Market Close Highlights, Sept 24: Markets muted after record; Sensex red at 84,900, Nifty at 25,950
Stock Market LIVE Updates: Indian equity benchmark indices pared their gains from the fresh all-time highs they touched late on Tuesday to close on a mixed note.
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Stock Market Today: Indian equity benchmark indices BSE Sensex and Nifty 50 were trading higher, after climbing to fresh all-time highs in the afternoon on Tuesday. (Photo: Shutterstock)
8:36 AM
This stagnation comes amid a swelling labour force in both urban and rural areas, meaning that the economy was not able to generate a commensurate number of jobs during the year. READ MORE
Stock Market LIVE Updates: Jobless rate stagnates at 3.2% in July 2023-June 2024, shows PLFS data
Stock Market LIVE Updates: After witnessing a decline for five consecutive years, India’s unemployment rate stagnated at 3.2 per cent in July-June 2023-24, thus reflecting deterioration in labour markets, according to the latest annual Periodic Labour Force Survey (PLFS) report, released by the National Statistical Office (NSO) on Monday.
This stagnation comes amid a swelling labour force in both urban and rural areas, meaning that the economy was not able to generate a commensurate number of jobs during the year. READ MORE
8:35 AM
In July, the number of new monthly subscribers under the Employees’ Provident Fund (EPF) increased by 2.6 per cent to 1.05 million from 1.02 in June, according to the latest monthly payroll data released by the Employees’ Provident Fund Organisation (EPFO) on Monday. READ MORE
Stock Market LIVE Updates: Fresh formal hirings increase in July by 2.5% to 1.05 million: EPFO data
Stock Market LIVE Updates: The number of monthly fresh formal hirings increased in July, signalling a recovery in the formal labour market.
In July, the number of new monthly subscribers under the Employees’ Provident Fund (EPF) increased by 2.6 per cent to 1.05 million from 1.02 in June, according to the latest monthly payroll data released by the Employees’ Provident Fund Organisation (EPFO) on Monday. READ MORE
8:33 AM
One could dismiss these trips as one of those typical journeys happening over the years, with vessels ferrying fuels from Reliance Industries’ Jamnagar refinery to consumers in Europe. Such trips, led by Reliance, helped India earn $57.3 billion in FY23 and $47.7 billion in FY24 from overseas fuel sales, as much as 13 per cent of India’s gross exports, according to oil ministry data. READ MORE
Stock Market LIVE Updates: Suez crisis: Houthi attacks disrupt India's diesel trade and oil business
Stock Market LIVE Updates: Sonangol Huila, a very large crude carrier (VLCC), left Jamnagar carrying 1 million barrels of diesel on July 8 and reached Le Havre, a French port, on August 18; Elandra Falcon, carrying 1 million barrels of ultra-low sulphur diesel, left Jamnagar in June and reached Vesta Antwerp on August 10.
One could dismiss these trips as one of those typical journeys happening over the years, with vessels ferrying fuels from Reliance Industries’ Jamnagar refinery to consumers in Europe. Such trips, led by Reliance, helped India earn $57.3 billion in FY23 and $47.7 billion in FY24 from overseas fuel sales, as much as 13 per cent of India’s gross exports, according to oil ministry data. READ MORE
8:26 AM
In all other credit segments, including personal loans, delinquencies declined even as retail credit growth moderated, consequent to banks tightening the supply of credit to the unsecured segments, a report by TransUnion CIBIL said on Monday. READ MORE
Stock Market LIVE Updates: Credit card delinquencies rise even as retail credit growth moderates
Stock Market LIVE Updates: Balance-level delinquencies in the credit card segment saw a 17 basis points (bps) year-on-year (Y-o-Y) rise in the quarter ending June 2024 (Q1FY25).
In all other credit segments, including personal loans, delinquencies declined even as retail credit growth moderated, consequent to banks tightening the supply of credit to the unsecured segments, a report by TransUnion CIBIL said on Monday. READ MORE
8:24 AM
Earlier, there were expectations of a reduction in the supply of dated securities. However, due to strong demand across various tenures, dealers now expect the government to adhere to its Budget Estimates (BE).
Any necessary adjustments in borrowing are expected to occur primarily through Treasury bills (T-bills), they said. READ MORE
Stock Market LIVE Updates: Centre's H2 borrowing likely to stay in line with budgeted amount
Stock Market LIVE Updates: The central government’s borrowing is expected to remain in line with the budgeted amount, with slight adjustments in the distribution across tenures, according to bond market participants.
