, Metal indices shine
Stock Market Close LIVE Updates: All sector indices on NSE gain today
>> Nifty Auto, and Metal indices climb 2% each
>> Nifty PSU Bank index added 1%
>> Nifty Auto, and Metal indices climb 2% each
>> Nifty PSU Bank index added 1%
3:39 PM
Stock Market Close Highlights: 26 of 30 Sensex stocks settle with gains
Stock Market Close LIVE Updates: 26 of the 30 Sensex stocks ended higher
>> Maruti Suzuki, Tata Motors, Bajaj Finserv, M&M, Tata Steel, JSW Steel, Ultratech Cement, and Bajaj Finance were the top SEnsex gainers today, rising up to 4.5%
>> L&T, HDFC Bank, NTPC, and Infosys were the only Sensex losers today, down up to 0.9%
>> Maruti Suzuki, Tata Motors, Bajaj Finserv, M&M, Tata Steel, JSW Steel, Ultratech Cement, and Bajaj Finance were the top SEnsex gainers today, rising up to 4.5%
>> L&T, HDFC Bank, NTPC, and Infosys were the only Sensex losers today, down up to 0.9%
3:36 PM
Stock Market Close Highlights: Nifty ends Sept F&O series above 26,200
Stock Market Close LIVE Updates: NSE Nifty ends at 26,216.05, up 211.90 points or 0.81%
>> NSE Nifty ends September F&O series on a solid note
>> NSE Nifty50 touched a record high of 26,250.90 during the day today
>> NSE Nifty ends September F&O series on a solid note
>> NSE Nifty50 touched a record high of 26,250.90 during the day today
3:34 PM
Stock Market Close Highlights: Sensex notches another record close
Stock Market Close LIVE Updates: BSE Sensex ends at 85,836.12, up 666.25 points or 0.78% today, Thursday
>> This is fresh record closing high for the BSE Sensex
>> BSE Sensex hit a fresh record high of 85,930.43 intraday today
>> This is fresh record closing high for the BSE Sensex
>> BSE Sensex hit a fresh record high of 85,930.43 intraday today
3:25 PM![]()
Stock Market LIVE Updates: High natural rubber prices to impact profitability of tyre makers: CRISIL
CRISIL Market Intelligence and Analytics, Director-Research Pushan Sharma said between fiscals 2011 and 2023, global rubber production grew 35 per cent while demand expanded 40 per cent resulting in a supply crunch thereby resulting in higher prices. READ MORE
3:12 PM![]()
Stock Market LIVE Updates: Mitsubishi Pencil JV boosts Linc shares by 6%: details for investors
Stock Market LIVE Updates: Shares of leading stationery company, Linc, surged 5.81 per cent to the day’s high of Rs 767.75 during the intra-day deals on the BSE on Thursday. The northward rally in the stock price was propelled by the company’s announcement of the formation of a strategic joint venture with Mitsubishi Pencil Company, Japan, a global leader in the writing instruments industry with an annual turnover exceeding $500 million. READ MORE
3:02 PM
At 3 PM, the BSE Sensex was up 550.98 points, or 0.65 per cent, at 85,720.85, while the Nifty 50 was at 26,179.85, up 175.70 points, or 0.68 per cent.![]()
Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty extend gains
Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty 50 extended their gains from the record levels they hit in early trades on Thursday.
At 3 PM, the BSE Sensex was up 550.98 points, or 0.65 per cent, at 85,720.85, while the Nifty 50 was at 26,179.85, up 175.70 points, or 0.68 per cent.
2:52 PM![]()
Stock Market LIVE Updates: Auto index hits record as MSIL surges 5%, M&M, Bajaj Auto hit life highs
Stock Market LIVE Updates: Shares of automobile companies were in demand on Thursday's trading session, with the BSE Auto index hitting a record high of 61,540. The index gained nearly 2 per cent in intra-day trades to extend its upward movement after the Securities and Exchange Board of India (Sebi) approved Hyundai Motor India's Rs 25,000-crore initial public offering (IPO) on Wednesday. READ MORE
2:38 PM![]()
Stock Market LIVE Updates: Urban India likely to spend Rs 1.85 trillion during festive sales, Survey finds
Stock Market LIVE Updates: According to a survey, one in two Indian households surveyed will spend over Rs 10,000 this festive season. The report by LocalCircles also said that almost 70 per cent of buyers will prefer to shop from shops and markets rather than online. The survey is based on the responses of 49,000 households from 342 urban districts of India. Forty-four per cent of respondents were from Tier-I, 34 per cent from Tier-II, and 22 per cent from Tier-III, IV, and V districts. READ MORE
2:30 PM![]()
Stock Market LIVE Updates: 50 units to be set up for pharma, medical device mfg under PLI scheme
Stock Market LIVE Updates: As many as 50 new greenfield plants are in the pipeline to come up in the next two years under the Production-linked Incentive (PLI) scheme for pharma and medical devices manufacturing, a senior government official said on Thursday. READ MORE
2:23 PM![]()
Stock Market LIVE Updates: Indogulf files IPO with Sebi, aims to raise Rs 200 cr via fresh issue
Stock Market LIVE Updates: Indogulf Cropsciences Ltd, a manufacturer of crop protection products, plant nutrients, and biologicals, has filed preliminary papers with capital markets regulator Sebi to raise funds through an Initial Public Offering (IPO). READ MORE
Topics : MARKET WRAP MARKET LIVE MARKETS LIVE MARKETS TODAY Markets Sensex Nifty S&P BSE Sensex stock market trading Gift Nifty Nifty50 Nifty 50 Chinese stock market global stock market stock market investing Global stock markets Indian stock market Asian markets US markets US market india market BSE NSE BSE NSE equity
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Sep 26 2024 | 8:06 AM IST