Earlier, there were expectations of a reduction in the supply of dated securities. However, due to strong demand across various tenures, dealers now expect the government to adhere to its Budget Estimates (BE).
Any necessary adjustments in borrowing are expected to occur primarily through Treasury bills (T-bills), they said. READ MORE
8:23 AM
A combination of better growth prospects, increased weightage in global indices, and large initial public offerings (IPOs) have ensured a healthy influx of foreign money to the Indian markets, which remain pricey compared to global peers. READ MORE
Stock Market LIVE Updates: FPIs pump over Rs 87,000 cr into domestic equities in September quarter
Stock Market LIVE Updates: Foreign portfolio investors (FPIs) have pumped over Rs 87,000 crore (over $10 billion) into domestic equities this quarter, the highest inflow since the three months ended June 2023.
A combination of better growth prospects, increased weightage in global indices, and large initial public offerings (IPOs) have ensured a healthy influx of foreign money to the Indian markets, which remain pricey compared to global peers. READ MORE
8:21 AM
Stock Market LIVE Updates: Stocks to watch today
Stock Market LIVE Updates: Adani Power, Vodafone Idea, PNB, Reliance Power and V2 Retail, among others are a few stocks likely to be in focus on Tuesday. READ MORE
8:17 AM
Rallying for the third day running, the 30-share BSE Sensex jumped 384.30 points, or 0.45 per cent, to settle at an all-time high of 84,928.61. During the day, it soared 436.22 points, or 0.51 per cent, to hit a fresh lifetime intra-day peak of 84,980.53. READ MORE
Stock Market LIVE Updates: Markets hit fresh highs on optimism after Federal Reserve rate cut
Stock Market LIVE Updates: Benchmark BSE Sensex jumped 384 points to close at a new all-time high on Monday, driven by gains in energy, select banking and auto shares amid continued optimism over the US Fed rate cut and positive Asian markets.
Rallying for the third day running, the 30-share BSE Sensex jumped 384.30 points, or 0.45 per cent, to settle at an all-time high of 84,928.61. During the day, it soared 436.22 points, or 0.51 per cent, to hit a fresh lifetime intra-day peak of 84,980.53. READ MORE
8:16 AM
Previously, it took the industry 21 months to add 10 million investors, while growing from 20 million to 40 million took over 26 months. READ MORE
Stock Market LIVE Updates: Mutual fund investor base to break 50 million barrier in September
Stock Market LIVE Updates: The mutual fund (MF) investor base is set to surpass the 50-million unique investor milestone in September, with net additions expected to exceed 10 million in just 12 months, driven by sustained buoyancy in the equity market and a surge in new fund offerings (NFOs).
Previously, it took the industry 21 months to add 10 million investors, while growing from 20 million to 40 million took over 26 months. READ MORE
8:15 AM
Stock Market LIVE Updates: Over 93% retail traders lost money in F&O in three years, says Sebi
Stock Market LIVE Updates: An analysis by the Securities and Exchange Board of India (Sebi) has revealed that retail traders remain at the wrong end of the stick when it comes to equity derivatives trading.
About 93 per cent of them incurred an average loss of Rs 2 lakh (per trader) during the last three financial years.
About 93 per cent of them incurred an average loss of Rs 2 lakh (per trader) during the last three financial years.
The new report highlights an increase in the loss-making individual investors in futures and options (F&O) to 91.1 per cent in FY24 compared to 89 per cent in FY22. READ MORE
8:14 AM
Stock Market LIVE Updates: Here's how to trade Nifty Financial Services, PSU Bank indices on Sept 24
Stock Market LIVE Updates: The Nifty Financial Services Index has recently approached its resistance level of 25,000, which is a crucial round figure for short-term traders. This level will serve as a key test for the index, as a close above 25,000 could trigger further bullish momentum, pushing the index higher.
However, current technical indicators suggest caution, as the index appears to be overextended. READ MORE
However, current technical indicators suggest caution, as the index appears to be overextended. READ MORE
8:09 AM
In the US today, among others, House Price Index data for July, CB Consumer Confidence data for September, and Richmond Fed Manufacturing and Service Index data for September will be eyed.
Meanwhile, in the Asia Pacific markets, today, Japan's Jibun Bank Manufacturing, Service, and Composite data for September will be released and eyed. Also, South Korea's Producer Price Index (PPI) data for August will be on investors' radar. READ MORE
Stock Market LIVE Updates: Stock market today - GIFT Nifty tops 26k, China rate cut, Northern Arc IPO listing
Stock Market LIVE Updates: Globally, investors will track developments in the Middle East amid fresh round of attack by Israel in Lebanon which left over 500 dead.
In the US today, among others, House Price Index data for July, CB Consumer Confidence data for September, and Richmond Fed Manufacturing and Service Index data for September will be eyed.
Meanwhile, in the Asia Pacific markets, today, Japan's Jibun Bank Manufacturing, Service, and Composite data for September will be released and eyed. Also, South Korea's Producer Price Index (PPI) data for August will be on investors' radar. READ MORE
8:04 AM
Brent crude futures for November were up 21 cents, or 0.3 per cent, at $74.11 a barrel at 6:00 AM. US crude futures for November were up 24 cents, or 0.3 per cent, at $70.61.
Stock Market LIVE Updates: Oil prices climb on emerging concerns in the Middle East
Stock Market LIVE Updates: Oil prices rose on Tuesday on concerns the intensifying conflict between Israel and Hezbollah may impact supply in the key Middle East producing region and a tropical storm may impact output in the US, the world's biggest crude producer, later this week.
Brent crude futures for November were up 21 cents, or 0.3 per cent, at $74.11 a barrel at 6:00 AM. US crude futures for November were up 24 cents, or 0.3 per cent, at $70.61.
7:59 AM
China's top financial regulators unveiled a slate of measures, saying it would cut bank reserves by 50 basis points while reducing mortgage rates to try to spur sluggish economic growth.
The moves sent Chinese stocks higher, with the blue-chip CSI300 Index opening 1 per cent higher, while the broader Shanghai Composite index was also up 1 per cent at the open.
Hong Kong's Hang Seng Index jumped over 2 per cent in early trading, with the mainland properties index surging 5 per cent.
That pushed MSCI's broadest index of Asia-Pacific shares outside Japan 0.41 per cent higher to 588.43, levels last seen in April 2022.
Australia’s S&P/ASX 200 traded close to the flatline marginally ahead of the RBA decision.
Japan’s Nikkei 225 was 1.37 per cent higher, while the Topix was up 1 per cent. However, South Korea’s Kospi was flat.
Stock Market LIVE Updates: Asian markets climb as China rolls out fresh stimulus measures
Stock Market LIVE Updates: Asian stocks rose on Tuesday to their highest in more than two and half years, boosted by a slew of Chinese stimulus measures while expectations for more US rate cuts kept risk sentiment aloft and the dollar under pressure.
China's top financial regulators unveiled a slate of measures, saying it would cut bank reserves by 50 basis points while reducing mortgage rates to try to spur sluggish economic growth.
The moves sent Chinese stocks higher, with the blue-chip CSI300 Index opening 1 per cent higher, while the broader Shanghai Composite index was also up 1 per cent at the open.
Hong Kong's Hang Seng Index jumped over 2 per cent in early trading, with the mainland properties index surging 5 per cent.
That pushed MSCI's broadest index of Asia-Pacific shares outside Japan 0.41 per cent higher to 588.43, levels last seen in April 2022.
Australia’s S&P/ASX 200 traded close to the flatline marginally ahead of the RBA decision.
Japan’s Nikkei 225 was 1.37 per cent higher, while the Topix was up 1 per cent. However, South Korea’s Kospi was flat.
7:54 AM
The Dow Jones Industrial Average gained 0.15 per cent to 42,124.65, the S&P 500 climbed 0.28 per cent to 5,718.57 and the Nasdaq Composite advanced 0.14 per cent to 17,974.27.
Stock Market LIVE Updates: US Markets record fresh closing highs overnight
Stock Market LIVE Updates: In the US markets on Monday, the S&P 500 and Dow Jones registered fresh closing highs, while the Nasdaq also gained
The Dow Jones Industrial Average gained 0.15 per cent to 42,124.65, the S&P 500 climbed 0.28 per cent to 5,718.57 and the Nasdaq Composite advanced 0.14 per cent to 17,974.27.
Topics : MARKET LIVE MARKETS TODAY stock market trading Markets Sensex Nifty S&P BSE Sensex Gift Nifty Nifty50 Nifty 50 share market global stock market US stock US stock market US stock markets Asia stocks Asian markets Indian stock market Indian stock markets
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First Published: Sep 24 2024 | 7:48 AM IST
